The fast-casual chain partnered with Anna Sheffield’s Bing Bang NYC brand on a capsule collection and it’s a little “extra.”
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

The diamond and tanzanite bracelet was inspired by the waves of the Italian gulf near Genoa.

The home improvement store’s website features an “Empowerment Tools” demi-fine jewelry collection.

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

The show will feature a new pavilion of 30 jewelry designers and manufacturers from Surat, India.


A government official said search crews “found the needle in the haystack” when they located the capsule belonging to Rio Tinto along an 870-mile stretch of road.

Amanda Gizzi welcomes February with a selection of amethyst jewelry, a birthstone that “deserves its own time to shine.”

De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.

Behind the playful and nostalgic brand lies deeper meaning.

The Time Century Jewelry Center is located in downtown Miami’s jewelry district.

Wariness about the year ahead offset a more positive view of the current economic situation.

The IJO also welcomed one new vendor member to its 13-member board, Brecken Farnsworth of Parlé Jewelry Designs.

It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.

The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.

The jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.

The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.

Industry veteran Kevin Lane has stepped into the role.

The ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.

The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.

Nominations are open now through March 24.

A column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.

Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.

Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.

The Victorian-inspired design is a functional lock and key.

For over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.

The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.

The Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.