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”.
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.