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US lukewarm on G7 Russian diamond ban after industry backlash

REFILE-US lukewarm on G7 Russian diamond ban after industry backlash Adds dropped words in quote in paragraph 14 Ban aims to curb another revenue stream for Russia Biden administration official says US still engaged in G7 talks Says needs to take into account African, UAE, industry concerns By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON, May 17 (Reuters) - The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after
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Luxury group Richemont makes Van Cleef jewellery boss new CEO

UPDATE 3-Luxury group Richemont makes Van Cleef jewellery boss new CEO Names Nicolas Bos as group CEO Jerome Lambert to stay on as COO Group CEO role to include jewellery brands Richemont shares up 6% Q4 sales fall 1% Recasts paragraph 1 with reinstated CEO role, adds share price rise, analyst comments in paragraphs 5-6, YNAP details By John Revill and Mimosa Spencer ZURICH, May 17 (Reuters) - Luxury group Cartier-owner Richemont CFR.S announced a rejig of its top management on Friday, promoting
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Reliance Retail to sell UK's ASOS apparel in India

UPDATE 1-Reliance Retail to sell UK's ASOS apparel in India Adds details, background from paragraph 2 BENGALURU, May 16 (Reuters) - India's Reliance Retail entered a partnership to s ell British online retailer ASOS' ASOS.L products in India, the Reliance Industries RELI.NS unit said on Thursday. U.K.- listed shares of ASOS, whose products cater to young adults, rose as much as 3.9% on the news.
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Gulf buyer is best hope to revive De Beers sparkle

BREAKINGVIEWS-Gulf buyer is best hope to revive De Beers sparkle The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lisa Jucca LONDON, May 16 (Reuters Breakingviews) - Anglo American’s AAL.L lengthy love affair with diamonds is over. After rebuffing a merger approach by Australian rival BHP BHP.AX , the $44 billion London-listed miner on Tuesday unveiled a breakup plan that involves selling or spinning off its 85% stake in famed gem producer De Beers.
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Watches of Switzerland shares tick higher on brighter outlook

UPDATE 2-Watches of Switzerland shares tick higher on brighter outlook Company 'cautiously optimistic' on new financial year Sees revenue of 1.67-1.73 bln stg in FY2024-25 Shares jump as much as 19% Rewrites with shares, background By Yamini Kalia May 16 (Reuters) - Watches of Switzerland WOSG.L forecast higher revenues in its new financial year, sending shares in the luxury retailer up as much as 19% on Thursday following a tough time for the industry.
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