Blackstone Group Acquires Diamonds Direct

Finance and Trade
18/11/2015 07:34

Private equity fund Blackstone has bought Diamonds Direct which opened its first operation in the United States in 1995, and now has seven locations in America selling diamonds directly to the end customer from a manufacturing facility in Israel. The acquisition follows Blackstone's purchase of a stake in mining firm Stornoway Diamonds and a minority ownership interest in the Renard diamond project.