Bank Of Baku

“De Beers” company opens representation in Azerbaijan

“De Beers” company opens representation in Azerbaijan
# 03 November 2011 08:21 (UTC +04:00)
Taxes Ministry told APA that “De Beers Azerbaijan” LLC was registered in October. Its authorized capital makes AZN 2,000. Legal address of the LLC is located in Sebail district of Baku city. Founders of “De Beers Azerbaijan” LLC are Piriyev Nasib Nizami and Asadova Durdane Ogtay.

Remind that, De Beers is a family of companies that dominate the diamond, diamond mining, diamond trading and industrial diamond manufacturing sectors. The Diamond Trading Company, the rough diamond sales and distribution arm of the De Beers Group, sorts, values and sells approximately 40% of the world’s rough diamonds by value. In 2001, De Beers entered into a retail joint venture with French luxury goods company Louis Vuitton Moet Hennessy (LVMH) to establish an independently managed De Beers diamond jewellery company.
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