Lower priced lab-grown diamonds have disrupted the jewelry market, causing natural diamond sales to drop. However, a countertrend of raw, uncut diamonds is emerging.
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Kay, Zales, Jared Drive 6% Growth As Signet Bets Big On Lab-Grown Diamonds
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.
De Beers Launches Major Industry-Wide Campaign To Promote Natural ‘Desert Diamonds’
De Beers launched its largest diamond campaign in a decade to promote “Desert Diamonds,” natural colored stones, emphasizing rarity, uniqueness and connection to nature.
U.S. Jewelry Market Faces Headwinds As Luxury Consumer Demand Retreats
The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry purchases this year.
Jewelry Market Splinters As True Luxury Richemont Rises And Accessible Signet Falls
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
