Paramount Gems

What Paramount Gems does

Paramount Gems is a privately held, family-owned diamond and jewelry retailer describing itself as a 7th-generation business operating for over four decades, with a primary contact location in New York City based on a 212-area-code phone number. Its core offering is fine diamond jewelry organized into four branded collections — Flexible, Basic, Miracle Mark, and Lab Grown — plus a Ring Guard Collection, spanning finished pieces (engagement rings, wedding bands, earrings, bracelets, necklaces, pendants) and loose diamonds. Ring configurations include Solitaire, Three Stone, Side Stone, and Halo styles, and bespoke/custom design services are available alongside standard catalog items.

The company runs direct-to-consumer e-commerce through its website (paramountgems.com) and dedicated iOS and Android applications, supplemented by FlippingBook-based digital catalogs. A separate B2B engagement operates via a dedicated business email and phone line, targeting retail partners seeking wholesale supply. Operations are described as vertically integrated from sourcing through fulfillment, with both natural and lab-grown diamond options offered. The leadership team is the Jain family — Panna Jain (Owner), Parag Jain (CEO), and Anurag Jain (President) — and no external investors, parent company, or funding rounds are disclosed.

Pricing is quote-based rather than publicly disclosed, and revenue figures are not shared. The firm reports 11–50 employees, has no listed awards, patents, certifications, or partnerships, and provides no public social media or careers links; there are no press releases, M&A activity, or leadership changes recorded. Distribution is global in principle via online channels, while the documented physical footprint is a single New York-area contact point.

Name

Paramount Gems

Legal name

Paramount Gems

Website

https://paramountgems.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Paramount Gems is a privately held, family-owned (7th-generation) diamond and jewelry retailer based in New York that sells engagement rings, wedding bands, and fine diamond jewelry directly to consumers via its website and mobile apps and to retail partners via a dedicated wholesale channel.

Ownership category

akta.pro rank

Product category

Fine Diamond Jewelry

NAICS

Jewelry Retailers (458310), Jewelry and Silverware Manufacturing (33991), Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394)

SIC

Retail-Jewelry Stores (5944), Jewelry, Precious Metal (3911), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro industry

PRIMARYCRAKAGAA

Fine Jewelry Retail (Precious Metals & Gemstones)

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Jewelry & Watch Retail (Omnichannel/Specialty)

SECONDARYCRAKAAAA

Diamond Jewelry

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Fine Jewelry (Precious Metals & Gemstones)

SECONDARYCRAKACAA

Engagement Rings

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Bridal & Engagement Jewelry

SECONDARYCRAKAHAA

Bespoke Fine Jewelry (Precious Metals & Gemstones)

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Custom Jewelry Design & Bespoke

SECONDARYCRAKAIAA

Fine Jewelry Manufacturing (Precious Metals & Gem-Set)

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Jewelry Manufacturing & Private Label

Keywords

• Fine diamond jewelry
• Engagement rings
• Bridal jewelry
• Lab-grown diamonds
• Bespoke jewelry design

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Diamond Jewelry Retail: Sale of fine diamond jewelry including engagement rings, wedding bands, earrings, bracelets, necklaces, and pendants. Also offers loose diamonds for individual purchase.
2. Custom/Bespoke Jewelry: Bespoke jewelry creation services for customers seeking unique, tailored designs beyond standard collections.
3. Lab Grown Diamonds: Sale of lab-created diamond jewelry as part of the Lab Grown Collection, offering an alternative to natural diamonds.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Paramount Gems designs, crafts, and sells fine diamond jewelry across four branded collections (Flexible, Basic, Miracle Mark, and Lab Grown) plus a Ring Guard Collection. The product portfolio spans engagement rings, wedding bands, earrings, bracelets, necklaces, pendants, and loose diamonds in both natural and lab-grown varieties. The company also offers bespoke custom jewelry design services for tailored pieces. All products are sold through the company's own e-commerce website and native mobile applications, with a secondary wholesale channel serving jewelry retailers.

Product overview

Paramount Gems is a 7th-generation family-owned diamond and jewelry business operating an e-commerce platform. The company offers four main collections (Flexible Collection, Basic Collection, Miracle Mark Collection, and Lab Grown Collection) plus a Ring Guard Collection. The product portfolio spans loose diamonds and finished jewelry across six product categories: rings (including engagement rings available in Solitaire, Three Stone, Side Stone, and Halo styles), earrings, bracelets, pendants, and necklaces. Collections range from flexible bangles and signature studs to bespoke creations, with both natural and lab-grown diamond options. The company emphasizes vertically integrated operations from sourcing to fulfillment.

Differentiator

Problem solved

Functional benefit

Brands

• Miracle Mark Collection: A branded jewelry collection featuring Miracle Mark diamonds.
• Lab Grown Collection
• Flexible Collection
• Basic Collection

Products and services

• Flexible Collection A jewelry collection featuring flexible designs, including flexible bangles, offering adaptable and versatile pieces to consumers seeking distinctive diamond jewelry.
• Basic Collection A foundational jewelry collection with classic, timeless designs offering essential diamond pieces to consumers.
• Miracle Mark Collection A distinctive jewelry collection featuring Miracle Mark branding and hallmark designs offered to consumers.
• Lab Grown Collection A collection of ethically sourced lab-created diamonds and corresponding jewelry pieces offered as an alternative to natural diamonds.
• Ring Guard Collection A collection of ring guard pieces designed to protect and enhance engagement rings.
• Loose Diamonds Individual loose diamonds available for purchase without settings, offered in various clarities, cuts, and carat weights to consumers and jewelers.
• Rings Diamond engagement rings and wedding bands available in Solitaire, Three Stone, Side Stone, and Halo styles for bridal and fashion buyers.
• Earrings Diamond earrings including signature studs and various earring styles drawn from the company's collections.
• Bracelets Diamond bracelets including flexible bangles and various bracelet styles from the company's collections.

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Leibish & Co. Online diamond and fine jewelry specialist with vertically integrated sourcing, an emphasis on fancy color and natural diamonds, and bespoke design — closely comparable to Paramount Gems' DTC, loose-diamond, and bespoke offerings.
• Blue Nile: Online-first diamond and fine jewelry retailer (owned by Signet Jewelers) specializing in engagement rings, loose diamonds, and bridal jewelry — a near-direct comparator to Paramount Gems' DTC diamond and bridal offering.
• James Allen: Online diamond and engagement-ring retailer with transparent pricing, customization, and a large loose-diamond inventory — directly comparable to Paramount Gems' e-commerce and engagement-ring focus.
• Brilliant Earth: Ethically-sourced fine jewelry retailer with strong emphasis on lab-grown and recycled metals; parallels Paramount Gems' vertically integrated, ethically-sourced positioning and its Lab Grown Collection.
• Ritani: Online-first diamond jeweler offering loose diamonds, engagement rings, and bridal settings with both natural and lab-grown SKUs — directly comparable to Paramount Gems' diamond retail assortment.

Broad incumbents

• Kay Jewelers: Large omni-channel fine jewelry retailer (Signet) carrying engagement rings, fashion diamond jewelry, and bespoke programs — competes with Paramount Gems for bridal and fashion diamond purchases.
• Tiffany & Co. Iconic luxury jewelry brand with a flagship NYC presence, broad bridal and fashion jewelry assortment, and global brand recognition — a broader incumbent against whom Paramount Gems competes in the bridal and fine jewelry space.
• Zales: National omni-channel fine jewelry chain (Signet) carrying diamond engagement rings, fashion jewelry, and bespoke programs — a broad incumbent competitor in fine and bridal diamond jewelry.
• Harry Winston: High-end fine jeweler specializing in diamond jewelry and bridal — overlaps with Paramount Gems' natural diamond engagement-ring assortment at the upper end of category pricing.
• De Beers Jewellers: Vertically integrated diamond mining-to-jewelry brand with bridal and fine diamond jewelry retail — overlaps with Paramount Gems' natural-diamond bridal assortment and represents an integrated benchmark.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/paramountgems
• LinkedInlinkedin.com/company/paramountgems

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Gems