Home Retail Gitanjali Gems acquires Nakshatra Diamonds

    Gitanjali Gems acquires Nakshatra Diamonds

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    Gems Ltd, one of the biggest retailers of branded diamond and gold jewellery, has completed acquisition of – a brand previously owned by DTC.

    Odisha govt approves Gitanjali Gems' industrial park
    In February 2016, Gitanjali gems had proposed setting up a gems and jewellery processing unit during discussions with an Odisha state delegation

    Gitanjali aims to position Nakshatra as a known lifestyle brand worldwide by introducing accessories including designer bags, watches and belts.

    “With this acquisition we want to move up in the industry, and offer a wide range of products to our customers,” , chairman, , said in a statement.

    David Rudlin, director of international markets, De Beers Group Marketing, said, “We are happy to see the successful conclusion of the transfer of the brand to Gitanjali Ventures, an important partner in its success.”

    Gitanjali had earlier introduced renowned brands such as , D’Damas, , and Gianti in the Indian market.