Author: Alex Klimchenko
Alex Klimchenko has been closely working with lab-grown diamonds for nearly a decade and has witnessed every step in all the details, from their creation in labs to the retail process. As a regular participant in jewelry shows and LaBrilliante sales expert, he carefully studied each level of the jewelry industry. So when the opportunity came to merge his two passions, the diamond market and journalism, he couldn't resist. Being an ex-writer for several entertainment magazines, Alex now writes in the LaBrilliante blog on a regular basis and is eager to share his insights and opinions about the industry with every LaBrilliante customer.
Lab Diamonds Are The Key To Increasing The Jewelry Sales This Season
Independent jewelers are likely to have the busiest holiday season in a long time. Shane Decker, diamond sales expert, thinks that the younger generations purchasing their first diamond studs and engagement rings with 2 to 5 carat diamonds may be the fuel for the growing numbers of sales. And new generations bring new trends.
60% of UK Couples May Pick Lab-Grown Diamond for Engagement Ring
Lab-grown diamond acceptance is increasing rapidly across The United Kingdom. Man-made diamonds have been getting more and more trendy in The US for the past few years, with over half of American retailers selling them now.
Lab-Grown Diamonds Are Surpassing Expectations
In 2020 the lab-grown diamond industry experienced an unprecedented increase. The global lab-grown diamond market size was valued at $19.3 billion in 2020.
Wedding Boom To Raise Lab-grown Diamond Sales Significantly
At the same time more and more brick-and-mortars started offering lab-grown diamonds to the public following big online brands. Marty Hurwitz of MVEye reported that over half of the US’s independent jewelers will offer man-made gems this season. Major retail chains will follow the lead. Signet, the biggest jewelry retailer, will add lab-grown diamond collections to their stores after successfully testing this category online last year.
Certified Sustainability: LaBrilliante Welcomes New Lab-Grown Diamond Standards
According to last week’s announcement, the Responsible Jewelry Council is planning to set up the standard for laboratory-grown materials (LGM). The standard will include guidelines that refer to the practice and sourcing of the lab-grown diamonds and gemstones used in jewelry production.
Ethical Diamonds: Should Lab-grown Gemstones Be Opposed To The Mined Ones?
While most consumers who choose lab-created diamonds do that because of the affordable prices, there are still those who prefer man-made gems for other reasons. Ethics and theoretical environmental benefits are among the main selling factors, especially for younger consumers.
Cartier’s Descendant Starts A Lab-grown Diamond Jewelry Collection
A few months after the Pandora’s Brilliance collection announcement, another big name in the industry introduced a lab-grown diamond jewelry line. Oui by Jean Dousset, a great-great grandson of Cartier's founder, is a collection of semi-custom lab-grown diamond jewelry sold directly to the consumer through the designer’s online platform.
The World Is Catching Up: Lab-Grown Diamonds Are Getting Trendy Outside The US
The United States plays a unique role as the center of the diamond jewelry retail business and a trendsetter for the world. Retailers have been successfully selling lab-grown diamonds in The USA and Canada for several years, with annual sales only growing each year.
Recent Reports Show Significant Increase of Consumers Interest in Lab-Grown Diamonds
Amidst Pandora’s announcement we turn to recent reports by various reputable sources to confirm that going forward with lab-grown diamonds is the right move.