The company is looking to pay in the range of $80 million to $90 million for the Chicago-based jewelry chain, which recently filed for bankruptcy protection, according to the publication.
Gitanjali’s bid for
In 2006, the company acquired US-based Samuels Jewelers.
Whitehall Jewelers Holdings, which operates
Gitanjali Gems's principal activity is to manufacture, export, and market jewelry, according to Thomson Financial. It operates in two segments namely: Diamonds includes manufacturing and export of cut and polished diamonds and sales in local market. Jewelry includes manufacturing and export of plain gold and diamond studded jewelry. The Group markets its products under the brand names namely D'Damas, Asmi, Sangini, Nakshatra, Gili, Giantti, and Collection G. The diamond manufacturing facilities are located at Borivali in Mumbai and at