Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

LVMH raises its bid for Tiffany - report

25 november 2019

French LVMH, a leading global group of luxury manufacturers, has increased its bid for the purchase of Tiffany & Co. up to $135 per share, says Bloomberg citing people familiar with the matter.

Image credit: Tiffany & Co.

Companies are currently negotiating, however, Tiffany reportedly put forward a counter proposal and asked $140 per share.
If LVMH agrees, the total transaction could amount to $17 billion.
Initially, the French group offered $ 120 per share, but then it increased its bid to $130.
LVMH already owns brands such as Christian Dior, Fendi, Givenchy and Tag Heuer.
The acquisition of Tiffany & Co would create a much bigger opportunity for LVMH in the United States and help expand its jewelry offerings.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg