Leviev and H.Stern to Open Two New Moscow Stores

In an expansion of their present collaboration, Lev Leviev Group of Companies and H.Stern Jewelry and Precious Stones Ltd, will open two new stores in Moscow. As reported by Globes Online, one will open in the GUM department store on Red Square and another will open next month at Sheremetyavo International Airport.

In September 2005, the two companies entered into an agreement to establish a 50/50 joint-venture operation in jewelry, diamond and watch store chains in Russia and other CIS countries. A year ago, the first store opened in the Crocu Mall in Moscow.