Foreign funds buy nearly 5mn more PNJ shares after diamond case findings in Vietnam
Economy 16:42 25/08/2026A group of foreign investors affiliated with T. Rowe Price Associates has purchased more than 4.85 million additional shares of Phu Nhuan Jewelry JSC (PNJ), raising its stake in the Vietnamese jewelry retailer to 6.02 percent.
Ho Chi Minh City jewelry outlets shut down amid liquidity crunch, regulatory crackdown
Ho Chi Minh City 16:03 31/07/2026A growing wave of gold and diamond retailers across Ho Chi Minh City have shuttered their doors, caught in a double squeeze of surging customer sell-backs that have drained cash reserves and fears of an impending regulatory crackdown.
Vietnam’s jeweler PNJ spends over $265mn buying back gold, diamonds
Economy 16:34 29/07/2026Vietnam’s listed jewelry maker Phu Nhuan Jewelry JSC (PNJ) has spent more than VND7 trillion (US$265 million) buying back PNJ-branded gold and diamond products from customers since the beginning of July, as a surge in resale demand put pressure on the company’s liquidity.
Diamond market turmoil forces around 30 Ho Chi Minh City businesses to suspend operations
Economy 19:01 27/07/2026Around 30 diamond businesses in Ho Chi Minh City have suspended operations since early July amid severe cash flow pressure and a surge in customers seeking to sell back diamonds, while authorities have urged consumers to remain calm and carefully consider transactions with licensed businesses.
Diamonds and a test of market trust in Vietnam
In-Depth 15:57 25/07/2026Just as a transnational smuggling ring involving more than 3,400 diamonds came to light, Vietnam's Ministry of Industry and Trade announced a plan for thematic inspections of five businesses trading in precious metals and gemstones, following directives from the Anti-Money Laundering Department under the State Bank of Vietnam.
Maker responds to fake diamond allegations over Vietnam’s $114,000 pageant crown
Vietnam Life 14:13 24/07/2026The maker behind the crown awarded at the 2023 Miss Business Global pageant has rejected allegations circulating on social media that the piece valued at VND3 billion (US$114,000) was made with fake diamonds.
Vietnam’s jeweler PNJ divests entire stake in Cashion’s parent company
Economy 18:47 21/07/2026Vietnam’s listed jewelry maker Phu Nhuan Jewelry JSC (PNJ) has divested its entire stake in Golden Friend JSC, the parent company of diamond retailing chain Cashion, citing overlapping business activities after Golden Friend expanded into jewelry and diamond trading, according to PNJ’s press release on Monday.
Vietnam diamond market faces transparency crisis after smuggling scandal
Economy 14:25 17/07/2026Vietnam’s diamond market has long operated on consumer trust rather than on transparent pricing and standardized valuation, so when that trust is shaken, consumers bear the greatest risk, according to market experts.
Vietnam police charge 3 jewelry store owners in cross-border diamond smuggling investigation
Ho Chi Minh City 11:08 15/07/2026Vietnamese investigators have charged the owners of three prominent jewelry businesses, including Kim Ly, Ngoc Tam, and Ngoc Chau Au, in Ho Chi Minh City, following an expanded probe into a transnational diamond smuggling network allegedly operated by Indian nationals from Hong Kong.
VinaCapital exits major shareholder status in Vietnamese jeweler PNJ after share sale
Economy 15:13 11/07/2026Funds managed by VinaCapital, a leading investment management firm in Vietnam, have ceased to be major shareholders in Vietnam’s listed jewelry maker Phu Nhuan Jewelry JSC (PNJ) after selling more than three million shares on Wednesday.
Vietnam imports over $121mn worth of diamonds in H1
Economy 16:16 09/07/2026Vietnam imported diamonds worth more than US$121.5 million in the first six months of this year, with India being the country’s biggest supplier, according to preliminary data released by the Department of Vietnam Customs on Wednesday.
