diff --git a/src/command/stamp/index.ts b/src/command/stamp/index.ts
index f38e0f1c..2896c0dc 100644
--- a/src/command/stamp/index.ts
+++ b/src/command/stamp/index.ts
@@ -4,6 +4,7 @@ import { Create } from './create'
 import { Dilute } from './dilute'
 import { Extend } from './extend'
 import { List } from './list'
+import { Rename } from './rename'
 import { Show } from './show'
 import { Topup } from './topup'
 
@@ -12,5 +13,5 @@ export class Stamp implements GroupCommand {
 
   public readonly description = 'Buy, list and show postage stamps'
 
-  public subCommandClasses = [List, Create, Extend, Buy, Show, Dilute, Topup]
+  public subCommandClasses = [List, Create, Extend, Buy, Show, Dilute, Topup, Rename]
 }
diff --git a/src/command/stamp/rename.ts b/src/command/stamp/rename.ts
new file mode 100644
index 00000000..5434f8f8
--- /dev/null
+++ b/src/command/stamp/rename.ts
@@ -0,0 +1,33 @@
+import { Argument, LeafCommand, Option } from 'furious-commander'
+import { pickStamp } from '../../service/stamp'
+import { stampProperties } from '../../utils/option'
+import { StampCommand } from './stamp-command'
+
+export class Rename extends StampCommand implements LeafCommand {
+  public readonly name = 'rename'
+
+  public readonly description = 'Update the label of a postage stamp'
+
+  @Argument({ key: 'label', description: 'New label for the postage stamp' })
+  public label!: string
+
+  @Option(stampProperties)
+  public stamp!: string
+
+  public async run(): Promise<void> {
+    super.init()
+
+    if (!this.stamp) {
+      this.stamp = await pickStamp(this.bee, this.console)
+    }
+
+    if (!this.label) {
+      this.label = await this.console.askForValue('Please provide a new label for the postage stamp:')
+    }
+
+    await this.bee.updatePostageBatchLabel(this.stamp, this.label)
+
+    this.console.log(`Postage stamp ${this.stamp} has been successfully renamed to '${this.label}'`)
+    this.console.log(`Check it later with swarm-cli stamp show ${this.stamp}`)
+  }
+}
diff --git a/test/prompt/stamp-prompt.spec.ts b/test/prompt/stamp-prompt.spec.ts
index e4641c85..836d1b49 100644
--- a/test/prompt/stamp-prompt.spec.ts
+++ b/test/prompt/stamp-prompt.spec.ts
@@ -1,20 +1,38 @@
 import chalk from 'chalk'
 import inquirer from 'inquirer'
-import { describeCommand, invokeTestCli } from '../utility'
 import { createKeyValue } from '../../src/utils/text'
+import { describeCommand, invokeTestCli } from '../utility'
+import { getStampOption } from '../utility/stamp'
+
+describeCommand('Postage stamp prompt', ({ consoleMessages, getNthLastMessage }) => {
+  describe('Price estimation', () => {
+    it('stamp buy should prompt for price confirmation', async () => {
+      jest.spyOn(inquirer, 'prompt').mockResolvedValueOnce({ value: false })
+      await invokeTestCli(['stamp', 'buy', '--depth', '24', '--amount', '596046400'])
+      expect(consoleMessages[0]).toBe(createKeyValue('Estimated cost', '0.9999999198822400 xBZZ'))
+      expect(consoleMessages[1]).toBe(createKeyValue('Estimated capacity', '40.084 GB'))
+      expect(consoleMessages[2]).toBe(createKeyValue('Estimated TTL', '34 hours'))
+      expect(inquirer.prompt).toHaveBeenCalledWith({
+        message: 'Confirm the purchase',
+        name: 'value',
+        prefix: chalk.bold.cyan('?'),
+        type: 'confirm',
+      })
+    })
+  })
 
-describeCommand('Postage stamp price estimation prompt', ({ consoleMessages }) => {
-  it('stamp buy should prompt for price confirmation', async () => {
-    jest.spyOn(inquirer, 'prompt').mockResolvedValueOnce({ value: false })
-    await invokeTestCli(['stamp', 'buy', '--depth', '24', '--amount', '596046400'])
-    expect(consoleMessages[0]).toBe(createKeyValue('Estimated cost', '0.9999999198822400 xBZZ'))
-    expect(consoleMessages[1]).toBe(createKeyValue('Estimated capacity', '40.084 GB'))
-    expect(consoleMessages[2]).toBe(createKeyValue('Estimated TTL', '34 hours'))
-    expect(inquirer.prompt).toHaveBeenCalledWith({
-      message: 'Confirm the purchase',
-      name: 'value',
-      prefix: chalk.bold.cyan('?'),
-      type: 'confirm',
+  describe('Rename postage stamp', () => {
+    it('should prompt for new name', async () => {
+      jest.spyOn(inquirer, 'prompt').mockResolvedValueOnce({ value: 'new-stamp-name' })
+      await invokeTestCli(['stamp', 'rename', ...getStampOption()])
+      expect(getNthLastMessage(2)).toContain(
+        `Postage stamp ${getStampOption()[1]} has been successfully renamed to 'new-stamp-name'`,
+      )
+      expect(inquirer.prompt).toHaveBeenCalledWith({
+        message: 'Please provide a new label for the postage stamp:',
+        name: 'value',
+        prefix: chalk.bold.cyan('?'),
+      })
     })
   })
 })