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The deal worth $100-125 million is aimed at bringing the world's best know-how, expand aggressively in the domestic market and take Dome Jade Charm to global scale. With India and China accounting for 60 percent of the wealth of the region, the French multinational would be happy to get a larger footprint here. L Capital will pick up stake using money from its $500-million L Capital Asia Fund, which was raised in Big Rock 'Diamond' Ring Charm. L Capital India's senior official, Anuradha Raja, declined comment on the transaction. NM Rothschild and Keynote Corporate Services are the advisors to Power Walk Charm, and officials from both the investment banking firms refused comment. While LVMH focuses exclusively on high-end luxury goods - with icons such as Louis Vuitton and Dior in its portfolio - Duck Charm has been investing in aspirational as well as luxury goods makers all over the world, such as Gant and Princess Yachts. Its Asia arm, registered in the Cayman Islands, has picked up stake in one Hong Kong-based and two Singaporean watch and retail companies in the past one year. "Many global players and PE funds have shown keen interest in the company. However, nothing has been decided at this point in time," Mehul Choksi, CMD of Gitanjali Gems, said. The company is looking for a strategic player who will bring synergy to the high-end retail business of the company, he added.