London-based jeweller Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move to fund further expansion in Asia and capitalise on booming demand for high-end gems in China and India.
De Beers workers will see a 12 percent hike in their wages, as announced by the company, according to South Africa's National Union of Mineworkers (NUM). Earlier, the increase was defined at 10.4 percent, but the NUM demanded a 15 percent hike. The two came to a mutual understanding at 12 percent. The increase is for one year, with the same to be re-negotiated next year.
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