Richline Group, a wholly-owned subsidiary of Berkshire Hathaway acquired The Aaron Group business. The Aaron Group is a leading jewelry manufacturer and marketer. The acquisition is effective January 11th.

“The Aaron Group’s differentiated, prime-manufactured products will offer Richline’s retail partners a dramatic new range of options and increased value, while preserving the legacy of customer satisfaction that both companies prioritize,” said Dave Meleski, Richline Group’s President.

Per Aaron Group President, Robert Kempler, noted that “Richline Group support will enable The Aaron Group to grow faster, introduce new designs and collections more rapidly, and expand on our history of success by reaching a broader array of customers and markets. Our mutual goal is to anticipate, foster and drive positive change in our industry.”

Founded as Samuel Aaron Jewelry in 1950, the Aaron Group has grown from its New York City roots into a widely renowned, vertically integrated international jewelry manufacturer. Under the stewardship of third-generation leader Robert (Bobby) Kempler, it has achieved stature as a major global force, with operations, factories, partnerships and hundreds of employees in New York, London, Mumbai, Hong Kong, and Guangzhou.

Richline’s CEO, Dennis Ulrich, said “this acquisition will allow The Aaron Group to continue as the leader of bridal, three-stone and fashion diamond and gemstone fine jewelry while leveraging Richline’s advanced capabilities across our entire jewelry value chain”.