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Wednesday, 12th May 2004 (5985 views)

A new agreement between Lev Leviev and Bulgari has been announced to develop the group's diamond jewellery business.<BR/><BR/>Both plan to set up a Swiss based company owned equally by each party involved.<BR/><BR/>Bulgari Group CEO Francesco Trapani told IDEX Online: "This agreement will have a strategic role in helping us consolidate our leadership position in the jewellery world market."<BR/><BR/>It is hoped the deal will allow Bulgari to boost its diamond jewellery production and to offer the best collections in terms of quality and cost.<BR/><BR/>Last year Bulgari had a turnover of €760 million and has more than 180 stores across the world. Lev Leviev's turnover is over $2.5 billion and is the world's biggest cut diamonds producer.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2608189"/>

 

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