International News
Advent International Set to Acquire Controlling Stake in Orra Jewellery for Rs 1,750 Crore
US-based private equity firm Advent International is in advanced talks to acquire a controlling stake in Orra Fine Jewellery, a brand previously owned by India’s Rosy Blue Group, according to multiple sources familiar with the deal. The transaction, valued at Rs 1,500-1,750 crore (approximately $174-203 million), highlights the growing interest from investors in the jewellery retail sector.
Advent is expected to take a 51-75% controlling stake, with Dipu Mehta, Orra’s managing director, retaining a minority share. The private equity firm plans to take Orra public within a few years, and as part of the deal, it will assume management and voting rights.
Orra, founded in 2004 by the Rosy Blue Group, sells diamond, gold, and platinum jewellery through a network of stores across India. With design centres in global cities like Antwerp, Tokyo, New York, and Hong Kong, the company has carved out a niche in the premium jewellery market. The deal is now in the final documentation stages, with an official announcement expected soon.
International News
Paraíba Necklace To Headline Bonhams Paris Auction
81.17-Carat Cushion-Cut Neon- Blue Paraíba Tourmaline, Set In An Openwork Diamond Mount.
Bonhams will lead its October 29 Fine Jewellery sale in Paris with a Kat Florence necklace centered on an 81.17-carat cushion-cut neon-blue Paraíba tourmaline, set in an openwork diamond mount. The piece carries an upper estimate of EUR 80,000 ($89,469).
The sale will include more than 180 lots, with jewelry from Cartier, Chaumet, and Buccellati, plus colored gemstones including sapphires, rubies, and emeralds. Among the highlighted lots are a Chaumet 13.70-carat Sri Lankan sapphire ring, estimated at EUR 45,000–65,000, and a Cartier 11.50-carat Madagascar sapphire ring, estimated at EUR 40,000–60,000.
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