Rapaport News



Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

Laxmi Combines Two U.S. Divisions

Jan 15, 2015 12:05 PM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT...  Diamond and jewelry manufacturer The Laxmi Diamond Group will combine its two U.S. divisions -- Sumit Diamond Group and Suberi Brothers -- as part of a strategic development plan.  The combined operation will be run  from Sumit’s existing premises at 592 Fifth Avenue in Manhattan. 

With the reorganization, the company seeks to pool talent and resources while elevating the level of product and service offered to its customers, according to its related announcement.  The new division will  be  led by Nick Parekh, Amit Javeri and Nitin Gajera and offer retailers a wide array of both bridal and fashion jewelry. 

Laxmi Diamond stated that its 2014 acquisition of a stake in Sumit Diamond Corporation, followed by this restructuring plan, is a strong indication of the company's outlook for the U.S. jewelry market since the nation leads the world in retail jewelry consumption.

Tags: diamonds, Jeff Miller, laxmi, new york, operations, sightholder, wholesale
Similar Articles
Alrosa KristallAlrosa to Restructure Manufacturing Business
Dec 17, 2019
Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing...
Zvi Yehuda: The Industry’s Idea Man
Rough Slowdown Weighs on Asian Star
KGK Opens Angola Cutting Factory
Dubai Conference Tech PanelDiamond Manufacturers Must Brace for Automation
Oct 31, 2019
Imagine the following: A diamond-mining company operating with self-driving trucks...
Sarine Anticipates Return to Profitability
Synova Launches Automated Cutter
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us