August 2024 | Lab Grown Magazine

August 2024 | The Lab Grown Diamond Resource Book 24 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | August 2024 25 hite Just one of a growing number of consumer diamond buying sites offering natural and lab with sliding scales for filtering Take note of the the red bracketed sections and you’ll see we are in a pivot change of positivity where lab and natural shake hands all the way to the bank as lab prices in 6-7 carats as shown here in D color, F Clarity, Excellent to Ideal cuts aren’t the exception, they are the new norm. All the way to 20cts! Clean Origin recently upgraded their slide to filter \ up to 20ct D flawless lab diamond centers. All appear to be graded by IGI but we’ll learn how serious GIA is about taking the lead in the lab-grown grading category. Photo: Clean Origin Before consumers question the negative natural stance of a “no resale LGD value” of a sacred ring worn (hopefully) every day for the rest of her life consumers could fall out of love with diamonds as quickly as it fell into the relationship. What then? A major drop in diamond desire means no jewelry business – at least not the one was used to. Want to avoid becoming the Blockbuster of blunders? Read on… The Six Figure LGD (not including a platinum setting) We must be two of a kind for this plan to work. And work it shall for high margins and the magic word: hybrid. Allow the consumer the win they want: Much larger center stones. Saks is playing that game. So is Signet’s James Allen (they give away a simple mounting most upgrade from as they are still jaw dropped at redoing their site it include up to 20cts in VVS1 D flawless at over $100k Blue Nile is in lock step too. Yet, the best surprise waits just sentences away. Two of a Kind Remember: Automobiles have electric or combustible engine options. Milk has moved over its own-labeled grocery store isle sold with Soy. Natural fur is back in full swing sells (except in California) as faux fur satisfies the opposite crowd. Saks and Neimans (since the merger, will sell both, and both sell well). PCs and IOS, Landlines and mobile phones. The tag team list goes but not yet for our industry. Not until we use all these keys to open select doors of opportunity (and a few windows to let in some fresh air wouldn’t hurt). Looking at a recent study by Shane, most Americans paid between $2,001 and $5,000 for their engagement ring (41%) while others paid: • Between $5,001 and $8,000 (27%) *Note it’s the center stone size, not the lowest price that moves the needle for many. Shane’s next study claims to add a price level of $9,000- $12,000 and they are also considering adding a $13,000- $16,000 range as their custom work has gone as high as 11.5cts in near D Flawless VVS2 • $2,000 or less (21%) • Between $8,001 and 10,000 (6%) • Between $10,001 and $15,000 (3%) Yes, the majority of lab engagement rings is still averaging a bit below 2 carats in natural or lab, and often set in 14k white gold; retails floating between $5.5-6.5k. As fast as consumer adapted to lab diamonds by word-of-mount and mild designer PR, change is in the air, within stores and online. Some analysts think D Flawless in 4-6cts may be the new LGD standard soon. Could the fighting diamond twins become bosom brothers? They have to or lab-grown market share will continue to dominate the bridal sector. Shown in Platinum (much more reasonable priced than the current gold trading cost and a preferred non-plated precious white metal that once ruled luxury bridal secures a small 0.75 VS1 G color enlarged to show detail and prompt attention at under $5,000 (all lab diamond accents and mounting with center stone graded by IGI). Photo:02 De- signs