Leading gold jewellary maker and exporter, Gitanjali Gems announced that Gitanjali Lifestyle, the 100% wholly owned subsidiary of the Company has decided to set up a joint venture (JV) company in India in association with Damas LLC, Dubai for retail trading of all kinds of jewelleries and related accessories.

Further the Company has informed that, Damas LLC, Dubai received necessary approval from Foreign Investment Promotion Board on June 04, 2009 for setting up the said joint venture in India.

Gitanjali Gems Limited, a DTC sightholder, is one of the largest integrated diamond and jewellery manufacturers and retailers in India. Its operations include sourcing of rough diamonds from primary and secondary source suppliers in the international market, cutting and polishing the rough diamonds for export to its international markets, and the sale of diamond and other jewellery through GGL's retail operations in India, as well as in international markets.

The company exports its cut and polished diamonds, and its diamond and other jewellery products to various international markets in Europe, including to Antwerp and Italy, the United States, the Middle East, as well as to markets in Asia, including Japan, China, Hong Kong and Thailand.

Courtesy: Gitanjali Gems Limited

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Posted by Naresh Koshti on 12 June, 2009 12:57:19 PM IST #