Blackstone acquires Diamonds Direct

In a major development, the funds managed by Blackstone Tactical Opportunities have acquired Diamonds Direct, a leading independent jewellery company. Headquartered in Charlotte, NC, Diamonds Direct is a leading U.S. independent jewelry retailer with a long and well-established history in diamond sales and manufacturing.  In the last seven years, the company has grown from one location in Charlotte to a multi-channel retailer with seven locations across the United States complimented by an online e-commerce storefront.   

As Chief Executive Officer Itay Berger says, “This is a very exciting day for Diamonds Direct.  Diamonds Direct’s partnership with Blackstone will enable us to continue to deliver unparalleled service and unbeatable prices.  We are thrilled to begin a new chapter for our employees and customers with Blackstone as we enter a new phase of growth.” 

Jasvinder Khaira, Managing Director of Blackstone Tactical Opportunities, also echoed the same sentiment, “Blackstone is extremely excited to partner with Itay and the existing management team to accelerate the Company’s growths. Providing capital to entrepreneurs is a hallmark of Blackstone’s growth investments and we look forward to working with the Diamonds Direct team on their continued success and growth.”