KGK Group Acquires Stake in Unique Settings

RAPAPORT... India's KGK Group has bought a stake in Unique Settings, theNew York-based retailer said last week. The two companies announced the partnership at the JCK LasVegas show, noting that Unique Settings' just-in-time services - which allowthe company to deliver a finished product within seven days - complementedKGK's current offering. Unique Settings, with approximately 200 employees, specializesin bridal jewelry and wedding bands. The retailer also offers jewelrycustomization, including making changes to existing pieces, and creatingjewelry based on a sketch. While KGK plans to keep Unique Settings in the US, thecompany will relocate some back-office functions to India. KGK Group, a manufacturer of diamonds, gemstones and jewerlry, also owns Entice, Martin Flyer and Gregg Ruth.