Renaissance Jewellery is primarily engaged in the business of design, manufacturing, and sale of gold, silver, platinum jewellery as also jewellery studded with polished diamonds. The company’s product portfolio includes rings, earrings, pendants, bracelets, necklaces, and bangles.
The company has a well-defined supply market for its high-quality diamonds and product supply happens in a timely manner at competitive rates. The company has employed adequate risk mitigation measures that ensure all sourcing is done through proper supply channels to avoid issues like synthetic diamond and CVD diamond. Proper hallmarking and accreditation is adhered to and due diligence is observed in quality checks.
The company currently has a potent pool of 50+ experienced designers, 60+ skilled model makers, and over 4,000 employees to craft over 750 ingenious designs per month thereby building a valuable library of over 100,000 designs for Global customers. Renaissance’s clientele includes several eminent global brands such as Signets, Sterling Jewellers, Sears Corporation, and retailers such as Amazon Inc, Walmart, JC Penney, and Zales Corporation. RJL provides more than 1,000 products of modern jewellery made from different genuine materials, including silver and gold. Generally, the company procures order from the clients based on the floating price of the metal (gold/silver).
RJL’s US subsidiary, Verigold Jewelry has signed a licensing agreement with Hallmark Cards, Inc in Q3FY16. As part of this partnership, Verigold and Hallmark have launched Heart of Hallmark jewelry collection at 150 retail locations of JC Penney.
Thanksgiving Day, Christmas, Valentine’s Day and Mother’s Day are key events around which concentration of sales are recorded globally.