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Lazare Kaplan Diamonds Signs New Agreement
Lazare Kaplan International (LKI) has signed a cooperation agreement with NamGem Diamond Manufacturing Company for cutting and polishing diamonds in Namibia.
Under the terms of the agreement LKI will provide marketing and technical manufacturing assistance to NamGem. A statement issued this week said LKI will purchase rough diamonds and supervise the manufacturing of those deemed suitable to cut and polish. LKI will also pay NamGem for manufacturing on a fee for service basis.
All rough and polished diamonds will be bought and sold by LKI for its account. "LKI understands the strategic importance of NamGem to the people and the government of Namibia and looks forward to a close and successful cooperation," said Leon Tempelsman, president of Lazare Kaplan International Inc in the statement.
Lazare Kaplan International Inc. sells its diamond and jewelry products through a worldwide distribution network. The company says it is noted for its ideal cut diamonds which it markets internationally under the brand name, Lazare Diamonds.
Via: The Economist.
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