Diamonds International, one of the
largest diamond retailers in the world with over 125 shops, celebrated the official
opening of its new flagship store in Cayman on Thursday night.
The new Diamonds International
Watch and Design showroom on North Church Street is the company’s third store
in the centre of George Town, in addition to Tanzanite International on Fort
Street and Diamonds International on South Church Street.
The opening saw approximately 250
guests visit the newly refurbished Diamonds International building.
In addition to its regular
jewellery and timepieces, the store featured special museum quality jewellery
on display and a portion of the evening’s sales was going to be donated to Haitian
DI owner Morris Gad and Premier
McKeeva Bush performed the official ribbon-cutting.
In his address Mr. Bush said he
always appreciated occasions to celebrate milestones for a local business.
climate of global economic slowdown it was rare to hear about the successes
such as this one, he said.
“Our islands are as conducive to
successful business as any other jurisdiction,” Mr. Bush stated, saying that it
was his job not only to attract business, but also to ensure that those
businesses that are here have every opportunity to succeed.
He acknowledged that there was
still much to do in terms of business friendly policies as Cayman continues to
feel the effects of the recession. Giving Diamonds International as an example,
Mr. Bush said Cayman needed to attract new investment which would generate new
income and help sustain tourism, even if for some it also meant new competition.
DI owner Morris Gad thanked the
government for its welcome and support in this multi-million dollar investment.