The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.
Customs Seizes Nearly $10M in Counterfeit Jewelry, Watches
U.S. Customs and Border Protection officers in Cincinnati seized two shipments of pieces labeled as Cartier, Tiffany, Rolex, Patek Phillippe and more.

Cincinnati—U.S. Customs and Border Protection officers in Cincinnati seized two shipments of counterfeit jewelry and watches earlier this month, CBP reported last week.
The first shipment came from Shenzen, China and was heading to a private residence in Norcross, Georgia, an Atlanta suburb.
Though the declared value was $315, the package contained 171 pieces of jewelry and watches, deemed counterfeit by the CBP’s Centers of Excellence and Expertise.
The pieces were labeled as Versace, Michael Kors, Cartier, Salvatore Ferragamo, Dior, Tiffany & Co., Bulgari, Armani, Hugo Boss, Burberry, Hublot, Patek Phillippe, Audemars Piguet, Louis Vuitton, Fossil, Omega, and Rolex.
If genuine, the items’ value would have been nearly $8.5 million, CBP said.
A second shipment arrived in Cincinnati via a freight forwarder in Hong Kong and was headed to an individual in West Palm Beach, Florida.
This package contained 113 counterfeit Cartier bracelets, which, if genuine, would be worth $1.17 million.
“These large seizures illustrate the work our officers do every day to protect our country, its citizens, and the economy,” said Cincinnati Port Director Richard Gillespie in a press release about the discoveries.
“Our officers are dedicated to preventing counterfeiters from defrauding consumers and legitimate businesses.”
The Latest

Smith shares wisdom he gleaned from a podcast he was listening to one morning while being walked by his dog, a Malshi named Sophie.

The MJSA Mentor & Apprenticeship Program received the Registered Apprenticeship Program designation by the U.S. Department of Labor.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

Casio executive and watch enthusiast Masaki Obu is the new general manager of its U.S. timepiece division.


Barabash, Verragio’s client relations representative, was a vital member of the team and is remembered as being warm and full of life.

Originally introduced in 1992, the “Dot” collection is back with a capsule featuring five archival designs and three new creations.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Allison-Kaufman has received the honor for the fourth year in a row.

The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.

Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.

Its investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.

Nicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.

Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.

Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.

The board elected 9 new directors at its recent ICA Congress in Brazil.

Three winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.

JD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.

The new inventory, all untreated, features vibrant hues and unique bicolor combinations.

Acquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.

President Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.

The “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.

Columnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.

The retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.

The Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.