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RAPAPORT... Forbes named the top 100 ''most promising'' companies in the U.S. for 2014 and a few of the firms were directly or indirectly involved with the diamond and jewelry industry.
The annual list ranked high-growth, privately held firms that reported revenue of less than $250 million for the most recent year. Additionally, Forbes looked for ''sustainable growth'' in the top 100, along with strong sales, responsible hiring practices, quality of the management team and its investors, solid margins, market size and key partnerships. The only jeweler to be named on the list, coming in at No. 40, was Ritani, a company that designs and manufactures jewelry and bridges the online shopping experience with a brick-and-mortar network of its fine jewelers. Ritani reported revenue of $13 million and employs 45 professionals, according to the list.
“It’s an honor to be recognized by Forbes as one of our nation’s most promising companies,” said Brian Watkins, Ritani's president. “We look forward to continuing our growth in 2014, welcoming customers new and old, while developing our robust network of trusted local jewelers.”
Other industry-related companies included WeddingWire.com with revenue of $34 million and it was ranked at No. 27, ShopKick.com with revenue of $26 million and it ranked at No. 35, Brad's Deals (bradsdeals.com) reported revenue of $18 million and it scored at No. 79 and fashion and lifestyle website PureWow.com scored at No. 83 and reported revenue of $3 million.
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