Search results: lab-grown

Alexandra_Forbes[1]

Meet Alexandra Gucci Zarini, Keeping Alive Aldo’s Legacy With AGCF Luxury Fashion Brand

Gucci stands alongside other elite names in the luxury pantheon, such as Louis Vuitton, Dior, Hermès, Chanel and Cartier. However, under the ownership of luxury conglomerate Kering, the Gucci brand has taken quite a fall, unlike its luxury cohorts.  Gucci revenues dropped by nearly 30% over the past two years, from $10.9 billion (€10.5 billion) […]

ben-white-tX4-tYibILg-unsplash

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, […]

kieran-somerville-Vwp37SvpUwY-unsplash jewelry store

Jewelry Retailers Must Prepare for a Customer Retreat and Signet Has Been Preparing for this Day

A remarkable thing happened during and after the pandemic: Jewelry sales went through the roof. Personal consumption of jewelry reached $94.6 billion in 2021, up over 50% from the $62.3 billion spent in 2020, according to the Bureau of Economic Analysis’ (BEA) underlying data. Across the board, American consumers bought a ton of stuff in […]

diamonds photo-1599707367072-cd6ada2bc375

Diamond Jewelry Industry Faces a New Threat: Russia Sanctions

Mere weeks ago, Bain and the Antwerp World Diamond Center (AWDC) issued their annual “Global Diamond Industry” report, recounting the diamond jewelry industry’s “brilliant recovery” from the pandemic downturn. Covering the entire diamond value chain from production to consumer sales, it reported, “In 2021, revenue increased 62% [year-over-year] in the diamond mining segment, 55% for […]

Diamond rings

Diamond Jewelry Sales Are Booming, but Can It Last?

Despite the disruptions from the pandemic, declining marriage rates and the growing availability of lab-grown diamonds as a less expensive but structurally and chemically identical substitute for the natural alternative, the market for natural, mined diamond jewelry has barely skipped a beat. Independent research firm, Edahn Golan Diamond Research & Data reports that overall U.S. […]