Fabrikant to enter into joint venture with Tara Jewels

M. FABRIKANT & SONS INC., headquartered in New York M. which was established in 1895 and it is currently a Diamond Trading Company has announced it is moving forward with Tara Jewels of India in a new venture to be called Fabrikant-Tara International LLC, and includes the operations of Fabrikant�s subsidiary Fabrikant-Leer International Ltd

Matthew Fabrikant Fortgang, president and CEO of Fabrikant is reportedly very excited about the new operation as they have had a long and rewarding relationship with Rajeev Sheth, chairman and managing director of Tara. The new venture with Fabrikant will be headed by Larry Weinman, an industry expert with over 30 years of manufacturing, design and merchandising experience.

Fortgang has assumed all day-to-day responsibilities as chairman of M. Fabrikant & Sons, succeeding his father Charles Fortgang, who will take on the role of "chairman � emeritus" and will continue to help guide and advise the company. As a further step in its worldwide business review, Fabrikant has executed an agreement with its domestic lenders as to the basis for their ongoing relationship. Fabrikant is currently in discussions with its foreign lenders to obtain a similar understanding.
M. Fabrikant & Sons was established in 1895 and it is currently a Diamond Trading Company