A division of Valentina Jewelers has been merged with Kay Jeweleries, a division of Kay Jeweler Group, to form a new entity called Kay Jewelry Group India, the companies said.
The new entity will be a joint venture of Kay and Valentine, they said.
Kay has a portfolio of over 70 brands, including the iconic Kay Jewelery, the Kalyani, and the Valentines.
The merger will have no material impact on Kay’s operations, the brands said in a statement.
Kay said in the statement that the merged entity will remain under the Kay Group umbrella, and that its board will continue to operate independently.
The Kay group is one of India’s largest jewelers.
Its brands include Kay Jewely, Kay’s, Kay Jewelries, Kay Diamond, Kay Pendants, Kay Watches, Kay Accessories, Kay Tools, Kay Swarovski, Kay Lace, Kay Surgical and Kay Accessories.