Dynamix Jewelry Group plans to fully take over the business of JewelAmerica Inc. in which it had invested through its affiliated company, last year. The take over transaction is likely to be complete by October 2008. Post acquisition, the JewelAmerica’s partners Rachel Wertheimer and Ashkenazy will be associated with the company as senior executives in sales and merchandising. Also, John Esposito, who joined JewelAmerica as chief financial officer in 2007, has become chief operating officer. %% JewelAmerica is a company with a portfolio of designing, manufacturing and distributing precious-metal jewellery set with diamonds and coloured gemstones. Its primary clients include volume retailers through five divisions: Astoria, Baith, Jana, Jewelmont/Jene and Oro Dall 'Italia. The company was founded in 1981 and is based in New York. %% JewelAmerica is also looking at the deal as a boost to its efforts in providing the best service to its customers and facing the evolving retail environment in the US. Dynamix Jewelry believes the acquisition will support its global expansion plans. Dynamix Jewelry holds interests in several jewellery-manufacturing and chain-producing factories in India. The company is a jewellery manufacturer in India.