Major jewellery retailer Pure Gold Jewellers has pledged US$1 million to help secure the release of debt-laden prisoners in the UAE. Firoz Merchant, founder and chairman of Pure Gold, recently visited the Ajman Central Jail to secure the release of the first batch of 132 prisoners whose debts, worth AED 150,000 (about US$41,000) in total, Read More →

Lucapa Diamond Company Ltd has acquired a 70-percent stake in Mothae Diamonds (Pty) Ltd, which holds mining rights to the Mothae kimberlite diamond project in Lesotho, South Africa. Lucapa Managing Director Stephen Wetherall said the acquisition is in line with Lucapa’s strategy of continued growth as a diamond producer. Mothae complements the high-value Lulo diamond Read More →

International comic artist Pat Lee has tried his hand at jewellery design with impressive results. Lee, known for his work on the Transformers franchise, and various Marvel and DC comic titles, recently designed a jewellery series inspired by Egypt’s rich history. The collection consists of 30 one-of-a-kind pieces, which drew upon various signs and symbols Read More →

Chinese jeweller Chow Tai Seng is planning to go public in Shenzhen in a bid to raise RMB 1.46 billion (around US$210 million), which will be used to fund the retailer’s expansion plans, according to a recent report. The company is eyeing to strengthen its presence in lower-tier cities to further boost growth through the initial Read More →