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In another attention-grabbing twist, harking again to recent history, in May 2008 Kleins was placed into receivership after collapsing with $20 million in debt. Two months later the corporate was liquidated after administrator James Stewart, of Ferrier Hodgson, mentioned he was being pressured to close the enterprise. At the time, there have been around 1,000 stores listed, nevertheless a necessity emerged to refine the research by higher defining retailer varieties and product classes. This process culminated in the 2010 State of the Industry Report, published in December that yr. Another small chain, Regency Jewellers, which was founded in 1968, has also fared well. It operated six stores all through regional NSW in 2010 and it nonetheless operates the same quantity at present.

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A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby’s New York sale of jewels from a thriller collector. The natural shade, VS2 readability stone was among the many highlights of From the… DMCC reported that complete tough and polished diamond trade in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound annual progress rate of 11%. Signet Jewelers reported a …