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Renaissance Retail Venture Private Limited (RRVPL), a 100 per cent subsidiary of Renaissance Jewellery Ltd (RJL), has launched its first exclusive store of the international brand \'Lucera\', at the Atria Mall in Mumbai.`
Former Miss India Neha Dhupia inaugurated the store. Renaissance Jewellery intends to invest around Rs 17 crore in RRVPL for establishing a retail chain of Lucera stores in India and is planning to open 25 outlets over a period of one year. Its collection in sterling silver, 18K gold and diamonds for prêt, evening and work wear starting at Rs 750 is targeted at today's modern youth.A 100 per cent export-oriented unit, RJL is a leading manufacturer of studded gold, platinum and silver jewellery. The company has two manufacturing units located at SEEPZ and SEZ, Andheri, Mumbai and at Bhavnagar in Gujarat.