Israel-based diamond industry company The Dalumi Group has acquired online diamond and luxury jewelry e-commerce brand Zoara.com, according to a press release. According to Dalumi, Zoara has sales in over 40 countries and specializes in online sales of loose diamonds, diamond engagement rings and diamond jewelry.
Zoara CEO Tomer Tzach said: “Dalumi’s position as a DTC site holder and diamond manufacturer will provide considerable advantages to customers as Zoara can now offer the most competitive prices to its end consumer. Dalumi’s involvement in the international diamond markets spans rough diamond sourcing, manufacturing and distribution, to marketing and even branded lines.This expansive operation will contribute to optimizing Zoara’s sourcing and production”.
Dalumi Managing Director Kobi Itzchaki said that “the acquisition will provide Zoara with direct access to wholesale suppliers with the highest quality diamonds in the industry”. Zoara will present an updated online product catalog of luxury diamond jewelry and over 200,000 loose diamonds – an offering unprecedented in its volume and variety in the market.
