“Acquisition” is not a word that typically evokes warm feelings, even in the jewelry industry. But when relationships go way back, as they have for Simply Diamonds and M.A. Reich, it’s about more than business.
Diamond jewelry manufacturer Simply Diamonds, a division of Jay Gems in New York, recently purchased M.A. Reich & Co.’s wholesale and manufacturing division. M.A. Reich, founded in 1919, is one of the oldest manufacturers of colored stones and men’s fine jewelry. The company’s President Vinnie Davis and Vice President Bill Reich remain with the company, working out of a four-person satellite office in Buffalo, N.Y., which will focus on marketing aspects.