Headlines

Supplier of Disney-Themed Jewelry Acquired in $26M Deal

Collections center on properties such as Cinderella, Snow White and Tinker Bell.

Published

5 years ago

November 27, 2018

INSTORE Staff

Renaissance Jewellery, based in India, bought Jay Gems in a $26 million deal, Rapaport News reports.

U.S.-based Jay Gems is a supplier of Disney-themed jewelry. It has a presence across the U.S., the United Kingdom and Canada with clients such as Zale, JC Penny, Signet, H Samuel, Fred Meyer, Helzberg, Peoples, Charm, Reeds and Riddles.

Jimmy Degroot

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode

Jimmy Degroot

Video: Split Sales Require Effort

Jimmy Degroot

The Business of Jewelry Podcast Special Edition (Part 2)

The deal was completed through a subsidiary, Renaissance Jewellery New York. As a result, Renaissance’s portfolio has expanded to include Enchanted by Disney Fine Jewellery, as Jay Gems held the exclusive licensing agreement with Disney Consumer Products Inc. for the line.

The Enchanted line includes collections themed around Disney properties such as Cinderella, Snow White, Tinker Bell and Frozen.

Rapaport notes that Jay Gems posted $79 million in revenue in its most recent fiscal year.

The website quoted Sumit Shah, vice chairman of Renaissance, saying, “With the financial strength and global distribution of RJL, we expect to be able to grow Enchanted Disney Fine Jewelry into a global brand within five years.”

Read more at Rapaport News

Related Topics: acquisition Latest News Top

click to Comment(Comment)

Up Next

Jewelry to Be a Key Growth Area This Holiday Shopping Season, IBM Predicts

Don't Miss

Jewelry-Store Employees Use Swords to Ward Off Thieves

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”