The KGK Group began the year 2016 by acquiring a diamond and jewellery company and adding it to its portfolio.  Ausdiam Pty Ltd., the new acquisition of the KGK Group, is an Australia-based company.  KGK, in its press release making the announcement said that the   new addition would henceforth be known as KGK Ausdiam Pty Ltd. This acquisition takes KGK’s global presence to 16 countries (from the current 15) and expands its footprint across six continents as against the five it operated in earlier.

Ausdiam is a wholesaler of diamonds and fine jewellery, dedicated to serving the jewellery industry “by providing beautiful and high quality products in the most efficient way”, KGK said about the new addition. 

Sanjay Kothari, Vice Chairman of KGK, who has been behind the strategy for, and has spearheaded, the recent global expansion of the KGK Group commented: “It gives me immense pleasure that our efforts have played a vital role in expanding KGK’s global presence. Ausidam is known for their fine product range and it is an honour for us that they would now be operating as part of our KGK family.”