Chow Tai Fook Acquires U.S. Jeweler

[  Boston, Massachusetts  USA  ]

Hong Kong-based Chow Tai Fook is buying US diamond jeweler “Hearts on Fire” for US$150 million.

The acquisition is expected to be completed by September 2014.

Hearts on Fire has 11 owned stores in the US and Taiwan and more than 500 shops-in-shops in 31 countries.  Hearts On Fire Company, LLC (Boston), branded as Hearts On Fire, is a privately held diamond manufacturer and jewelry design company founded in 1996 by Glenn and Susan Rothman.

Following the acquisition, Chow Tai Fook plans to open Hearts on Fire stores in Hong Kong and mainland China.