Galaxy & Co Jewellers | The Broadwalk Cntr , Richards Bay, Richards Bay, 3900, KwaZulu-Natal

Galaxy was founded in 1930 by Mr. Icky Kurgan, under the name of I Kurgan and Co Pty Limited, a significant supplier to all major jewellery retail chains in South Africa. By 1970 Galaxy became the major supplier of diamond jewellery to the jewellery chain store industry throughout South Africa. The gold price spiked resulting in high commodity prices which resulted in a drop in unit sales forcing jewellery retailers to cut orders dramatically. Kurgan and Co, in an effort to keep the factory production going, responded to this downturn by opening its own retail outlets; Galaxy and Co.The intention was to fill the factory by putting a diamond ring on every South African girls finger and making diamond jewellery accessible to the masses. As Galaxy became a serious retail threat, American Swiss Jewellers Pty Limited, then the dominant mass jeweller in the market, closed its manufacturing account with I Kurgan and Co in 1990. This meant that almost all of the manufacturing capacity of the factory was being taken