Renaissance Global Jewellery Strengthens Dubai Foothold with New Subsidiary

Dubai Jewellery News: Strategic Expansion into the Middle East

Renaissance Global Limited, the powerhouse Indian luxury jewellery conglomerate behind iconic brands such as Enchanted Disney Fine Jewelry and Hallmark Fine Jewelry, is making an assertive move to expand its footprint in the Middle East. Its wholly owned subsidiary, Verigold Jewellery FZCO, has launched a new step-down entity—Renaissance Jewellery Middle East FZCO—registered under the Dubai Multi Commodities Centre Authority (DMCCA). With an authorized and subscribed capital of AED 300,000, the new operation aims to serve as a central hub for precious stone cutting and polishing, gold and precious metal manufacturing, and high-end jewellery production.

A bold move by Renaissance Global to dominate UAE’s luxury jewellery market
Image Credit: Renaissance Global Limited

This Dubai Jewellery News report highlights the company’s intent to cement its presence in the competitive UAE jewellery market while leveraging Dubai’s global reputation as a luxury goods destination. With rising demand for opulent handcrafted pieces and locally sourced designs, the establishment of this new unit signals an important milestone in Renaissance Global’s aggressive growth strategy.

Global Player with Homegrown Roots

Renaissance Global, formerly known as Renaissance Jewellery Limited, has evolved into a global luxury brand factory. From its manufacturing bases in Mumbai’s SEEPZ-SEZ and its skilled design team, it exports an array of finely crafted gold and diamond pieces to the US, UK, Canada, and Asia. The firm’s unique blend of B2B and D2C models allows it to serve major department stores while operating its own successful e-commerce platforms, such as Irasva.

Why Dubai and Why Now

The new Dubai-based Renaissance Jewellery Middle East FZCO positions the company closer to a booming customer base while reducing logistics overheads through vertical integration. It also opens doors to local collaborations, streamlining regional supply chains and enabling faster market responsiveness.

According to financial data from FY 2025, Renaissance Global’s total assets surged by 15.62% to ₹2,339.60 crore, while total equity rose nearly 24%. These robust figures provide a strong foundation for sustained investment in strategic global markets like the UAE.

The move not only reinforces Renaissance Global’s expanding global reach but also signals its readiness to challenge established Middle Eastern luxury jewellery players with a mix of heritage craftsmanship and modern design.

For more details, visit:

https://renaissanceglobal.com

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