Israeli Diamond Portal Reports: Gitanjali to Provide Gold Loans

PRLog (Press Release) – Mar 11, 2008 – Indian Diamond and jewelry manufacturer and retailer, Gitanjali, has spread its interests to the provision of gold loans and safety deposit boxes through the incorporation of a subsidiary named Mohar Jewels.

The company provides safe deposit vaults and gold loans to entities interested in manufacturing, buying, selling, importing and exporting of diamonds and other precious stones.

Gitanjali also announced the acquisition of Renaissance Jewelry’s retail business – Lucera Jewelry. The company markets premium silver jewelry in India. Gitanjali plans to broaden the Lucera brand portfolio to accessories such as designer watches, belts and bags.

The company has recently expanded its interests in the United States and has acquired various diamond jewelry brands