Diamond and jewellery maker, Gitanjali Gems’ wholly owned subsidiary – Gitanjali Lifestyle – has decided to set up a joint venture company in India in collaboration with Damas LLC, Dubai. This joint venture will be engaged in retail trading of all kinds of jeweleries and related accessories.
Further, Damas LLC, Dubai has received necessary approval from Foreign Investment Promotion Board on June 4, 2009 for setting up the said joint venture in India.
Gitanjali Gems owns a portfolio of brands such as Gili, Nakshatra, Asmi and D’Damas in India. The company has operations spread across in countries such as USA, UK, Belgium, Italy and the Middle East to Thailand, South East Asia China, and Japan.