Bridal Jewellery Evolves: Renaissance Global Expands Lab-Grown Diamond Offerings with Enchanted Star

Renaissance Global Limited (RGL), a global leader in branded fine Jewellery is pleased to announce the full-scale launch of its Enchanted Star Collection, following a successful test phase. The strong consumer response reflects the growing demand for lab-grown diamond Jewellery, reinforcing RGL's focus on expanding its presence in this high-growth segment.

The lab-grown diamond market continues to gain momentum globally, with the segment valued at $27.2 billion in 2023 and projected to exceed $59.5 billion by 2032, growing at a CAGR of 9.4%. According to a new study, it was found that the popularity of lab-grown diamond engagement rings has also seen significant growth, now comprising 17.3% of total engagement ring sales, up from 1.7% just three years ago.

The Enchanted Star Collection, features a selection of lab-grown diamond engagement rings and fine Jewellery pieces, thoughtfully designed to blend timeless elegance with contemporary craftsmanship. The collection caters to consumers seeking high-quality, responsibly sourced Jewellery, reflecting the increasing preference for sustainability in fine jewellery purchases.

Commenting on the above, Mr. Sumit Shah - Chairman and Global CEO, Renaissance Global Limited said, "The strong response to the Enchanted Star Collection hints at the growing consumer preference for lab-grown diamonds as a choice of elegance, sustainability, and value. This full-scale launch strengthens our position in this high-growth segment, and our partnership with a leading U.S. retailer enables us to bring responsibly crafted, innovative jewellery to a the wider audience."

Source : Equity Bulls

Keywords

RenaissanceGlobal BridalJewellery LabGrownDiamond