
Renaissance Global Limited (RGL) announced it has purchased a 38.75% stake in Los Angeles–based Jean Dousset Jewelry.
Mumbai-based Renaissance paid $3 million for the stake. The transaction values the Jean Dousset company at around $7.7 million.
The brand was founded by Jean Dousset, a great-great-grandson of Louis Cartier, and makes designer jewelry with lab-grown diamonds.
Renaissance’s filing with the Bombay Stock Exchange says Jean Dousset Jewelry generated $10.1 million in revenue in fiscal year 2024, $7.26 million in fiscal 2023, and $7.51 million in fiscal year 2022.
“RGL will support Jean Dousset in expanding its presence, particularly by leveraging RGL’s extensive B2B distribution network and established relationships with leading retail partners,” the company said in the filing. “RGL to also serve as a supply chain partner to enhance scalability and efficiency.”
Dousset declined comment to JCK.
In 2022, Renaissance purchased With Clarity, a direct-to-consumer lab-grown company. Last month, it announced it is bringing With Clarity to India.
Top: Jean Dousset stackable rings (photo courtesy of Jean Dousset)
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