Renaissance Global Limited - Hallmark Diamonds Website Launch

Renaissance Global Limited has announced the launch of our sixth direct to consumer website for Hallmark Diamonds. (https://www.hallmarkdiamondscollection.com/). The website offers exclusive Hallmark branded fine jewellery designed using timeless icons that represent the special moments, milestones and relationships in our lives.

Renaissance Global Limited has an exclusive license to manufacture and distribute Hallmark branded fine jewellery in the United States.

Hallmark is a renowned greeting cards company with a global presence in more than 100 countries. The Hallmark brand reaches 99% of US women aged 25-34. Hallmark operates more than 2,000 independently owned stores across the United States of America.

"The launch of the Hallmark Diamonds website is aligned with our long term strategy to grow our Direct to Consumer business. Our FY21 direct to consumer revenues stood at ₹ 65 crores with Q4 FY21 annual revenue run rate at ₹ 115 crores. The increasing share of our direct to consumer revenues will help us improve our margins in the future," said Mr. Sumit Shah, Vice Chairman & Global CEO, Renaissance Global Limited.

Shares of RENAISSANCE GLOBAL LTD. was last trading in BSE at Rs.392 as compared to the previous close of Rs. 381.85. The total number of shares traded during the day was 6006 in over 789 trades.

The stock hit an intraday high of Rs. 395.85 and intraday low of 381. The net turnover during the day was Rs. 2335333.

Source : Equity Bulls

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