De Grisogono could not secure a buyer despite talks that lasted several months
Creation I, featuring a 163.41 carat D-Colour Flawless diamond, and created by Swiss jewellers De Grisogono, during a photocall at Christie's auction house in London on October 3, 2017, ahead of its auction in Geneva on November 14. File photo: AFP/DANIEL LEAL-OLIVAS
, the company said on Wednesday. The failed negotiations forced the company to file for creditor protection with Swiss authorities, which if accepted will affect 65 jobs in the nation, the company said. Angola’s prosecutor-general named Dos Santos as a suspect on January 22 in an investigation into alleged mismanagement during her 18-month stint as chair of state-owned oil company Sonangol. An Angolan court separately froze her local assets and those of her husband, as prosecutors alleged that they engaged in illicit transactions with state-owned companies that cost the government $1.14bn.
A spokesperson for De Grisogono didn’t immediately respond to a request for comment on the allegations against the jeweller’s shareholders or on the exact nature of the company’s ownership structure. Sodiam said in 2017 it would divest its stake in De Grisogono “for reasons of public interest and legality”.
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