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Diamonds Direct Buys Dallas Jeweler

Nov 7, 2016 6:51 AM   By Rapaport News
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RAPAPORT... Diamonds Direct acquired Dallas-based Diamond Doctor, continuing its aggressive expansion into the U.S. retail space.

Diamonds Direct, based in Charlotte, North Carolina, was bought by private equity firm Blackstone Group last November. Since then it has opened branches in Oklahoma City, as well as in Charleston and San Antonio, Dallas News reported. The acquisition gives Diamonds Direct its 10th store and third in Texas.

Diamonds Direct “brings resources to Dallas that are unrivaled in the industry,” said David Blank, owner of Diamond Doctor.

Terms of the deal were not disclosed.
Tags: Blackstone Group, Charleston, charlotte, dallas, David Blank, Diamond Doctor, Diamonds Direct, M&A, mergers and acquisitions, North Carolina, Oklahoma City, private equity, Rapaport News, retail, san Antonio, texas, u.s.
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