Lumiere kicked off in late 2020, bringing together a community of the most exciting independent luxury brands and contemporary, emerging designers hailing from different regions and diverse cultural backgrounds across the globe, to stand out and compete globally, while rewarding our customer base with a top-notch shopping experience.
Jewelry retail is ultimately going online, but customers, more than ever, need the proper tech to make informed decisions and build trust in a brand. We’re investing in virtual shopping to help our customers try on our products exactly as in offline showrooms.
Our platform is targeting the USA market, with an offline TAM resting at $58B. Only 14% of the market is currently online at $7.6B, and this figure is growing by a whopping 14% Year On Year.
Our business model is a very simple cost-plus markup model with a current benchmark of 35% gross margins, scalable to 75% within the next 2 years, with wholesale deals, private labeling, and introducing our own manufactured original collections.