Renaissance Global Ltd. (RGL) saw its shares jump 9% following the full-scale launch of its Enchanted Star Collection, a premium line of lab-grown diamond jewellery. The launch follows a successful test phase, highlighting strong consumer demand for sustainable and ethically sourced diamonds.
The lab-grown diamond market is experiencing rapid growth, valued at $27.2 billion in 2023 and projected to exceed $59.5 billion by 2032, with a CAGR of 9.4%. Consumer preference for sustainable engagement rings is also rising, with lab-grown diamonds now comprising 17.3% of engagement ring sales, up from just 1.7% three years ago.
Renaissance Global’s Enchanted Star Collection features a stunning selection of engagement rings and fine jewellery, combining timeless elegance with modern craftsmanship. The collection aligns with the growing demand for eco-friendly, high-quality jewellery, reinforcing RGL’s strategic expansion in this high-growth segment.
Renaissance Global shares opened at Rs 123.85, reaching a high of Rs 135.51 and a low of Rs 121.00. The stock’s 52-week high stands at Rs 195.70, while its low is Rs 87.40.
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