The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.
Pallinghurst Successful in Acquisition of Gemfields
The company intends to take the colored gemstone miner private.

London--Two months after it first made its unsolicited takeover offer, Gemfields’ biggest investor is set to acquire the colored gemstone miner.
As of Tuesday, Pallinghurst had received acceptances representing more than 90 percent of Gemfields shares, allowing it to begin the last steps needed to acquire the company.
Under the terms of the deal, Gemfields shareholders will be entitled to receive 1.91 Pallinghurst shares for each Gemfields share that they own.
Pallinghurst’s journey to become the owner of Gemfields began in late May, when the gemstone miner’s biggest investor made an unsolicited offer to buy out the remaining shares it didn’t already own.
Just a few weeks later, Shanghai-based investment company Fosun Gold made a play for the miner but that offer lapsed fairly quickly, concurrent with Pallinghurst’s offer becoming wholly unconditional on June 26.
Now, Pallinghurst plans on taking the company private.
On June 30, Gemfields announced that it had applied to be delisted from AIM, the London Stock Exchange’s market for smaller companies; it expects the cancellation to take effect as of July 28.
Pallinghurst CEO Arne Frandsen said the takeover will “allow for the Pallinghurst team to take full operational control, revitalize the company and unlock the synergies. This will in turn strengthen and improve Gemfields’ operational and financial position.”
When it first made the offer, Pallinghurst said it would not only focus on the company’s core emerald and ruby operations in Zambia and Mozambique but also accelerate the “development of its existing portfolio of projects” to mitigate its dependency on its assets, as well as explore alternatives for Fabergé--goals it has reiterated now that it’s in line to take over the company.
Gemfields declined to comment for this story.
Amid some restructuring at the top for Pallinghurst, including the appointment of a chief investment officer and a chief operating officer, the company said its executive management will lead operations in London, South Africa, Zambia and Mozambique, with dedicated teams in the field.
When asked whether this meant possible changes for Gemfields management, a Pallinghurst spokesperson said: “Changes to the Gemfields strategy and management will be determined by Pallinghurst following the close of the transaction in consultation with shareholders and other stakeholders.”
The Latest

Parent company Saks Global said the iconic location will be open through the holiday season as it decides what to do with the space.

The virtual event will take place April 7 at 3 p.m.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The educational event will take place in Charlotte, North Carolina, this May.


The independent jeweler first opened its doors in 1888.

The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.

The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.

Alex Wellen, formerly CEO and president of MotorTrend Group, has taken on the role.

The Impact Initiative is part of the nonprofit association’s new three-year strategic plan.

The ruby and the sapphire, which Christie’s calls a “once-in-a-generation masterpiece,” are part of the upcoming Hong Kong jewelry auction.

The two pairs of earrings, snatched from a Tiffany & Co. store in Orlando, Florida, are valued at a combined $769,500.