Richline Group companies acquired The Aaron Group, jewelry manufacturer. Conglomerate continues to drive growth through mergers and acquisitions.
The companies did not disclose terms of the deal, which was the fifth acquisition Richline in the last 12 months.
"This acquisition will enable The Aaron Group continue to be the leader in the segment of wedding jewelry, fashion and fine jewelry with precious stones, as well as allow it to use advanced Richline capabilities across our entire value chain jewelry" - said Dennis Ulrich (Dennis ulrich), CEO of Richline.
In addition to the introduction of new projects and collections faster absorption and helps to achieve faster growth, said Robert Kempler (Robert Kempler), President of The Aaron Group.
The Aaron Group Company was founded in 1950 and grew out of the New York jewelry store to the manufacturer with global operations in New York, London, Mumbai and China.
Jewelry manufacturer Richline, a subsidiary of Berkshire Hathaway, Warren Buffett, has bought four companies in the period from April to October. The last of these is the Silpada Designs, dealer silver jewelry based mothers housewives.
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Dominion Diamond Corporation reported that proven and probable reserves of diamonds Diavik diamond mine (Diavik) in Canada have been lowered by 500 000 carats in the year on year, to 52.8 million carats by the end of last year.
The decline in mineral reserves is due to the implementation of production and sampling in the period up to 31 December 2015. Included are also projected operating losses and a decrease in diamond content in the rock.
Most of the confirmed and probable resources Diavik project lies in underground mines, and is 42.6 million carats. Mining operations in the open pit mine provided about 10 million carats of reserves, according to a company statement dated 8 March.
Meanwhile, Dominion sampling conducted with a number of zones on which the active diamond mining. 3 samples were taken from the portion A-154-south (A-154 South), 16 - with a portion of A-418, and 4 - with the zone A-154-north (A-154 North)
Company Dominion Diamond possesses 40 percent share Diavik project, located in Canada's Northwest Territories, and Rio Tinto owns the remaining share of the mine. In addition, Dominion owns 88.9% of the Ekati diamond mines (Ekati), located in the same region of Canada.
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