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.

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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.