The billion-dollar acquisition still needs regulatory approval from the European Union, Japan, Mexico and Taiwan.
As the company nears a bankruptcy filing, here’s how it got there and how it may get out.
Started in response to the pandemic, Virtu Gem sells rough from miners in Zambia and Malawi.
The New York City gemstone laboratory has developed a model system for doing business in person during the pandemic.
The online buyer and seller meetup is scheduled for Aug. 27 and 28.
The Danish jewelry company also shuttered 32 stores in the second quarter, mainly in Germany, the U.K. and the Nordic countries.
The Continental Buying Group is pivoting from holding a physical jewelry trade show in October to a virtual one in September.
The diamond miner has inked a partnership with Antwerp-based cutter HB Group to buy all its diamonds weighing more than 10.8 carats for the rest of 2020.
And the price is likely to keep rising this year.
In a letter sent out Thursday, WFDB’s Yoram Dvash wrote there are multiple reasons to be optimistic about the state of the diamond industry.
The department store chain and owner Le Tote join the nearly 40 retailers that have filed for bankruptcy this year.
GemGenève has adjusted its November show dates and the Bangkok Gems and Jewelry Fair pushed its fall event to early 2021.
States that experienced an uptick in COVID-19 cases saw large declines in consumer confidence.
The department store chain is rethinking its store count as its customer base shifts to online shopping.
Declining orders from retailers have hit TAG Heuer and Hublot hard, though TAG’s new smartwatch has “been a great success.”