24 Aug 2019
DiamondWorld Directory
Home |
News
Home
Rosy Blue Acquires Minority Share in Leo Schachter
The two companies are seeking to create operational efficiencies by tapping into each other’s vast processing and administrative infrastructure around the globe with a view to delivering even better value to our respective clientele, said a statement.
By: Diamond World News Service
|
Apr 18 2018 12:39PM
|
Reference: 16273  

DecreaseIncrease

Leo Schachter has reportedly said that Rosy Blue has become a minority investor in its business.

The transaction is expected to close soon, the Leo Schachter firm said in a statement. However, details of the transaction have not been disclosed.

The two companies are seeking to create operational efficiencies by tapping into each other’s vast processing and administrative infrastructure around the globe with a view to delivering even better value to our respective clientele, said a statement.

Leo Schachter will continue to operate independently under the Schachter family’s majority ownership, by its principals and the leadership of the current executive team.

"From its inception in the diamond business 65 years ago, our two families have been blessed in identifying enduring partnerships where hard work, merged with diverse talents and ways of thinking, have produced excellent results. We feel that the relationship and collaboration which we have enjoyed with the Rosy Blue family for over two generations will produce a unique and innovative platform for the demands of today's diamond industry,” said Elliot Tannenbaum, Principal at Leo Schachter in a statement.

Amit Bhansali, Managing Director of Rosy Blue NV said in a statement., “Rosy Blue has enjoyed a very long and trusting relationship with Leo Schachter thanks to our shared values built on hard work and integrity. The forward-thinking and responsible nature of Elliot and his team will be a great benefit to Rosy Blue as we navigate the evolving market.”

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16692
GJEPC Chairman Interview
Views: 15484
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22352
Promo for IJ Awards 2012 at NDTV Profit
Views: 35201
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38629
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12873
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36641
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34590
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: