Here’s some exciting news for Indian entrepreneurs in the gems and jewellery industry. K. Girdharlal a fourth-generation diamond manufacturing house, has tied up with Kwiat, the renowned diamond jeweller from Northern America to bring FlexFIN program into India. FlexFIN provides collateralized financing to the gems and jewellery trade introducing the first-of-its-kind product to the Indian market.
FlexFIN presents a unique and viable option for companies looking for short-term capital, as well as those with large valuable inventories uninterested in or unable to obtain traditional bank loans. K. Girdharlal will administer the intake and valuation and help create sustainable working relationships. The process is simple, straightforward, and discreet.
Girdharlal, better known as KG, was established in 1967 as a diamond trader. In the early 1990’s they turned to cutting and polishing diamonds in India’s diamond capital, Surat. KG is one of India’s leading diamond manufacturers, housed in the industry’s first Platinum facility rated by the Indian Green Building Council (IGBC).
Kwiat is a 113 year-old, family owned and operated diamond jewellery house based in New York City. They design and manufacture jewellery under the Kwiat brand name that is sold through their wholesale network of retail partners as well as at their flagship boutique on Madison Avenue. They maintain an inventory of diamonds, including larger important stones.
Russell Kwiat, COO of Kwiat said, “We are excited to partner with a great family and company in order to bring a first of its kind financial product to the Indian polished market. Adding liquidity to the diamond market in this win-win scenario is very exciting to be a part of.” Through FlexFIN, Indian manufacturers will be able to obtain financing, as well as have direct access to Kwiat’s North America distribution.