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MID BLOG

AMERICA’S FTC FLEXES ITS MUSCLES IN THE DIAMOND TRADE

The Federal Trade Commission (FTC), the U.S. government agency charged with protecting the interest of consumers and promoting competition, is evolving into one of the most influential players in the worldwide diamond trade, in part because of the size of American market, both also because of its readiness to the place itself at the center of the debate about how to describe man-made diamonds and the differentiate them from their natural counterparts.

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BRITISH MARKET FACES UNCERTAINTY AS BREXIT LOOMS

Brexit, the process by which the United Kingdom is set to withdraw from the European Union, is still up in the air, with the economic consequences on the British economy in general, and the country’s jewelry and diamond industry in particular, likely to be considerable, particularly if the so-called “hard Brexit” cannot be avoided.

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KEEPING TIME WITH DIAMONDS

There is no other major jewelry trade show as associated with the watch industry as Baselworld. Which is an event that also puts to bed the question whether men buy jewelry. The luxury watch market, catering predominantly to men, equaled about $46.4 billion in 2018, and it is forecast to climb $53.2 billion by 2023.

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