JAKARTA – PT Hartadinata Abadi Tbk (HRTA), a jewelry manufacturer, will export gold worth a total of USD 300 million to Kundan Care Product Ltd for one year.

Sandra Sunanto, President Director of Hartadinata Abadi, mentioned that the gold export to Kundan is worth USD 26 million to USD 31 million per year. “The Memorandum of Understanding (MoU) for the jewelry export between the company and Kundan had been signed on February 28, 2023,” Sunanto confirmed in the information disclosure quoted Thrusday (16/3).

The transaction value is above 20% of the total equity of HRTA. This export deal is expected to increase HRTA’s revenue this year.

For the record, the company and Kundan are not affiliated. Kundan is a jewelry company based in New Delhi, India. Said foreign company is listed under Kundan Group, which manages various business lines, including digital gold, personal care, and gold refinery. (LK/ZH)