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November 21, 2012 at 13:23 PM EST
Precious Deals: Old Jewelers and New Mines Hook Up
MINYANVILLE ORIGINAL Gemfields (LON:GEM) (PINK:GFLD) announced it will buy Fabergé for $142 million from the Pallinghurst Group. Pallinghurst had purchased the jeweled egg and perfume maker which traces its roots back to the era of the Russian czars for $38 million from Unilever (LON:ULVR) (NYSE:UN) in 2006.  Brian Gilbertson owns 100% of Pallinghurst a mining investment group listed on the Johannesburg Stock Exchange and up to 63% of Gemfields including shares of investors associated with him Rox Limited. In 2007 Gemfields acquired a Zambian emerald mine for Rox Limited. The deal will put Gilbertson’s share of Gemfields which bills itself ...
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