Mumbai, January 28, 2025 – Renaissance Global Limited (NSE: RGL, BSE: 532923) has announced a strategic minority investment in U.S.-based Jean Dousset Jewelry LLC, acquiring a 38.7% stake for $3 million (₹25.89 crore). The investment will enable Renaissance to expand its presence in the premium lab-grown diamond jewelry segment while leveraging its B2B distribution network.
Key Details of the Investment
| Particulars | Details |
|---|---|
| Target Company | Jean Dousset Jewelry LLC, U.S. |
| Location | 607 N La Cienega Blvd, West Hollywood, California |
| Industry | Jewelry – Lab-Grown Diamonds |
| Stake Acquired | 38.7% on a fully diluted basis |
| Investment Value | $3 million (₹25.89 crore at an exchange rate of 86.31 INR/USD) |
| Financials (Revenue) | FY24: $10.14M (₹85.09 crore) FY23: $7.26M (₹60.98 crore) FY22: $7.51M (₹63.08 crore) |
| Acquisition Timeline | Expected completion by March 31, 2025 |
| Nature of Investment | Minority Stake – Strategic Growth Partnership |
Strategic Rationale
- Expansion into Luxury & Lab-Grown Diamonds:
- Jean Dousset Jewelry, founded by Louis Cartier’s great-great-grandson, is renowned for its bespoke engagement rings and fine jewelry.
- Renaissance aims to leverage its product development, manufacturing, and supply chain expertise to scale Jean Dousset’s operations.
- Strengthening B2B & D2C Channels:
- The investment will help expand Jean Dousset’s footprint across key U.S. and international markets.
- Renaissance will enhance supply chain efficiencies to support growing demand.
Management Commentary
Sumit Shah, Global CEO, Renaissance Global Limited, stated:"We are thrilled to invest in Jean Dousset, a brand synonymous with innovation and craftsmanship in lab-grown diamonds. By integrating our world-class product development and B2B distribution network, we will accelerate its global growth."
Industry Growth & Market Trends
- The global lab-grown diamond market was valued at $25.81 billion in 2023 and is projected to reach $48.42 billion by 2030, growing at a CAGR of 9.4%.
- Millennials and Gen Z consumers drive demand for sustainable and personalized jewelry, positioning Jean Dousset as a high-potential brand.
About Renaissance Global
Renaissance Global is a leading branded jewelry manufacturer with a portfolio including:- Licensed Brands: Disney, Hallmark, NFL.
- Owned Brands: Irasva, Jewelili, Everyday Elegance.
- B2B & D2C Distribution Networks.