Titan arm to acquire 17.5% stake in US-based jewellery maker Great Heights for $20-M

Bengaluru-based, publicly listed Titan Co, is to acquire a 17.5% stake in Stamford, CT (USA)-based jewellery maker Great Heights Inc for USD 20 million. The all cash deal is expected to give Titan a presence in the fast growing lab grown diamond (LGD) and D2C sectors. Great Heights retails LGD jewellery through its Clean Origin brand. It had reported gross revenues of USD 25 million in 2021.