Polished imports into U.S. increase 86% in value in March 2010

Volume of polished imports increases 63%

Post By : Diamond World News Service On 13 May 2010 10:27 AM
In a recent development at Kimberley, Gem Diamonds Australia, a unit of Gem Diamonds acquired 81.51% shares in Kimberley Diamond Co NL, by making a cash offer of 0.70 aud per share. Gem Diamonds said the deal was an unconditional takeover offer and it valued Kimberley at Aus$300 million (around US$265 million), according to a report by Thomson Financial.%%The parent company, Gem Diamonds mentioned that after Gem Diamonds Australia acquires 90% stake of issued shares in Kimberley, it intends to own the remaining 10% and de-list Kimberley from the Australian Stock Exchange, while withdrawing its admission to trade on AIM.

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