The jeweller Damiani has opened its first own-name boutique in London at number 11 on the celebrated Old Bond Street. Number two in its country, behind Bulgari, the Italian brand is now taking a step forward in its retail strategy.
African miners Randgold Resources Ltd and AngloGold Ashanti teamed up to make a counterbid worth C$546 million ($488 million) for Moto Goldmines, which owns a project in the Democratic Republic of Congo.
Gem Diamonds Ltd said first-half sales from its South African and Australian mines were lower due to strong currencies, and that it remained cautious about demand in the United States, but its cash position was strong with no debt.
Wal-Mart Stores Inc, the world's biggest retailer, is preparing to hold a meeting to announce the development of an index that will be used to measure the environmental impact of the products it sells in its stores.
A French court will examine whether the elderly heiress to the L'Oreal fortune, Europe's richest woman, was in her right mind when she lavished gifts worth close to $1.4 billion on a younger male friend.