Manufacturer and importer of loose diamonds purchases office space.
New York manufacturer and importer of loose diamonds, House of Diamonds Inc., has announced its purchase of office space at the International Gem Tower.
The tower, which is being developed by Extell Developed Company, is a 21st century industry facility in New York’s Diamond District that is seeking to return the city to the forefront of the global diamond market.
House of Diamonds is the New York office of Prem Chand Group of Companies, a multinational diamond manufacturing and exporting family of companies, with offices in Hong Kong, Thailand, Mumbai, Jaipur, China and New York.
Prem Chand Group of Companies director Sanjeev Jain said: "We see significant value in having an office in the International Gem Tower. Every diamond center around the world already has at least one major hub where the industry comes together to conduct business. The International Gem Tower is filling that void in New York City and will create instant value for our business and the trade as a whole."
Extell Development Company senior vice president Raizy Haas added: "House of Diamonds’ decision is a clear vote of confidence from the Indian diamond community. The most modern, sophisticated and beautiful building in its league, the Gem Tower will allow businesses around the globe to operate with higher efficiency, increased productivity and state-of-the-art security."