From a young age, Arthur Satariano aspired to work in the diamond trade and his wish came true through some contacts which put him in a diamond cutting factory in Canada in the late 1960’s.
The political and economic climate in Malta at the time gave investors limited options where to invest, and so gold and diamonds became a more attractive option. This was seen as a business opportunity for GABA and after three years in Canada, Arthur imported his know-how to Malta where he set up the first diamond cutting factory in 1972. He passed on some of his acquired skills also to his brother Albert and raised enough capital through two other shareholders namely Samuel and Anthony Cremona.
GABA were then the first diamond cutters on the island and the largest dealers in gold bullion.
In 1973 the Company expanded its operations and entered into the retail business on high-end quality diamonds, eventually expanding into diamond jewellery design and production. Between 1975 and 2000, 80% of GABA’s market was dominated by the distribution of diamonds, gold bullion, silver jewellery, 18ct gold, diamond jewellery, frames and household gifts to a network of local jewellers
Economic and policy changes rendered importation more viable than local cutting and the factory ceased its operations in 1995.
The company structure consists of GABA Co. Ltd, owning GABA Diamonds and GABA Gioielli. Today the business is run by the second generation of the Satariano family namely Lee Satariano, Wayne Satariano and Sue Satariano.
GABA Gioielli has now centralised all of its business bringing over 37 years experience in the retail of diamonds, gold, watches, silver jewellery and household gifts under one roof. The new state of the art premises feature four floors, each specifically dedicated to a particular jewellery line. The ground floor is dedicated to silver, stainless steel and watch brands. The second floor features a unique boutique of gold and mini diamond jewellery. On the first floor, GABA Décor is the latest addition and is dedicated to wedding lists and household gifts whilst the top floor will feature an exposé of GABA’s craftsmanship and expertise in diamonds as an investment as well as product lines from highly reputed jewellery brands like Dario, Cyrus, Crivelli, Lenti & Villasco and Korloff.