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Gitanjali Gems incorporates step-down subsidiary company in Singapore

14 Mar 2012 Evaluate

Gitanjali Gems through its Hong Kong based wholly owned subsidiary 'Aston Luxury Group', has incorporated 'Leading Singapore Jewels' in Singapore. The company has incorporated it with a view to expand its business in Singapore and Far Eastern regions. The main activity of 'Leading Singapore Jewels' is retailing and distribution of jewellery.

Recently, Gitanjali Gems had merged Giantti ltalia s.r.l, a Milan based subsidiary of the company with a leading ltalian Jewels s.r.l., another subsidiary of the company based at Valenza, ltaly. This merger was part of ongoing exercise of re-aligning and restructuring of international business of the company.

Gitanjali Group has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices ones, jewels and jewellery.

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