LITTLE COMPTON, R.I. (AP) — The Rhode Island-based jewelry maker Alex and Ani has purchased a winery in Little Compton.
The jewelry company completed the purchase of the 170-acre Sakonnet Vineyards on Thursday. The real estate firm that sold the property said the price was $8.95 million.
Alex and Ani president Carolyn Rafaelian has said the winery and the jewelry company make a “perfect pairing.” Rafaelian also purchased Newport’s largest privately-owned mansion, Belcourt Castle, in November.
The Cranston-based Alex and Ani has grown quickly since it was founded in 2004. Its products are made of recycled materials and are manufactured in the United States.
Copyright 2012 The Associated Press.