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Botswana is preparing to double its ownership of the De Beers Group from 15 per cent to 30 per cent, becoming the diamond producer’s largest single shareholder under a proposed acquisition led by the Global Diamond Consortium (GDC).
The sale of Leading Edge Group’s retail brand portfolio and associated assets has been finalised after the company entered voluntary administration earlier this year.
Hong Kong-based jewellery retailer Lukfook Jewellery has opened its first European store in London while streamlining its global network and expanding overseas.
New Zealand retailers are approaching the festive trading season with increased business confidence, despite higher costs, rising fuel prices, and subdued consumer spending.
Rare fancy-colour diamonds, historic jewellery, and unique gemstones will appear at two Geneva auctions in November, headlined by an 8.63-carat pink diamond expected to fetch a hefty return.
The Gemological Institute of America (GIA) has acquired a rare collection of 2,665 crystals, gemstones, and minerals with significant and unusual inclusions.
The future of one of Australia's most iconic retailers is uncertain after David Jones entered voluntary administration, with approximately $100 million owed to trade creditors and a major restructure expected to reshape its store network.
Petra Diamonds has secured financial support that will provide the company with amid liquidity, following recent reports that the company was exploring the sale of its assets amid a market downturn.
Pallion Group, owner of ABC Bullion and one of Australia's largest precious metals businesses, has quietly settled its long-running legal dispute with the Australian Taxation Office (ATO), ending more than a decade of litigation.