NY Koen Group

NY Koen Group is a multinational holding company founded by Naum Koen in 2006. The group began as a diamond-cutting and diamond-supply business and subsequently developed a broader portfolio of businesses and subsidiaries connected with precious stones, digital commerce, private aviation, tourism, construction, security, and technology. Its reported executive base is in Dubai, while the group has also maintained operational offices in Ukraine. A corporate office is associated with the Queen Elizabeth 2, the permanently berthed ocean liner in Dubai. The group's original business was centered on the processing and supply of diamonds. Over time, its activities expanded beyond the traditional gemstone trade. The group became associated with GEMGOW, an online platform intended to facilitate precious-stone transactions, and with Amber Palm, a subsidiary involved in amber-related luxury and cultural projects. In 2017, Amber Palm presented what was described as the world's first amber stone mosque at Dubai's Burj Al Arab hotel, providing the group with a high-profile showcase in the luxury and design sphere. NY Koen Group also pursued aviation and travel opportunities. In 2020, its subsidiary Aero Private Jet was reported to have expressed an intention to participate in the auction of Israir Airlines. The proposed involvement illustrated the group's interest in expanding from private aviation services into a broader aviation platform, although the available reference material does not establish that the bid succeeded or that the airline was acquired. The group entered the hospitality and travel-services space through a partnership with Kosher Luxury Travel following the normalization agreement between Israel and the United Arab Emirates. The partnership was intended to support Israeli visitors by providing kosher services and establishing a Kosher Center aboard the Queen Elizabeth 2, with a planned launch in December 2020. This initiative linked the group's Dubai hospitality presence with the emerging Israel-UAE tourism corridor. Another reported transaction concerned GEMGOW. In July 2020, reports said that GEMGOW was expected to sell a 25 percent stake to HBK Holding, described in the reference material as a holding company owned by Sheikh Hamad bin Khalifa Al Nahyan. The available material does not provide completed-transaction details, valuation, or subsequent ownership information, so the status of that proposed investment remains unclear. NY Koen Group is therefore best understood as a diversified private holding group rather than a single-category consumer brand. Its public profile has been shaped by the combination of its gemstone origins, luxury-oriented projects, technology-enabled precious-stone trading, aviation ambitions, and Dubai-based tourism initiatives. Publicly available information is limited regarding its present operating structure, financial performance, complete subsidiary portfolio, and current leadership beyond founder and chief executive Naum Koen.

NY Koen Group was established in 2006 by Naum Koen as a diamond-cutting and supply business. Its initial specialization placed the company within the international gemstone trade, combining the processing of diamonds with their commercial supply. The group later broadened its activities into a portfolio model covering several unrelated but commercially complementary sectors. The expansion included precious-stone commerce, digital technology, private aviation, tourism, construction, and security. GEMGOW became associated with the group as an online platform designed to facilitate the trading of precious stones. This represented a move from conventional supply and cutting operations toward a technology-enabled marketplace model. In July 2020, reports indicated that GEMGOW would sell a 25 percent stake to HBK Holding. The available account does not state whether the proposed transaction was completed, and it provides no financial terms. The group also developed luxury and cultural projects through Amber Palm. In 2017, Amber Palm presented an amber stone mosque at Dubai's Burj Al Arab hotel. The presentation served as a notable public expression of the group's interest in amber, luxury design, and high-visibility projects, extending its profile beyond industrial gemstone processing. Aviation became another area of reported activity. In October 2020, when Israir Airlines was being offered at auction, NY Koen Group announced its intention to participate through Aero Private Jet, a subsidiary associated with the group's private-aviation operations. The report described an intended bid rather than a confirmed acquisition. No reliable outcome is supplied in the available reference material. Tourism and hospitality initiatives developed in parallel with the changing relationship between Israel and the United Arab Emirates. In October 2020, NY Koen Group partnered with Kosher Luxury Travel to serve Israeli tourists visiting the UAE. The plan included a Kosher Center aboard Queen Elizabeth 2, with an expected opening in mid-December. The proposal connected the group's Dubai operations, hospitality presence, and travel infrastructure with the newly emerging tourism market created by the Israel-UAE normalization agreement. The group is reported to have executive offices in Dubai, operational offices in Ukraine, and a corporate office aboard Queen Elizabeth 2. These locations indicate an internationally oriented structure, although the available public information does not provide a complete corporate chart, a full list of subsidiaries, current financial data, or a verified account of its activities after the 2020 initiatives. Naum Koen is identified as the founder and chief executive officer. On the available evidence, NY Koen Group remains a privately held and diversified holding group whose public identity combines its diamond-trade origins with luxury, technology, aviation, and tourism ventures.

• 2020

  GEMGOW stake sale is reported

  [1]NY Koen Groupen.wikipedia.org

  Reports said that GEMGOW planned to sell a 25 percent stake to HBK Holding; completion and terms are not established in the available material.

• 2020

  Aero Private Jet expresses interest in Israir auction

  [1]NY Koen Groupen.wikipedia.org

  The group's aviation subsidiary announced an intention to participate in the auction of Israir Airlines.

• 2020

  Kosher tourism partnership is announced

  [1]NY Koen Groupen.wikipedia.org

  NY Koen Group and Kosher Luxury Travel announced a plan to establish a Kosher Center aboard Queen Elizabeth 2 for Israeli tourists.

• 2017

  Amber Palm presents an amber stone mosque

  [1]NY Koen Groupen.wikipedia.org

  The subsidiary presented an amber stone mosque at the Burj Al Arab hotel in Dubai.

• 2006

  NY Koen Group is founded

  [1]NY Koen Groupen.wikipedia.org

  Naum Koen founded the group as a diamond-cutting and supply business.

A diversified, Dubai-centered private holding group combining gemstone expertise with luxury projects, digital precious-stone commerce, aviation, tourism, construction, technology, and security services.

• Gemstone trade · 2006

  Diamond cutting and supply

  The group's founding activity involved cutting diamonds and supplying them through the international gemstone trade. Publicly available information does not specify production facilities, annual volumes, geographic sourcing, or customer segments.

• Digital precious-stone marketplace

  GEMGOW

  GEMGOW is described as an online platform designed to facilitate the trade of precious stones. It reflects NY Koen Group's move toward digital infrastructure for gemstone transactions. A proposed 25 percent stake sale to HBK Holding was reported in 2020, but the available material does not confirm the transaction's completion.

• Luxury design and amber

  Amber Palm projects

  Amber Palm is a subsidiary associated with amber-related luxury and cultural projects. Its best-known reported presentation was an amber stone mosque at Dubai's Burj Al Arab hotel in 2017.

• Private aviation

  Aero Private Jet

  Aero Private Jet is the group's aviation subsidiary. In 2020 it was used as the vehicle through which NY Koen Group announced its intention to participate in the auction of Israir Airlines. The reference material does not establish whether the bid or any acquisition succeeded.

• Tourism and hospitality · 2020

  Kosher Center

  The proposed Kosher Center aboard Queen Elizabeth 2 was intended to provide kosher services for Israeli tourists visiting the UAE. It was announced as part of a 2020 partnership with Kosher Luxury Travel, but the available material does not verify opening or continued operation.

• 2020Kosher tourism initiative with Kosher Luxury Travel

  United Arab Emirates · Israel

  NY Koen Group partnered with Kosher Luxury Travel after the Israel-UAE normalization agreement to develop services for Israeli visitors, including a planned Kosher Center aboard Queen Elizabeth 2.

  Outcome. A launch was planned for December 2020, but the available reference does not document the project's completion or results.

  Source

• 2020

  Pursuit of an Israir Airlines auction bidM&A

  Background

  Israir Airlines was being auctioned in 2020, with bids reportedly due by November 8.

  Action taken

  NY Koen Group announced that it intended to participate through its subsidiary Aero Private Jet.

  Aftermath

  The available material does not establish whether the bid was submitted or whether the group acquired Israir.

  Source

• 2020

  Proposed sale of a GEMGOW minority stakeM&A

  Background

  GEMGOW was positioned as the group's online platform for precious-stone trading.

  Action taken

  Reports said GEMGOW would sell a 25 percent stake to HBK Holding.

  Aftermath

  Completion, valuation, and subsequent ownership are not established in the available reference material.

  Source

• 2020

  Expansion into kosher tourism servicesStrategy

  Background

  The Israel-UAE normalization agreement created a new tourism opportunity for Israeli visitors to the UAE.

  Action taken

  The group partnered with Kosher Luxury Travel and planned a Kosher Center aboard Queen Elizabeth 2.

  Aftermath

  The initiative was announced for a mid-December launch, but its operational outcome is not documented in the available material.

  Source

• 2020

  GEMGOW reportedly plans to sell a 25 percent stake to HBK Holding[1]NY Koen Groupen.wikipedia.org

  M&A

  Reports in July 2020 said that GEMGOW, NY Koen Group's online precious-stone trading platform, would sell a 25 percent interest to HBK Holding. The available reference does not confirm completion, valuation, or later ownership.

• 2020

  Aero Private Jet signals interest in the Israir Airlines auction[1]NY Koen Groupen.wikipedia.org

  M&A

  NY Koen Group announced through its subsidiary Aero Private Jet that it intended to participate in the auction of Israir Airlines. The reported bid deadline was November 8, 2020; the available material does not establish the outcome.

• 2020

  NY Koen Group partners with Kosher Luxury Travel on a Dubai tourism initiative[1]NY Koen Groupen.wikipedia.org

  Campaign

  Following Israel-UAE normalization, NY Koen Group partnered with Kosher Luxury Travel to serve Israeli tourists and planned a Kosher Center aboard Queen Elizabeth 2, with a proposed launch in December 2020.

• 2017

  Amber Palm presents an amber stone mosque in Dubai[1]NY Koen Groupen.wikipedia.org

  Other

  Amber Palm, a subsidiary of NY Koen Group, presented a mosque made from amber stone at the Burj Al Arab hotel in Dubai. The project highlighted the group's luxury, design, and amber-related activities.

1. 1NY Koen Groupen.wikipedia.org