Diamond World (DW) May - June 2020

Round & About
Retail and ecommeRce
Forevermark diamonds stands by its
commitment to protect the environment
at the heart of a
Forevermark diamond
lies a continuing
commitment to integrity.
Forevermark’s promise of
beautiful, rare and responsibly
sourced diamonds goes a lot
deeper than just ensuring the
diamonds are conflict free.
De Beers Group is running a
ground-breaking, multimilliondollar
research programme
focused on using kimberlite rock
to capture carbon dioxide from
the atmosphere and establish a
carbonneutral mine. “Every day
Forevermark and the De Beers
Group commits to protecting
the natural world and positively
impacting the countries
where our natural diamonds
are sourced. A Forevermark
diamond is a lifelong reflection
of the beauty, perfection and
infinite variety of nature,”
said Sachin Jain, President,
Forevermark India.
Tiffany-LVMH deal on the rocks
the LVMH board met
on June 2 to discuss its
takeover of Tiffany & Co.
It’s said that the $16.2 billion
deal was less certain than before
Covid-19.
The panel of directors
“focused its attention on the
development of the pandemic
and its potential impact on
the results and perspectives of
Tiffany & Co. with respect
to the agreement that links the
two groups,” LVMH said in a brief
statement on June 5.
LVMH had agreed in November
last year to buy the New Yorkbased
jeweller for $135 per share.
Directors of LVMH also
expressed concerns about
Tiffany’s ability to cover all
its debts by the time the
transaction closed, which was
due to happen in mid-2020.
Meanwhile, Bernard
Arnault, LVMH’s CEO and
chairman, is exploring ways of
pressuring Tiffany to lower the
selling price, Reuters reported on
June 4. As per recent reports the
takeover is uncertain as of now.
32 | may-june 2020 | DiamonD WorlD