By Michelle Graff
London--International media and trade show company United Business Media (UBM) confirmed last week it is in discussions to acquire Advanstar, an event and marketing service business based in New York.

While UBM did not disclose the value of the transaction Women’s Wear Daily reported Monday that Advanstar’s price tag is “about $900 million.”

Included in UBM’s portfolio of events is a number of fine jewelry trade shows, including the Hong Kong Jewellery & Gem Fair that concluded Sunday as well as jewelry fairs in Delhi, Japan, Hyderabad, Singapore and other locations. 

Advanstar produces the Magic Marketplace events held in Vegas biannually, which offer accessories including jewelry, as well as a series of 16 focused shows held in New York throughout the year. 

UBM said its discussions with Advanstar “may or may not lead to a transaction” and another announcement will be made “if appropriate.” 

Get the Daily News >
National Jeweler

Fine Jewelry Industry News

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.