Simply Diamonds, a division of Jay Gems in New York, announces a deal to acquire a manufacturer of colored gemstones and diamond jewelry MA Reich & Co., including its wholesale and production units, Rapaport reports. Terms of the deal were not disclosed.
MAReich is one of the oldest producers of colored gemstones and jewelry for men, whose history dates back to 1919. The company's head office is in New York, and the branch office is in the city of Buffalo, New York.
Simply Diamonds is engaged in the manufacture of diamond jewelry, owning the enterprise and the office for the purchase of diamonds in India. The company is known for its brands Steal Her Heart ™ and Heartbeat ™.