The company says that the significantly higher costs of rent led to the study of alternative options for the location on Old Bond Street.
The UK government plans to hold a sharp change in the business tax system from April. Against this background, a number of retail businesses in central London may be faced with an increase in the average of 50% of the costs.
At the same time rental rates for Old Bond Street rose sharply. De Beers moved to premises on Bond Street, when rates were around £ 400 per square foot area of the store, but then they went up to £ 2225 per square foot. However, while De Beers has decided to retain the store.
De Beers said it is constantly reviewing the location of its stores around the world, and noted that it had recently moved its flagship store in New York on Madison Avenue. The company said it plans to change its New York store in such a way that it is less than London.
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The Gemological Institute of America (GIA) recognized as invalid 1,042 gemological reports sent mainly to the GIA laboratory in India after third parties obtained unauthorized access to the institute's database and changed the characteristics of the diamonds in the reports, the laboratory reported October.
Changed the characteristics of color and purity of diamonds, noted in the GIA.
Customers who sent their stones whose reports have been changed will not be able to send their diamonds to the laboratory while an internal investigation of the incident is being conducted. Most of the diamonds, the certificates for which were changed, were transferred to a laboratory in India between November 2014 and September 2015. Approximately 900 stones were transferred to the laboratory in July-August of this year.
"The GIA urges all customers who own these stones or reports to return them to the GIA for re-examination," the lab said in a statement. After the incident, the GIA strengthened its security oversight.
The lab reports that according to preliminary results of the investigation, one or more former employees of Tata Consultancy Services (TCS), which maintains the GIA database, remotely changed the certificates of diamonds before they were printed and sent to customers. It is alleged that hackers worked on behalf of the parties, not related to the GIA or TCS.
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