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Tahera reaches deal with N.Y. diamond firm: Lazare Kaplan to market US$36M annual output
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Tahera reaches deal with N.Y. diamond firm: Lazare Kaplan to market US$36M annual output
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Tahera reaches deal with N.Y. diamond firm: Lazare Kaplan to market US$36M annual output
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Newspaper Article
Tahera reaches deal with N.Y. diamond firm: Lazare Kaplan to market US$36M annual output
2003
Overview
Joseph Gutnick, chairman, CEO and president of Tahera, said: \"[The deal] is an important milestone because a boutique diamond company recognizes the quality of our diamonds. For us, we get paid immediately for our diamonds and have the option to polish the diamonds, thus we will be able to enhance the value of the diamonds and increase revenues.\" Tahera said it plans to finance the project through a combination of debt and equity, in which Lazare Kaplan would invest US$4- million and receive warrants for common shares of Tahera at a price of $0.22 per share, giving the New-York based company a 10% stake in Tahera. Black & White Photo: Carlo Allegri, National Post / Joseph Gutnick, president and CEO of Tahera, calls the agreement with boutique diamond company Lazare Kaplan \"an important milestone.\"
Publisher
Postmedia Network Inc
Subject
