Richline Group has acquired South African Manufacturing Jewelers, a prominent local manufacturer also known as Alan Mair Manufacturing Jewelers.
The new division will operate as Richline SA Ltd.
Richline SA will be owned by the Richline Group, a division of Warren Buffett-owned Berkshire Hathaway. This will be Richline’s sixth international jewelry brand acquisition. The Richline Group is comprised of four business units: LeachGarner Inc., Richline Brands, Richline International Inc., and Inverness Corporation.
Richline SA specializes in “bonded gold,” a product that combines gold and silver. The firm intends to revitalize its focus on the South African local market as well as other areas of Africa.