Ritani

Ritani is a fine jewelry company specializing in engagement rings and bridal jewelry. The company is based in New York. Initially, a wholesale jewelry brand, customers are able to design a custom engagement ring online.[1]

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.[2] In January 2014, Ritani was selected for the Forbes list of America's Most Promising Companies[3] for its unique "clicks and bricks" model that blends online shopping and brick-and-mortar stores.[4]

In June 2014, Ritani announced that the former Blue Nile CEO Diane Irvine had joined the company's board of directors.[5] Ritani's independent jewelry store partners network has over 180 locations across the United States and Canada.[6] The focus of "clicks and bricks" is to assist the customer in ring design,[7] Ritani also offers a free in-store preview.[8] Ritani has an inventory of over 60,000 diamonds ranging in price from $184 to $1.7 million.[9]

References
  1. Engagement ring designer Ritani sparkles with $15M, combines clicks with bricks, Cook, John. GeekWire. Published October 11, 2012; retrieved April 9, 2014.
  2. Julius Klein Sells Stake in Ritani as Brand Launches E-Commerce Site, Bates, Rob. JCK Online. Published October 11, 2012; retrieved April 9, 2014.
  3. America's Most Promising Companies List. Forbes. Published January 2014; retrieved May 16, 2014.
  4. Ritani on Forbes America's Most Promising Companies List. Forbes. Published January 2014; retrieved May 16, 2014.
  5. Tech Moves: Zillow CMO named to Avvo board; Blue Box bolsters team; Dendreon CEO out; Snap Skout's new COO and more. GeekWire. Published June 10, 2014; retrieved June 16, 2014.
  6. Ritani Creates RFID Solution to Engage Shoppers, Increase Sales, Swedberg, Claire. "RFID Journal". Published June 3, 2014; retrieved June 4, 2014.
  7. This Month in Bespoke: Ritani. Markets Media. Published February 24, 2014; retrieved May 16, 2014.
  8. How is Ritani Disrupting Luxury Retail?. Bloomberg TV. Published February 14, 2014; retrieved May 16, 2014.
  9. Dealing diamonds online. Opening Bell with Maria Bartiromo. Published May 13, 2014; retrieved May 16, 2014.
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