Ritani

Ritani is a fine jewelry company that primarily specializes in engagement rings and bridal jewelry, andhas a service that allows customers to design a custom engagment ring. The company is based in New York.

Ar Pranav Gayakwad
IndustryArchitect & interior designer
Founded2017
HeadquartersHUBLI DHARWAD DISTRICT KARNATAKA

History

In 2012, Chief investor Cantor Fitzgerald invested $15 million in Ritani, following the Julius Klein Group selling their stake in the company.[1] In January 2014, Ritani was selected for the Forbes list of America's Most Promising Companies[2] for its unique "clicks and bricks" model that blends online shopping and brick-and-mortar stores.[3]

In June 2014, Ritani announced that the former Blue Nile CEO Diane Irvine had joined the company's board of directors. Ritani's independent jewelry store partners network has over 180 locations across the United States and Canada. The focus of "clicks and bricks" is to assist the customer in ring design,[4] Ritani also offers a free in-store preview[5] and has an inventory of over 60,000 diamonds ranging in price from $184 to $1.7 million.[6]

References
  1. Julius Klein Sells Stake in Ritani as Brand Launches E-Commerce Site, Bates, Rob. JCK Online. Published October 11, 2012; retrieved April 9, 2014.
  2. America's Most Promising Companies List. Forbes. Published January 2014; retrieved May 16, 2014.
  3. Ritani on Forbes America's Most Promising Companies List. Forbes. Published January 2014; retrieved May 16, 2014.
  4. This Month in Bespoke: Ritani. Markets Media. Published February 24, 2014; retrieved May 16, 2014.
  5. How is Ritani Disrupting Luxury Retail?. Bloomberg TV. Published February 14, 2014; retrieved May 16, 2014.
  6. Dealing diamonds online. Opening Bell with Maria Bartiromo. Published May 13, 2014; retrieved May 16, 2014.
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