Signet Jewelers raised year-end guidance, driven by strong Q3 sales and the growing demand for lab-grown diamonds (LGDs). LGDs are boosting average unit retail prices.
Archive | Lab-grown diamonds
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An Engagement Gap Is Challenging Jewelers: How Three Major Jewelry Brands Will Manage
It’s been three years since the pandemic threw a monkey wrench into the more or less stable wedding market and disrupted the evergreen bridal jewelry business that fine jewelers depend upon. From 2000 to 2019, some 2.2 million weddings took place each year on average. Then couples hit the pause button with lockdowns in place, […]
VRAI Is Diamond Foundry’s Channel To Make Lab-Grown Diamonds True Luxury
Couples are increasingly choosing a lab-grown diamond for their all-important diamond engagement ring purchase. The Wall Street Journal reported that more than one-third of U.S. couples chose a lab-grown center stone in 2022, based upon a survey conducted by The Knot among nearly 12,000 engaged couples. Younger couples purchase lab-growns at a far higher rate than […]
Pandora Proves It Is More Than Charms With A New Lab-Grown Diamond Jewelry Collection
Pandora Jewelry is the world’s largest jewelry brand, generating some $3.2 billion last year by selling over 102 million pieces of jewelry in 100+ countries through 6,800 points of sale, including some 2,400 of its own stores. It became what it is today by reimaging the classic charm bracelet in 2000, which remains the company’s […]
Lab-Grown Diamonds Have Earned Luxury Status
In 2018, the FTC permitted “a mineral consisting essentially of pure carbon crystallized in the isometric system” to be described as a “diamond,” whether naturally occurring or man-made. Ever since then, the jewelry establishment has been erecting barriers of entry for lab-grown diamonds into their lucrative $84 billion global market. The Natural Diamond Council established […]
