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Wednesday, February 14, 2007

Gitanjali Gems - Star In The Making

Gitanjali Gems Purchases Majority Stake In Tri-Star Worldwide LLC

Gitanjali Gems Ltd has informed BSE that in line with the management’s perception on expansion and further acquisition, the Company has purchased a majority interest in Tri-Star Worldwide LLC.

Tri-Star Worldwide LLC is a BHP Billiton direct customer and a CANADMARK licensee. It's a manufacturer and global distributor of Canadia® brand diamonds and diamond jewelry.

Partnering with Tri-Star will provide the Company with an opportunity to be a part of the finest "Mined in Canada" branded offering available to the market today.

Tri-Star Worldwide LLC was founded by Beny Sofer & Sons, LLC in 2002. Canadia diamonds and diamond jewelry is sold by fine jewelry retailers around the world, including Australia, Canada, England, Ireland, Northern Ireland, New Zealand, Scotland, and the United States which began as a branded loose diamond from the recently discovered rich diamond resources in the Northwest Territories of Canada and was one of the first to offer country of origin certification, along with comprehensive marketing support.

Source : Bombay Stock Exchange

Labels: Gitanjali Gems

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