Tuesday, November 8, 2016

Bain Capital and Bow Street to acquired Blue Nile

In a surprise announcement, online jeweller Blue Nile has entered into an agreement to be acquired by an investor group managed by Bain Capital Private Equity and Bow Street LLC.

Bain Capital and Bow Street will acquire 100 percent of the outstanding shares of Blue Nile common stock.

The cash deal is valued at $500 million, Blue Nile stockholders will receive $40.75 in cash per share, 34 percent over Blue Nile’s closing price on November 4.

Blue Nile’s board of directors approved the deal unanimously, and recommended that stockholders vote their shares in favour of the transaction.

Wednesday, November 2, 2016

Graff Showcases the Graff Venus

The 118.78 carat type IIa diamond with no fluorescence and an excellent polish and symmetry. Is a record for a heart shape.

The diamond was polished from a 357 carat rough recovered at the Letšeng mine in Lesotho in 2015. 

Gem Diamonds sold the rough for $19.3 million to an undisclosed buyer in September that year.

Laurence Graff said “It is the most beautiful heart shape diamond I have ever seen.