International News
Pandora Unveils $150 Million Mega-Factory In Vietnam
Dubbed The World’s Largest Fine-Jewelry Crafting Facility, The 7.5-Hectare Site Boasts Over 50,000 Square Meters Of Operational Space In The Vietnam-Singapore Industrial Park III.
Pandora is officially expanding its manufacturing footprint beyond Thailand. The Danish jewelry giant has opened a $150 million, state-of-the-art production facility in Ho Chi Minh City, Viet Nam—a landmark move company leaders are calling “an important new chapter.”
Vietnam was selected for its rich jewellery-making heritage, highly skilled workforce, robust infrastructure, and welcoming business environment.
Here is a quick look at what this expansion means by the numbers:
- World’s Largest: Dubbed the world’s largest fine-jewelry crafting facility, the 7.5-hectare site boasts over 50,000 square meters of operational space in the Vietnam-Singapore Industrial Park III.
- Massive Output Boost: Once fully operational, the plant will produce up to 60 million pieces of jewelry per year, boosting Pandora’s overall manufacturing capacity by 50%. For context, Pandora sold 112 million pieces in 2025.
- Global Footprint: As Pandora’s fourth factory, the site will eventually supply roughly one-third of its total global capacity, significantly mitigating the supply-chain risks of relying solely on Thai facilities.
- Job Creation: The facility aims to hire 1,000 workers by the end of this year, eventually growing its workforce to 7,000 people.
International News
De Beers Assumes 100% Control Of Gahcho Kué Diamond Mine
A Global Slump In Diamond Demand Hit The Company Hard. Its Revenue Dropped 42% In 2025, and Average Diamond Prices Plummete
De Beers is taking 100% control of the Gahcho Kué diamond mine in Canada’s Northwest Territories. Its partner, Mountain Province Diamonds, was facing major financial trouble and agreed to hand over its 49% share in exchange for being cleared of all its debts to De Beers.
Here is why Mountain Province ran into trouble:
Falling Diamond Prices: A global slump in diamond demand hit the company hard. Its revenue dropped 42% in 2025, and average diamond prices plummeted—falling to just $36 per carat in the second quarter.
Massive Debt: Mountain Province was struggling to pay back tens of millions of dollars in short-term loans. Ratings agency S&P warning that the company was at high risk of defaulting on its debts.
Cost-Cutting and Emergency Funds: To stay afloat, the company paused expansion plans at the mine, delayed payments into environmental cleanup funds, and sold future diamond sales rights to major investor Dermot Desmond (an Irish billionaire) for quick cash.
Despite selling twice as many diamonds recently, prices were too low to cover their debts.
CEO Jonathan Comerford explained that trade tariffs and Middle East conflicts crushed diamond prices, leaving handing over their share of the mine as the best option to cancel liabilities and secure local jobs.
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