Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

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.

news_10012019_tiffany.png
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