Gitanjali Group has undertaken consolidation exercise of group’s US business by way of merger of its US based subsidiaries / step down subsidiaries. This consolidation exercise is undertaken with a view to reduce cost and improve efficiency of operations.
The group has undertaken merger of Abbey USA LLC and Tri- Star Worldwide LLC into Gitanjali USA, Inc. and later the name of the surviving entity has been changed to Tri- Star Worldwide Inc. It has also undertaken merger of Diamlink Jewelery Inc. and Jewelery Marketing Company LLC into Diamlink Inc. and later the name of surviving entity has been changed to Jewelery Marketing Company, Inc.
Gitanjali Gems is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewelry and plain gold jewelry.