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Solid U.S. Retail Sales Calm Some Worries About Economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between the United States and China as well as slowing global growth.
South Korean Diamond Exchange Persuades Govt To Abolish Consumption Tax on Diamonds
Following five years of talks and intensive work by the Korea Diamond Exchange (KDE), the South Korean government has slashed taxes on loose diamonds, says exchange President Nam Chang-Soo.
The individual consumption tax was introduced in 1976 and abolished in December 2018 in time for the new year, he explained.
WFDB 2019 Presidents Meeting
With the 2019 Presidents Meeting coming up in Dubai in September, the World Federation of Diamond Bourses held an Executive Committee Meeting at the Israel Diamond Exchange on Monday to prepare topics for further discussion.
We debated a wide variety of subjects vital to the industry, as well as moves to further raise the international standing of the WFDB. The Executive Committee also discussed the important subjects of synthetic diamonds and the state of the diamond trade globally.
