🚨 Bill Gates’ fund has sold all PNJ stocks — what should investors understand?
📌 What happened?
In early July, investigators initiated criminal proceedings against several individuals involved in an international smuggling ring involving more than 28,000 carats of diamonds. Among them is a former Director of PNJ Laboratory (P-Lab) — a subsidiary of PNJ specializing in diamond testing — who is accused of being involved in the issuance of certification documents for smuggled imported diamonds.
PNJ has issued a statement affirming:
* The 28,000 diamonds mentioned above did not enter PNJ’s retail sales system.
* The company only uses diamonds with legal provenance and complete documentation.
* PNJ is coordinating with relevant authorities and strengthening internal controls at P-Lab.
In just a few weeks, it dropped by 30%. Terrified
📌 What happened?
In early July, investigators initiated criminal proceedings against several individuals involved in an international smuggling ring involving more than 28,000 carats of diamonds. Among them is a former Director of PNJ Laboratory (P-Lab) — a subsidiary of PNJ specializing in diamond testing — who is accused of being involved in the issuance of certification documents for smuggled imported diamonds.
PNJ has issued a statement affirming:
* The 28,000 diamonds mentioned above did not enter PNJ’s retail sales system.
* The company only uses diamonds with legal provenance and complete documentation.
* PNJ is coordinating with relevant authorities and strengthening internal controls at P-Lab.
In just a few weeks, it dropped by 30%. Terrified