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Tiffany necklace
LVMH Proposes Tiffany Takeover
LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
Retail Oct 27, 2019 Rapaport News
Niru Loupe
Niru Group, EZ Diamonds Join Forces
Two of the largest suppliers of better-quality, small polished diamonds have combined their operations, signaling further consolidation in the diamond-manufacturing sector. A joint venture between Niru Group and EZ Diamonds will bring EZ’s supply of round...
Polished Markets Dec 26, 2018 Avi Krawitz
Leo Schachter
Rosy Blue to Buy Stake in Leo Schachter
Polished manufacturer Rosy Blue has agreed to acquire aminority share in Leo Schachter, as the diamond suppliers seek to make theiroperations more efficient. The deal will enable the firms to use each other’sinfrastructure around the...
Polished Markets Apr 17, 2018 Rapaport News
Ghaghoo mine Gem Diamonds
Gem Diamonds Ends Talks over Mine Sale
Gem Diamonds has terminated discussions with a potentialbuyer for its Ghaghoo mine in Botswana. The London-based company announced in August that it wasconsidering an offer from an unidentified party. However, those talks did notresult in an agreement, and...
Mining Dec 12, 2017 Rapaport News
Gemfields rubies
Pallinghurst Emerges as Sole Gemfields Bidder
Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
Mining Jun 27, 2017 Rapaport News
Buyers at Gemfields Auction
Battle for Gemfields Heats Up
Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
Gemstones Jun 21, 2017 Rapaport News
Gemfields rough emerald 140
Gemfields Reluctantly Bows to Fosun Takeover Bid
Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
Gemstones Jun 20, 2017 Rapaport News
aaron group
Richline Acquires The Aaron Group
Richline Group bought jewelry manufacturer TheAaron Group, as the Warren Buffett-owned business continues to drive growth through mergers and acquisitions. The companies did not disclose terms of the deal, which was the fifth...
Manufacturing Jan 15, 2017 Rapaport News
Diamond Mine Sale Ushers in ‘New Rockwell’
Rockwell Diamonds has agreed to sell certain non-core assetsto Nelesco 318 Proprietary for $3.2 million (ZAR 45 million) as part of astrategic overhaul by new chief executive officer Tjaart Willemse.Rockwell did not say which assets...
Mining Dec 25, 2016 Rapaport News
Pandora Takes Control of Belgium Stores
Pandora agreed to acquire its licensed store network in Belgium and Luxembourg from distributor Gielen Trading as the company aims to take greater control of its brand.The Copenhagen-based jeweler will pay Gielen Trading $14.6million (EUR...
Retail Dec 18, 2016 Rapaport News
New DGSE Boss Eyes Acquisitions
DGSE Companies is targeting acquisitions as it seeks to becomeprofitable and competitive again, the company’s new chief executive officer (CEO) said. John Loftus became DGSE's fourth CEO in three years when he took office on December 12....
Mining Dec 18, 2016 Rapaport News
shopping app
Blue Nile Says Takeover Bid Unchallenged
Blue Nile did not receive any takeover bids during a 30-dayperiod in which it was allowed to consider proposals from third parties,according to a company filing with the U.S. Securities and Exchange Commission.The disclosure comes after...
Retail Dec 08, 2016 Rapaport News
Lace mine
DiamondCorp No Longer Up For Sale
DiamondCorp shelved plans for a sale or merger, after rejectingoffers that it deemed undervalued the company.The company terminated a formal sale process after turningdown a cash takeover bid. The developmentcomes after DiamondCorp said last month...
Mining Nov 09, 2016 Rapaport News
Harvey Kanter
Blue Nile to be Sold for $500M
Blue Nile agreed to be acquired by a private-equity investor group as the online diamond retailer’s profit slumped in the third fiscal quarter.Bain Capital PrivateEquity and Bow Street will buy all outstanding shares of BlueNile common stock...
Retail Nov 07, 2016 Rapaport News
diamonds direct
Diamonds Direct Buys Dallas Jeweler
Diamonds Direct acquired Dallas-based Diamond Doctor,continuing its aggressive expansion into the U.S. retail space.Diamonds Direct, based in Charlotte, North Carolina, was boughtby private equity firm Blackstone Group last November. Since then...
Retail Nov 07, 2016 Rapaport News
Stellar Tongo mine Sierra Leone
Stellar, Octea to Merge Sierra Leone Diamond Mines
Stellar Diamonds and Octea Mining agreed to combine theirSierra Leone projects to create the second largest diamond-mining operation inWest Africa.Under the proposed deal, Stellar plans to amalgamate itsTongo kimberlite project with Octea’s adjacent...
Mining Aug 22, 2016 Rapaport News
Trans Hex
Diamond Miner Trans Hex Faces Takeover Bid
A consortium has made a mandatory cash offer to acquireTrans Hex Group, a diamond miner based in Cape Town.Cream Magenta 140 Proprietary, Metcap 14 Proprietary Limitedand RAC Investment Holdings Proprietary Limited joined hands to buy the sharesin...
Mining Aug 08, 2016 Rapaport News
Sarine DiaMining deal
Sarine Buys Diamond App Maker
SarineTechnologies has acquired DiaMining, a developer of apps that produce digitalimagery of diamonds, gemstones and jewelry. The deal was valued at $1.2 millionand encompasses DiaMining’s technology and assets.RamatGan-based DiaMining offers point-of-sale products that display...
Technology May 31, 2016 Rapaport News
Alexei Ulyukayev
Russia Eyes $898M from ALROSA Privatization
Russia expects it will get more than $898.4 million (RUB 60billion) from a sale of shares in ALROSA, the country’s news agency TASS citeda minister as saying.The government is planning to sell a 10.9-percent stake inthe diamond miner...
Mining May 23, 2016 Rapaport News
Warren Buffett’s Jewelry Unit Acquires Nordt
Richline Group, a jewelry company owned by Warren Buffett’sBerkshire Hathaway, made a second acquisition in less than a month with thepurchase of a precious-metals company, John C. Nordt.Nordt, amanufacturer for and supplier to the jewelry industry, was founded in 1872...
Retail May 22, 2016 Rapaport News
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