March 4, 2000
Intergold To Market Ekati Diamonds
Intergold and Arslanian Cutting Works announced Intergold
will market ACW's cut and polished gem-quality diamonds from the Ekati
diamond mine in Canada's Northwest Territories, beginning in the third
quarter of 2000.
Intergold is a designer, manufacturer and marketer of precious and
non-precious metal custom jewelry. ACW, one of the three designated
purchasers of the premium quality Ekati rough, cuts and polishes the diamonds in
Yellowknife. ACW has operations in key diamond centers, including
The agreement will allow Intergold access to more than US$25 million of cut
and polished diamonds annually, with a retail value in excess of that.
"We are utilizing our existing technology and craftsmen at our plants,
already versatile in both high-end and emblematic jewelry in which we are
continuing with an aggressive business plan," says Miran Armutlu,
president and CEO of Intergold. He says the two companies will explore
ways to expand their business relationship.
- by Mark E. Dixon