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It’s the latest twist in a bankruptcy case the presiding judge has described as “a mess.”
But the other four diamonds in the collection found buyers.
The gemstone miner purchased Cobadale Ltd, which owns an 80 percent interest in four ruby licenses in Montepuez, Mozambique.
He will assume the role on Jan. 31 as Peter Meeus departs.
It’s an open-pit mine in South Africa known for producing large white and fancy color diamonds.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.