Tbilisi Jewelry Factory Limited was put up for sale at the public auction staged by the Ministry of Economic Development of Georgia.
The 100 percent state owned Georgian company was acquired by Gold Investment Limited plant. The new proprietor paid GEL 2.2 million.
Tbilisi Jewelry Factory Limited focusses at creation and delivery of jewelry.
The ministry began receiving applications from May 13, 2006 and the original price of the plant was US $2 million and Gold Investment Limited was the sole aspirant.
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