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QUALITY GOLD ACQUIRES STAR RING, INC.

Fairfield, Ohio: Quality Gold has purchased Star Ring Inc., the Chatsworth, California supplier known for bridal and special occasion diamond and gemstone jewelry for ladies and men. Along with Star Ring, Inc., Quality Gold now owns Romance Ring, a division of Star Ring specializing in bridal sets, trios, semi-mounts and diamond wedding bands.

When Jason Langhammer, COO Quality Gold, was asked about this recent purchase he commented, “This acquisition is an important one for Quality Gold. It continues to accelerate our growth potential within the bridal and engagement sector.”

Michael Langhammer, CEO Quality Gold, says, “I have tremendous respect for the business Ken has built and the product his factory makes. They have a loyal retailer base that utilizes their styles. Quality Gold will continue where Star Ring left off. All strengths possessed will be integrated and then built upon. This acquisition complements us well and is in line with the long term strategic plan for Quality Gold.”

The Star Ring, Inc. partners, Ken Harrison, Richard Harrison and Mitchell Reiffen, will join Quality Gold in the role of Sales and Product Development. They will assist the transition team that leads the company in the expansion and introduction of designs for Star and Romance Ring in the coming year. In addition, some of the existing staff will also be asked to join Quality Gold to assist with customer care, account management and program fulfillment as plans are in place with retailers in the marketplace and their knowledge is valuable in assisting in the transition.

Quality Gold will operate Star Ring and Romance Ring as brands presented by Quality Gold. All merchandise will begin invoicing and shipping from Quality Gold in Fairfield, Ohio after June 12, 2017.

Michael goes on to say, “Ken, Richard and Mitchell know the best-selling styles. They have been part of sales meetings and negotiated with designers to meet price points. Their experience creating customized programs will benefit Quality Gold as we grow our bridal business together. We look forward to adding the Star Ring and Romance Ring brands to our company.”

When Ken Harrison, President Star Ring, Inc., was asked about selling to Quality Gold, he said, “Quality Gold will give us the resources to expand our product categories. Star Ring customers will continue to have high turning SKUs along with a constant flow of new product. Delivery and service will improve. Special order capabilities will improve. Michael and Jason are hands on and passionate about the jewelry industry. We are looking forward to working with Quality Gold to grow the Star/Romance Ring brands.”

About Quality Gold
Quality Gold, Inc. is a worldwide company founded in 1979 and headquartered in Fairfield, Ohio with operations in Fairfield Ohio; Toronto, Canada; Arezzo, Italy; and Mumbai, India. Actively serving more than 23,000 retailers across the United States, its territories and within Canada, Quality Gold offers more than 200,000 jewelry & gift products available to ship same day and more than 125,000 items available special order for sale to retailers. Quality Gold has built its business on the company’s commitment to provide the largest selection of products, the best service, and the best value to its customers. For more information, please visit www.QGold.com.

About Star Ring Inc.
Star Ring, Inc. established in 1989 is headquartered in Chatsworth, California. Star Ring, Inc. currently offers rings, pendants, earrings and necklaces set with gemstones and diamonds for both men and women. Romance Ring, a wholly owned division of Star Ring, Inc., specializes in bridal sets, trios, semi-mounts and diamond wedding bands for ladies and gentlemen. Star Ring, Inc. has been successful in meeting and exceeding specific needs and expectations of our customers in a constantly changing marketplace.

AT: 05/12/2017 10:46:10 PM   LINK TO THIS NEWSLETTER
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