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The death of natural diamonds: Shares of De Beers owner fall 20% after mine production is cut as eco-conscious customers instead opt for lab-grown gems loved by celebs like Taylor Swift

According to Marilyn Monroe in the classic 1953 film “Gentlemen Prefer Blondes,” diamonds were once a girl’s best friend. But these days, eco-conscious shoppers seem to prefer lab-grown gemstones over mined rock, and celebrities like Taylor Swift, Reese Witherspoon and Emma Watson are showcasing lab-made accessories. According to The Times, the boom in lab-grown rocks … [Read more…]

“I didn’t pay my rent for December,” admits the owner of the Saint-Bock brewery

Many restaurateurs, fearing January 18 of the repayment of part of the subsidies granted by the government during the COVID-19 pandemic, have raised the alarm in 2023. Now that the fateful date is no closer, they are starting to worry about being confirmed. • Also read: ‘They forced us to close’: Unable to pay off … [Read more…]

Volvo shares fall 14% to record low as Chinese owner Geely sells shares

Volvo Cars shares fell as much as 14% on Friday, hitting a record low. Volvo parent company Zhejiang Geely Holding Group has started selling around 100 million shares in the Swedish carmaker. Volvo vehicles seen outside an Edmonton Volvo dealership on October 26, 2023 in Edmonton, Alberta, Canada. Arthur Widak | Photo only | Getty … [Read more…]

A Tesla owner says he received a $14,000 repair bill the day after purchasing a Model Y. A new report suggests this is part of a much larger problem.

As Portal reported, a Tesla owner received a $14,000 repair bill for a first-day problem with his Model Y. He said the Model Y’s suspension broke when it only had 115 miles on the clock. Portal found that Tesla faced thousands of complaints about suspension and steering problems. Shreyansh Jain, a former Tesla owner, was … [Read more…]