The jewellery firm reiterated that the assertion of Material Adverse Effect as a end result of COVID-19 has “no factual, contractual or authorized assist”. It additionally refuted claims that it had mismanaged the disaster, stating that store closures had been “entirely in keeping with its legal obligations” and done to guard the security of workers and prospects. However, two days later, all US places are closed because of widespread protests.
- The Dubai Jewellery Group knowledge showed 24K, 22K, 21K and 18K had been trading larger at Dh250.5, Dh232.0, Dh224.75 and Dh192.5 per gram, respectively, on Tuesday morning.
- Hong Kong is