Connect with us

Headlines

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

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

mm

Published

on

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.

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode
Jimmy Degroot

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode

Video: Split Sales Require Effort
Jimmy Degroot

Video: Split Sales Require Effort

The Business of Jewelry Podcast Special Edition (Part 2)
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.

Advertisement

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

Advertisement

SPONSORED VIDEO

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

Promoted Headlines

Most Popular