Acquires Assets

May 12, 2006 Acquires Assets

Online jewelry retailer acquired the assets of the online e-commerce site, which sells diamond engagement rings, loose diamonds and other jewelry, from Odimo Inc., which also operates plans to continue to operate the brand. The company's CEO Shmuel Gniwisch said in a release that's customers are primarily women, and that the acquisition of allows the company to continue offering a wide selection and high-end goods to current customers as well as the growing number of male online jewelry shoppers. recently completed a round of financing from venture capital firm Venture Partners in Bellevue, Wash.

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