THE STORY: Born into a jewelry-making family, Fred Magnanimi founded Luca + Danni Inc. in honor of his brother Danny, who died young, while naming it after his son and daughter, as well as his brother. The Cranston-based company has been one of the fastest-growing in Rhode Island since its founding in 2014, and Magnanimi sees that market growing more every day.
› Luca + Danni jewelry is made in Cranston, where the company has 61 employees
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› Full production uses eight to 10 people, including outside vendors, with final assembly being done in the Rhode Island factory
› On average, each assembly artisan can make 30 bracelets per hour
› The Mama Stack retails for $84, and is made using Swarovski crystals, as well as brass and artisan metals in brass or silver tone finishes.
› Core bracelets range in price from $28 to $38
› Luca + Danni will make roughly 700,000 bracelets in 2019 and expects to double that in 2020
› Why Rhode Island? Fred Magnanimi says that the state “contains a unique skill set in jewelry design, manufacturing and production … it gives us a huge competitive advantage”
