Gitanjali Gems' arm Aston Luxury Group buys Crown Aim

NEW DELHI: Diamond jewellery manufacturer and a wholly-owned subsidiary of Gitanjali Gems Aston Luxury Group, has acquired 100 per cent stake on Crown Aim Limited recently.

Post this transaction, Crown Aim has become step down subsidiary of the Gitanjali Gems.

Hong Kong-based Crown Aim is engaged in the business of distribution of jewellery to China, Japan, USA, Middle East and Europe. The company also have a jewellery manufacturing unit in China and is planning to setup retailing of jewellery in China.

Moreover, Crown Aim also owns a wholly-owned subsidiary Alfred Terry Holding Limited and a step down subsidiary named Alfred Terry Limited in London for the distribution of Jewellery in UK.

Alfred Terry Limited has a wide distribution to chain stores and Independent presence in UK. It covers nearly 2000 jewellery shops.