Browsing: Diamond

Sriram ‘Ram’ Natarajan, previously managing director of GIA India Laboratory Private Limited (GIA India), has been appointed to a new role as senior vice president of laboratory operations for the Gemological Institute of America, Inc. (GIA). He began his new responsibilities in early August, based at GIA’s world headquarters in Carlsbad, California, U.S., reporting to GIA President and CEO Pritesh Patel

Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned  Fabergé Limited (“Fabergé”), the iconic luxury brand, to SMG Capital LLC (the “Buyer”), for a  total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by  the Buyer on completion of the sale (which is expected on 28 August 2025). The remaining USD 5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8%  of Fabergé’s revenue. The sale is not expected to be subject to regulatory or any other approval  processes