Renaissance Global Limited (RGL) has announced the acquisition of a 38.75% stake in Jean Dousset Jewelry, a Los Angeles-based luxury brand. The Mumbai-based company paid $3 million for the stake, valuing Jean Dousset at approximately $7.7 million.
Jean Dousset Jewelry, founded by Jean Dousset, the great-great-grandson of Louis Cartier, is known for its designer jewelry featuring lab-grown diamonds. The brand generated $10.1 million in revenue in the fiscal year 2024, up from $7.26 million in 2023 and $7.51 million in 2022.
As part of the deal, RGL will help Jean Dousset expand its market presence by leveraging RGL’s extensive B2B distribution network and strong relationships with top retail partners. Additionally, RGL will act as a supply chain partner to improve scalability and operational efficiency.
Jean Dousset did not comment on the deal when approached by JCK.
This acquisition follows Renaissance's 2022 purchase of With Clarity, a direct-to-consumer lab-grown diamond company. Recently, RGL announced plans to bring With Clarity to India.