House of Taylor Jewelry Raises $6.48 Million

House of Taylor Jewelry, Inc has raised $6.48 million through a private placement of its securities with the proceeds to be used mostly for marketing and brand-building purposes.

"These funds allow us to expand design, manufacturing and distribution of multiple product categories across major price points for our Elizabeth Taylor and Kathy Ireland brands,” explained CEO Jack Abramov.

“We debuted House of Taylor Jewelry to the trades during the recent JCK Las Vegas show in June and the JA New York show in July. We were very pleased to experience overwhelming positive responses from domestic and foreign retailers as well as major jewelry manufacturers and diamond companies wanting to participate and collaborate with us. “

“We expect that these Placement proceeds will enable us to continue expanding domestic and worldwide distribution of our branded jewelry lines."

The Los Angeles based international jewelry company founded by principal shareholders that are beneficially owned by Dame Elizabeth Taylor, Kathy Ireland and members of the Abramov families. The Company designs, markets and sells branded jewelry lines under licenses granted by entities beneficially owned by Dame Elizabeth Taylor and Kathy Ireland Worldwide.