Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.
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The private equity firm has a plan to revive the mall staple.

The California-based fine jewelry brand will retain its identity post-acquisition, with new collections launching next year.

Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.

The two organizations have finalized and signed the affiliation agreement announced in May.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.

The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.

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

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

In addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.

The Indiana jeweler has acquired Scottsdale Fine Jewelers in Scottsdale, Arizona.

The company has acquired Australian jewelry insurance provider Jewellers Loop.

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

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

Breitling is reviving Gallet, which was founded in 1826 and is known for making watches used in the early days of long-distance travel.

The retailer’s portfolio now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks Off 5th.

Members of the founding family have partnered with Mexican retail company El Puerto de Liverpool to acquire Nordstrom.

Fenix and Dholakia Lab-Grown Diamonds have jointly acquired the Israel-based company, which grows diamonds using solar power.

The mining company is set to hand over the South African diamond mine to an affiliate of Stargems Group by the month’s end.

CEO William Lamb said divesting the diamond sales platform allows the company to focus on the underground expansion of Karowe.

The company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.

The luxury giant recently completed its acquisition of the Italian jewelry brand.