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Mythbusters: Truth Behind Jewellery Valuation Myths

During an extraordinary meeting conducted digitally on 30 December 2020, more than 99 per cent of Tiffany & Co. shareholders approve LVMH’s new provide of $US131.50 and the terms of the revised merger settlement. Quoting sources close to the negotiation, US business publication CNBC reviews that the two events are in “fluid” talks to revise the phrases of the merger, reducing the general value of the deal from $US135 per share to $130–133 per share. In a statement launched on its website, LVMH administration expresses “surprise” at Tiffany & Co.’s authorized filing within the US, calling it “completely unfounded” and “communicated in a misleading way to shareholders and… defamatory”.

  • When French luxurious conglomerate Moët Hennessy Louis Vuitton acquired Tiffany & Co. in January, LVMH management immediately signalled that big changes have been afoot, whether or not clients liked them or not.
  • He mentioned the HVGT was not appropriate for the Indian jewellery business and hoped establishments like his could be exempted from it.
  • Gemological Science International declares the successful completion of its first superior gemology program, The Colored Stone Professional Program.
  • As of date, CaratLane is a subsidiary of Titan wherein it holds a ninety nine.64% stake.
  • India’s CPD exports are anticipated to hit a five-year low in FY24 with a 25-30% dip to $15-$16 billion.