International News
Swarovski Unveils Octagon Collection Featuring Exclusive Diamond Cut
New fine jewelry line showcases patented octagon-shaped lab-grown diamonds, merging precision craftsmanship with modern elegance.
Swarovski has introduced its latest fine jewelry line, the Octagon Collection, centered around a proprietary, patented diamond cut inspired by the brand’s iconic logo. Conceived by Swarovski’s Global Creative Director Giovanna Engelbert, the octagon-shaped cut is a fresh symbol of the brand’s evolving design legacy.
At the heart of the collection is the Swarovski Octagon Cut, boasting 57 precisely engineered facets—32 on the pavilion, 24 on the crown, and one on the table. This unique structure is designed to offer enhanced brilliance and light performance, outshining traditional emerald and baguette cuts.
The Octagon Collection features ten elegant pieces, including bezel-set laboratory-grown diamonds paired with precious metals. Highlights of the collection include a pendant in white or yellow gold, mini hoop earrings in yellow gold, white gold stud earrings, a yellow gold bracelet, and a variety of ring styles—such as solitaire rings in vertical and horizontal settings and a band ring, all offered in both white and yellow gold.
Swarovski described the new line as “a new chapter in Swarovski savoir-faire,” noting that the Octagon cut and its debut collection “balance the timeless elegance of laboratory-grown diamonds with distinctive designs, created to illuminate life’s most meaningful moments—from personal milestones to lasting commitments.”
International News
Consortium Led By Former De Beers CEO Gareth Penny Selected As The Preferred Bidder To Acquire De Beers
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers
A consortium headed by former De Beers CEO Gareth Penny has been selected as the preferred bidder to acquire De Beers, according to Botswana’s Minister for State President, Defence and Security, Moeti Mohwasa.
Speaking on the development, Mohwasa said Anglo American conducted a competitive sale process involving three shortlisted bidders before identifying the Global Diamond Consortium as its preferred choice.
Anglo American announced plans to divest De Beers in May 2024 as part of a broader restructuring strategy, driven by prolonged weakness in the diamond market and other business priorities.
The sale process has attracted significant interest from industry leaders and investors. Among those previously linked to the bidding were former De Beers CEO Bruce Cleaver, Australian mining executive Michael O’Keeffe, Indian billionaire Anil Agarwal, and Indian diamond companies KGK Group and Kapu Gems.
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers and retains important rights under the shareholder agreement. Mohwasa emphasized that Botswana has the flexibility to either join the preferred bidder as a strategic partner or exercise its pre-emptive rights independently or with another investor.
Industry observers believe the eventual owner will seek to preserve De Beers’ vertically integrated business model, spanning diamond mining, trading and global natural diamond marketing, while positioning the company to benefit from a potential recovery in natural diamond demand and prices.
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