Sales have plunged in 2023, following massive increases during the Covid-19 pandemic The world’s biggest diamond companies have made a series of increasingly desperate moves in an effort to stop this year’s freefall in prices, Bloomberg reported on Saturday.

Julius Baer will reportedly cease doing business with clients residing in Russia by year-end, citing economic restrictions Swiss private bank Julius Baer will end all business with clients based in Russia due to sanctions, Reuters reported on Tuesday, citing a letter sent by the bank.

The revised document reflects “geopolitical change” and seeks to strengthen the force’s resilience Russian President Vladimir Putin on Sunday gave his approval to a revised naval doctrine that takes into account the “change in the geopolitical and military-strategic situation in the world.”