Baunat, an Antwerp, Belgium-based online diamond jewellery company, raised €3.3m in funding.
Backers included private investors and staff.
The company intends to use the resources to to further expand its BAUNAT DIAMONDS division.
Founded in 2008 by Stefaan Mouradian and Steven Boelens, Baunat is an online jeweller focused on exclusive high quality.
In 2015, the company exported approximately 85% of its jewellery to over 45 countries, with Western Europe and China being the biggest markets. Some 60% of sales are through the company’s e-boutique http://www.baunat.com, with the remainder through the BAUNAT showrooms in Antwerp, Paris, Geneva, Mumbai and Hong Kong.
Baunat aims to open new showrooms in Germany and China in 2016 and 2017, followed by Tokyo and New York in 2017 and 2018.