FOR IMMEDIATE RELEASE
RENAISSANCE DIAMONDS INC. LAUNCHES
THE REBIRTH OF THE DIAMOND
New Venture by the Successful K&G Creations and JewelNet Corp. to Market Gemesis Cultured Diamond Jewelry Using New Proprietary Diamond Cut
Boca Raton, FL - August 23rd, 2007- Hot on the heels of signing a supply agreement with Gemesis, the world's leading producer of cultured diamonds, K&G Creations and JewelNet Corp have formed a new company. The new entity named Renaissance Diamonds Inc. will manufacture, distribute and market jewelry containing Gemesis Cultured Diamonds™. To differentiate itself from other Gemesis Select Customers, the company plans to use The Renaissance Cut™, a patented and proprietary diamond cut as well as their new "80's Cut™" an enhanced brilliant round cut with spectacular fire and color.
The Renaissance Cut™ combines the beauty and brilliance of the Antique Cushion and Asscher Cuts. Created from Gemesis Cultured Diamonds™, this amazing, perfectly faceted, fancy colored diamond ranges in shades from vivid yellow to vibrant orange. When compared to other diamond cuts in fancy colors, The Renaissance Cut™ will literally take your breath away. For the lovers of the brilliant round cut, the "80's Cut™" has enhanced faceting to display a dazzling and fiery dance of color.
The Renaissance 18Kt gold and Palladium collection debuted at the JCK Jewelry Show in Las Vegas in June 2007 garnering applause from many upscale independent retailers and regional chains. At the JA NY Jewelry Show in July 2007, a stunning selection of new designs was unveiled including fashion and engagement rings, pendants and earrings featuring The patented and beautiful Renaissance Cut™ diamonds.
"The Renaissance Collection gives the consumer the opportunity to own the most beautiful, high-quality diamonds that traditionally only a handful of very wealthy individuals could possess," says Neil Koppel, president and CEO of Renaissance Diamonds Inc. "Drawing from the more than decade of expertise and success that K&G Creations and JewelNet had in pioneering and establishing consumer demand for "created fine jewelry" specializing in Moissanite, we're confident that the The Renaissance Cut™ and "80's Cut™" featuring Gemesis Cultured Diamonds™ have the potential to own a substantial percentage of the projected 20% by 2012 of the $74 billion diamond market.
About Renaissance Diamonds Inc. K&G Creations
and JewelNet Corp.
K&G Creations and JewelNet Corp. located in Boca Raton, Florida, was the first and largest manufacturer of jewelry featuring Charles & Colvard created Moissanite. K&G Creations was formed in 1996 to focus exclusively on developing and manufacturing Moissanite jewelry. Working against the conventional belief that fine jewelry retailers couldn't sell a new category of created jewelry, K&G has shaped many new profit centers with Moissanite and garnered the nation's largest retailers. Renaissance Diamonds Inc. is building on the success and lessons learned with created jewels to develop the cultured diamond market. Jewelry designed with the proprietary and patented Renaissance Cut™ and the "80's Cut™" in 18kt and platinum, gives retailers and consumers an affordable luxury with quality fancy diamond in vivid colors. There isn't a week that goes by where the press reports that the glitterati and celebrities are selecting fancy colored diamonds for their engagement or fashion designs. It is remarkable how much fancy diamonds are steadily gaining in popularity.
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