Industry News by Nemesis

De Grisogono Eyes U.S. Growth With New Deal

February 13, 2017

De Grisogono, a high-end jeweler that has bought some of the world’s largest rough diamonds, has entered into a partnership for its American operations in an attempt to develop its brand in the U.S.

David and Lisa Klein, who own DLK, will manage De Grisogono USA, the Geneva-based company said on Friday. 

“After developing the brand in the U.S. for more than 15 years, the partnership with David and Lisa Klein will enable us to join forces with a key player in the jewelry business,” said John Leitao, chief executive officer of De Grisogono. “This is a great opportunity for De Grisogono to further enhance its unique positioning and unlock its full potential in the U.S.” 

De Grisogono, founded in 1993, last year bought the rights to the 813-carat Constellation rough diamond discovered by Lucara Diamond Corporation at the Karowe mine in Botswana. Earlier last year, the jeweler acquired the rights to market a 404-carat stone extracted by Lucapa Diamond Company at its Lulo project in Angola. 

De Grisogono will continue to operate its boutique store on Madison Avenue, New York, and plans to open a new location in the city in the fall of this year, the company added. 

David and Lisa Klein ran jeweler Leviev’s U.S. business prior to the De Grisogono deal and have ended that relationship, according to a report by Luxury Daily. DLK did not immediately respond to a request for comment outside working hours on Sunday.

 

Source: Rapaport

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