Classic Diamonds (India) Limited

Classic Diamonds (India) Limited has informed the Exchange that "Classic Diamonds has Tied Up with a Jewellery based retailer at UAE who own Six retail stores across United Arab Emirates for selling its Jewellery Under the Brand name Classic Jewels. The Joint Venture Plans to Open up four more outlets across UAE by mid 2008 to promote the brand. This would result in an increase in revenues for the company by USD 20 M, which would be in line with the growth anticipated in this segment".