FutureSenseIndia

Renaissance Global Limited Invests in Jean Dousset Jewelry LLC

Renaissance Global Makes Strategic Investment in Jean Dousset Jewelry

Dated January 28, 2025, outlines Renaissance Global Limited’s (RGL) strategic minority investment in Jean Dousset Jewelry LLC.

Investment Highlights:

  • Details: RGL’s step-down subsidiary, RD2C Ventures Inc., will invest in Jean Dousset Jewelry LLC.
  • Target Company (Jean Dousset):
    • A US-based jewelry company established on December 26, 2013, specializing in bespoke craftsmanship and lab-grown diamond jewelry.
    • Recent revenues: $10.14 Mn (₹85.09 Cr) in FY 2024, $7.26 Mn (₹60.98 Cr) in FY 2023, $7.51 Mn (₹63.08 Cr) in FY 2022.
  • Strategic Rationale: The investment aims to boost Jean Dousset’s growth via RGL’s B2B distribution network while RGL becomes its supply chain partner for scalability and efficiency.
  • Financials: Acquisition cost is $3 Mn (₹25.89 Cr), completed as a cash transaction.
  • Shareholding Post-Investment:
    • RD2C Ventures will hold 1,067,301 shares (approximately 38.7% on a fully diluted basis).
  • Timeline: Expected completion by March 31, 2025.
  • Other Information: Not a related party transaction; no governmental or regulatory approvals needed.

RGL is a global player in branded jewelry, actively leveraging the growing demand for lab-grown diamonds. The release includes a disclaimer regarding forward-looking statements.

Leave a Reply

Your email address will not be published. Required fields are marked *