ItalKarat18 Inc. was founded in the mid-90s by an Italian businessman named Stelvio Guolielmi who had a passion for fine jewelry. He teamed up with Felimon M. Suarez, a talented Cebuano artisan, and together they began manufacturing high-quality Italian gold jewelry. Over time, the company grew and expanded into other areas, including home decor and fashion accessories.

In 1988, Felimon M. Suarez fully acquired ItalKarat18 Inc. and it became a Filipino-owned company. This change in ownership marked a new chapter for the company, and under Felimon's leadership, ItalKarat18 Inc. continued to thrive and expand.

Today, ItalKarat18 Inc. is the manufacturer of choice for international brands in home decor, fashion accessories, and more. The company's commitment to quality craftsmanship and attention to detail has earned it a reputation for excellence, both locally and internationally.