Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries.
NBA star Chris Paul talks to his guests - athletes, entertainers and business leaders - about their journey to success, their inspiration and where they look for new opportunities.
How an Energy Expert Triggered Vladimir Putin With One Word
Social Media Buzz: Bear Market, Nancy Pelosi, George Carlin
Dangerous DIY Baby Formula Recipes Go Viral as Parents Get Desperate
Shopify’s Founder-Share Proposal Is Opposed by Glass Lewis
France’s Le Drian Says He’s Happy Scott Morrison Lost Election
New York Judge Approves New Maps for August Primaries
A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
Why Your Index Fund Won’t Protect You From Tech’s Collapse
Mbappe to Renew Contract With Paris Saint-Germain: RMC Sport
Cannes: Ethan Coen on His Jerry Lee Lewis Documentary
How Can the US Fix Its Baby Formula Crisis?
These Ways to Cool the Charter-School Wars Probably Won’t
Elon Musk’s Crazily Banal Week
Compensation Is Becoming an Even Bigger Headache in the Remote-Work Era
My History With Scoliosis Made Me Seek a Better Treatment for My Son
These Tiny Organisms Are Key to Stopping the Next Pandemic
Supreme Court Abortion Leak Was a ‘Cowardly’ Act, Retired Justice Says
The Knot Worldwide Joins Companies Covering Travel for Abortion
Walmart, Lowe's Shareholders Urged to Vote on Abortion Proposals
Police Report 2nd Death From Tornado in Northern Michigan
When EVs Die in the Wild (And Trust Us They Will)
Here’s the Latest Ranking by City of Baby Formula Shortages
Biden’s New Housing Plan: Fire Up the House Factories
Paris Plans to Remove Two Beltway Lanes to Cut Pollution
Crypto’s Bankman-Fried Gave $16 Million to Super PACs in April
Lagarde Says Crypto Is ‘Worth Nothing’ and Should Be Regulated
BitMEX Founder Hayes Avoids Prison on Bank Secrecy Charge
De Beers sees little chance of increasing supply in the next couple of years.
Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.
The price of a small rough diamond, the type that would end up clustered around the solitaire stone in a ring, has jumped about 20% since the start of March, according to people familiar with the matter. The reason: Diamond cutters, polishers and traders are struggling to source stones after the US levied sanctions on De Beers’s Russian rival, Alrosa PJSC, which accounts for about a third of global production.