BHP clears U.S. hurdle in bid for Rio Tinto
London—BHP Billiton announced on Thursday that The U.S. Department of Justice and the Federal Trade Commission (FTC) have essentially cleared the way for its proposed acquisition of Rio Tinto,...
Petra Diamonds reveals big blue diamond
Johannesburg—A 39-carat blue diamond is on display in South Africa, as part of mining company Petra Diamonds Ltd.'s latest tender.
C and A merges with Simon Golub
Seattle—Fine jewelry manufacturer Simon Golub and Sons has announced the completion of its merger with C and A Diamonds International of Youngstown, Ohio.
TanzaniteOne fighting takeover bid
London—Mining company TanzaniteOne Ltd. has issued 83.7 million shares of B shares stock to wholly owned subsidiary TanzaniteOne Mining in an effort to stave off a takeover by Gemfields...
Gitanjali Gems announces next acquisition
Mumbai, India—Indian jewelry giant Gitanjali Gems will announce acquisition of a diamond-jewelry brand at a press conference on Tuesday in Mumbai, a company spokesperson confirmed to National...
Gemfields acquires Kagem emerald mine
London—Gem exploration and mining company Gemfields has raised $60 million to fund its future expansion plans and simultaneously completed the acquisition of Zambia's largest emerald mine,...
Twin department stores make some malls see double
Due to the merger of Macys parent company and May Department Stores, Fair Oaks Mall in Virginia has become one of 85 malls across the country to have two Macys stores under its roof, The Washington...
South Dakota Gold, Shube's merge
Albuquerque, N.M.—South Dakota Gold Co., an icon in the Black Hills Gold jewelry business, and Shube's have announced the merger of their companies under the new name Dakota West.
Battle for Rio Tinto heats up
Hong Kong—Mining company BHP Billiton upped the stakes on Wednesday in its bid to buy Australian mining company Rio Tinto, various news services reported.
Lord and Taylor to expand in Canada
Toronto—The private equity firm that owns both Lord and Taylor and Fortunoff department stores has acquired a Canadian retail company, setting the stage to expand its operations in that market.
Same-store 4Q sales drop at Whitehall
Chicago—Same-store sales at Whitehall Jewelers Holdings Inc. decreased 13.8 percent for the fourth quarter ended Feb. 2, and net sales were $85.3 million compared with $102.3 million for the...
Foreign retailers bullish on U.S., despite slowdown
New York--The weak dollar and a series of bankruptcies among some of the country's largest jewelry retailers have opened the door to foreign-based retailers that have long sought entry into the U.S....