Business Activities
LKI's main business activity is cutting and polishing "ideal-cut" and "fine make" diamonds, which it sells to upscale retail jewelers throughout the world. Some of these diamonds are distributed loose while others are set in jewelry under The Lazare Diamond brand. LKI distributes its products through over 1,500 retail partners and customers in 29 countries.
Although primarily based in the United States, LKI also has sales offices in Belgium, Japan, China and Hong Kong. LKI has also operated in Japan since 1973, Southeast Asia since 1987 and Latin America since 1997.
LKI’s first factory was located in Caguas, Puerto Rico. It became the largest diamond cutting and polishing factory in the United States. The company also has manufacturing operations in other parts of the world. It established a joint manufacturing partnership with Alrosa (the Russian government-owned mining company), with cutting facilities in Moscow and Barnaul. In addition, it has contract manufacturing operations in China and Thailand. In Africa, LKI has manufacturing facilities in Botswana and a joint manufacturing and technical services agreement with NamGem Diamond Maufacturing Company (Pty) Ltd in Namibia.
Read more about this topic: Lazare Kaplan International
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