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Gitanjali Gems acquires assets of DIT Group S.p.A, Italy

13 Jun 2011 Evaluate

Gitanjali Gems has officially acquired the assets of DIT Group S.p.A, Italy which is engaged in the Jewellery manufacturing and sale business. This company along with the trust constituted as operating vehicle that is 'BLU S.r.l.', a company governed by Italian law with headquarters in Milan, Via Podgora no. 16, registered with the Business Register of Milan, tax code and VAT reg. no. 06704710968.

Recently, Gitanjali Group has signed an agreement with Emonte for selling Italian luxury pen brand - Visconti through its retail jewellery stores across the country on an exclusive basis. With this new partnership, Gitanjali Group has taken a step forward in the sphere of luxury lifestyle retailing, where the company is already offering consumers high-end Italian jewellery and watch brands.

Gitanjali Group's 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.

Peers
Company Name CMP
Titan Co 4408.35
Kalyan Jewell.India 405.15
Rajesh Exports 126.80
Senco Gold 317.30
Thangamayil Jeweller 3800.90
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