Baunat, a private online diamond distributer, reports it has raisedEUR 2.8m via a ‘Belgian-French’ private equity placement.

The press release is quoted as saying,

Baunat exports today already more than 85% of its high end branded jewellery (mainly in Western Europe) and expects to triple sales in 2011. 95% of sales are concluded via E-boutique, the remainder in the Baunat showroom in the Antwerp diamond district.

For the complete press release, click here.