Diamond Manufacturers to push into Germany

Hatton Garden-based web retailer forecast to turnover £5m this year.

Online diamond jewellery retailer Diamond Manufacturers has forecast that it will turnover £5 million this year as it pushes into Germany.

The Hatton Garden-based business, which employs 16 people, has been established for five years and specialises in price-competitive diamond jewellery and loose diamonds, claiming to offer “the web’s lowest prices”.

Story continues below
Advertisement

Diamond Manufacturers owner Vashi Dominguez said in an interview with thisismoney.co.uk that the business is going through a period of growth. It already sells to 25 countries and will expand on this with the addition of a website created for the German market.

Vashi added that the next step for the diamond jewellery business will be to offer more fashion-led products.

Diamond Manufacturers has a direct supply of diamonds from cutters in Israel, Belgium, India and the US. It claims to offer prices on diamonds that are 80% less than the high street and 20% less than other online stores.

Authors

*

Related posts

Top