Home / Knowledge / News / Fashion / Dynamix Jewelry to buy JewelAmerica
Dynamix Jewelry to buy JewelAmerica
Sep '08
The Dynamix Jewelry Group, a jewelry manufacturer based in India, announced it has entered into an agreement to acquire all of JewelAmerica Inc in a transaction being completed next month.

Last year, the Dynamix Jewelry Group, with interests in several jewelry manufacturing and chain producing factories in India, made an initial investment in JewelAmerica through an affiliated company.

Dynamix has been expanding its jewelry interests over the years and believes the time is now right to integrate JewelAmerica with its other global business interests.

JewelAmerica is a leading designer, manufacturer and distributor of precious metal jewelry including rings, earrings and necklaces set with diamonds and color stones sold primarily to volume retailers through its five divisions: Jewelmont/Jene, Oro Dall 'Italia, Jana, Baith and Astoria.

JewelAmerica was founded in 1981 by Zvi and Rachel Wertheimer and several years later they partnered with Israel Ashkenazy. Together, the three founders expanded the company from specializing in gold jewelry to selling other popular priced diamond and color stone jewelry.

The founders will have continuing roles in JewelAmerica as Rachel Wertheimer and Israel Ashkenazy will remain as senior executives in sales and merchandising.

John Esposito, who joined the company as Chief Financial Officer in 2007, has also become Chief Operating Officer as JewelAmerica looks to avail itself of the synergies afforded by this transaction.

Commenting on the transaction, Zvi Wertheimer, Chief Executive Officer of JewelAmerica, said "After a one year association with Dynamix, it was clear that, to compete in the ever changing U.S. jewelry market and to provide the best service to our valued customers, this transaction was the next logical step for the growth of the business."

JewelAmerica Inc

Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search