Exploration may reveal Arkhangelsk Province has huge diamond potential

Only exploration performed in the Arkhangelsk Province can confirm the inferred diamond reserves and help discover new promising deposits. This was stated by Viktor Ikonnikov, Deputy Chairman of the Arkhangelsk Province Government for Project Activities...


De Beers’ Forevermark targets Belgium

De Beers diamond brand, Forevermark will launch in five jewellery stores in Belgium through a partnership with Gautam Diamonds.


Antwerp’s Rough Diamond Exports Jump in Nov., Polished Malaise Continues

Antwerp’s rough-diamond trade put a weak October performance in the rear-view mirror in November, as the volume of rough exports in particular rose sharply despite another decline in the average price per carat.


Wenhao Yu appointed Deputy Chairman of Sotheby’s- Jewellery, Asia

Sotheby’s recently appointed Wenhao Yu as new deputy chairman, responsible for driving and further developing the auction house’s jewellery business across Asia.


Petra resumes SA operations after crippling power cuts

Petra Diamonds resumed its mining operations in South Africa on Tuesday as the power utility, Eskom downgraded the load shedding status from Stage 6 to Stage 4.


Tiffany asks LVMH to raise its $14.5 billion offer: sources

14 november 2019

(Reuters) - Tiffany & Co (TIF.N) has asked Bulgari owner LVMH (LVMH.PA) to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said in early November. Tiffany’s board decided that LVMH’s $120-per-share, all-cash bid was too low to become the basis for negotiations, the sources said. Tiffany informed LVMH it could open its books and provide confidential due diligence if the French luxury group sweetens its offer, the sources added. LVMH remains engaged and is considering a new offer, according to the sources. The exact numbers being discussed could not be learned. Sources have previously said Tiffany’s board saw a price level of $140 per share, which its shares reached last year, as key to reaching a deal.