An important event this week is that LVMH and Tiffany reached an agreement through a series of "indirect negotiations" to reduce the purchase price from $65,438+035/share set last year to $65,438+0,365,438+0.50/share. As a result, the acquisition seems to have dawned again, and the CEOs of both parties have begun to express some confidence. In fact, spectators understand that there is no deep hatred between the big brothers, only wealth transactions. Let's just watch.
To some extent, LVMH is indeed a good destination for Tiffany, and this merger is beneficial to both parties. No matter how they pass the EU antitrust audit, once the acquisition is successful, LVMH and Tiffany will unite in the future and have a stronger dominant position in the retail market.
Another very important thing is that BlueNile, the world's number one diamond e-commerce, began to sell the cultivated diamond jewelry of Lightbox brand. We also wrote an article a few days ago to discuss this, which caused some shock in the industry. Lightbox is an artificial diamond retail brand owned by De Beers. In 20 18, a large number of peers were hit at a low price of $800/carat, forcing the terminal retail price of cultivated diamonds to plummet. For many practitioners, Lightbox is a "program terminator". This "spoiler" is actually beneficial to the people, so that everyone can buy cultured jewelry products at low prices. However, for operators, profits have dropped a lot. After all, the profit rate of selling cultivated diamonds turned out to be very high.
BlueNile has been making classic wedding jewelry before, and now it is a very important transformation to cultivate fashionable diamond jewelry. BlueNile is the originator of diamond e-commerce, and those diamond birds in China have basically learned the model of BlueNile. Lightbox can be accepted by BlueNile, which shows that diamond cultivation products have officially entered the mainstream-although the global share is still very low at present.
BlueNile sells cultivated diamonds and jewelry to 44 countries and regions around the world, but it cannot be directly transported to the mainland of China, and it must be transited through Hongkong or Macau.
In terms of minerals, after the debt-to-equity swap, Petra's future is uncertain and her sovereignty is basically gone. Gem Diamonds finally lost money in the quarterly report, but the performance of exceeding 1/3 in the whole quarter depends on those seven big diamonds, so no one knows what will happen next season. In short, this mining enterprise ranked 456 has a hard time. It can't be compared with the top three companies such as De Beers, Airosa and Rio Tinto.
In short, the epidemic continues, and comrades have to be cautious. This is the overall situation this week. Have a nice weekend.