R2Net, Inc. - JamesAllen.com
Jewelry eCommerce Solutions
Company Overview
Snapshot
Founded in March 2006 by Oded Edelman, R2Net, Inc. - JamesAllen.com operates with 201–500 employees. The company raised $25 million across one funding round from IGP - Israel Growth Partners. In August 2017, the company was acquired by Signet Jewelers.
Business overview
R2Net, Inc. - JamesAllen.com provides an eCommerce and supply chain platform that integrates the diamond industry's ecosystem, connecting manufacturers, retailers, and consumers. The company's core technology involves displaying highly magnified 360-degree high-definition images of diamonds on its D-Market and JamesAllen.com platforms. This enables digital transactions, reducing the expenses and delays associated with traditional brick-and-mortar alternatives. R2Net operates in the Retail Platforms sector, serving the jewelry and consumer goods markets, primarily in the United States.
Strategic signal
In August 2017, R2Net, Inc. - JamesAllen.com was acquired by Signet Jewelers for $328 million. This acquisition highlights the increasing consolidation within the online jewelry retail sector and Signet Jewelers' strategic move to enhance its digital capabilities and market reach, signaling a significant shift towards e-commerce in the luxury goods market.
Company Intelligence Q&A
- What is R2Net, Inc. - JamesAllen.com's primary business?
- R2Net, Inc. - JamesAllen.com operates an eCommerce and supply chain platform that connects the diamond industry's ecosystem, including manufacturers, retailers, and consumers, through brands like JamesAllen.com, Segoma, D-Market, and Brio Animation Studio.
- When was R2Net, Inc. - JamesAllen.com founded?
- R2Net, Inc. - JamesAllen.com was founded in March 2006.
- Who acquired R2Net, Inc. - JamesAllen.com?
- R2Net, Inc. - JamesAllen.com was acquired by Signet Jewelers in August 2017.
- What was the acquisition amount for R2Net, Inc. - JamesAllen.com?
- Signet Jewelers acquired R2Net, Inc. - JamesAllen.com for $328 million in August 2017.
- Which company did R2Net, Inc. - JamesAllen.com acquire?
- R2Net, Inc. - JamesAllen.com acquired Segoma in February 2015.