{"id":2878,"date":"2007-05-21T03:20:38","date_gmt":"2007-05-21T03:20:38","guid":{"rendered":"http:\/\/indonesiajewelry.com\/news\/2007\/05\/21\/warren-buffet-expands-his-jewelry-empire\/"},"modified":"2007-05-21T03:20:38","modified_gmt":"2007-05-21T03:20:38","slug":"warren-buffet-expands-his-jewelry-empire","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/warren-buffet-expands-his-jewelry-empire\/","title":{"rendered":"Warren Buffet Expands His Jewelry Empire"},"content":{"rendered":"<p>Warren Buffet Expands His Jewelry Empire<br \/>\nDiamonds.net, NY<br \/>\nBy Zach Helke\tPosted: 05\/20\/07 05:33   [Submit Comment]<\/p>\n<p><!--adsense--><\/p>\n<p>RAPAPORT&#8230;Investment guru Warren Buffet\u00e2\u20ac\u2122s Berkshire Hathaway Inc. has acquired two gold jewelry manufacturers Ber-Oro International and Aurafin LLC to become the largest jewelry supplier in the United States.<\/p>\n<p>The two new organizations will be combined to form the Richline Group which will continue to market the existing jewelry brands under their respective old names. This will save costs by maintaining a single operational and administrative division, Berkshire Hathaway stated in a May 18, 2007 press release.<!--more--><\/p>\n<p>Buffet&#8217;s previous jewelry purchases include that of Ben Bridge Jeweler, Borsheims Fine Jewelry and Helzberg Diamonds.<\/p>\n<p>\u00e2\u20ac\u0153The opportunity to partner with [Bel-Oro president] Dennis Ulrich, and his entire team, was one I couldn\u00e2\u20ac\u2122t pass up,\u00e2\u20ac\u009d Buffet, chairman and chief executive officer of Berkshire Hathaway, said. &#8220;They have done a remarkable job in building Bel-Oro from a standing start to the leader in its industry. And the best is yet to come.\u00e2\u20ac\u009d<\/p>\n<p>Bel-Oro president Dennis Ulrich is slated to become the chief executive officer of the newly created Richline Group, while Aurafin CEO Dave Meleski will be the company\u00e2\u20ac\u2122s president.<\/p>\n<p>\u00e2\u20ac\u0153This is an unprecedented transaction in our industry,\u00e2\u20ac\u009d said Meleski. \u00e2\u20ac\u0153We are proud to have a top financial investor invest in what will now be the largest jewelry supply group in the U.S. It is an opportunity that my team and I optimistically embrace, and it will permit us to focus on merchandising, marketing and manufacturing jewelry, in order to help our customers compete better in a world where consumers have so many choices.\u00e2\u20ac\u009d<\/p>\n<p>RAPAPORT<br \/>\nInformation that means Busines<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffet Expands His Jewelry Empire Diamonds.net, NY By Zach Helke Posted: 05\/20\/07 05:33 [Submit Comment] RAPAPORT&#8230;Investment guru Warren Buffet\u00e2\u20ac\u2122s Berkshire Hathaway Inc. has acquired two gold jewelry manufacturers Ber-Oro International and Aurafin LLC to become the largest jewelry supplier in the United States. The two new organizations will be combined to form the Richline [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[411],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffet Expands His Jewelry Empire - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesia-product.com\/news\/warren-buffet-expands-his-jewelry-empire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Buffet Expands His Jewelry Empire - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia\" \/>\n<meta property=\"og:description\" content=\"Warren Buffet Expands His Jewelry Empire Diamonds.net, NY By Zach Helke Posted: 05\/20\/07 05:33 [Submit Comment] RAPAPORT&#8230;Investment guru Warren Buffet\u00e2\u20ac\u2122s Berkshire Hathaway Inc. has acquired two gold jewelry manufacturers Ber-Oro International and Aurafin LLC to become the largest jewelry supplier in the United States. 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