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Chow Tai Fook Jewellery says to buy US diamond jeweller for $150 mln
1. Chow Tai Fook Jewellery says to buy US diamond jeweller for
$150 mln
HONG KONG, June 18 (Reuters) - Hong Kong's Chow Tai Fook Jewellery group Ltd stated about
Wednesday it's got agreed to purchase U.S.-based diamond jeweller Hearts about Fire Co with
regard to $150 million in the transfer for you to extend its high-end item range.
Chow Tai Fook, the particular world's largest jewellery merchant simply by industry value, said in a
statement it will acquire one hundred % of the supplier regarding bridal and manner jewellery
through co-founder Glenn Rothman as well as other investors. Proven inside Boston in 1996, Hearts
Unstoppable goods are purchased from 31 countries.
Hearts about Fire reported audited net http://www.homeshop18.com/fashion-jewellery-store revenue
regarding $104.8 million with regard to 2013, up via $99.3 million annually earlier, Chow Tai Fook
said. about 75 % associated with its jewellery revenue within 2013 were priced among $1,000 and
$10,000, with most the nearly almost all of the particular remainder online jewellery shopping
carrying value tags higher than $10,000.
Chow Tai Fook in Tuesday reported a 32 % jump throughout its gain for the year ended March,
assisted by simply strong need for gold goods early last year. (Reporting by simply Donny Kwok;
Editing by Kenneth Maxwell)