December 2022 | Lab Grown Magazine

December 2022 | The Lab Grown Diamond Resource Book 12 To advertise call (888) 832-1109 | December 2022 13 DISCLAIMER: Lab Grown Magazine assumes no responsibility for content, articles, or advertisement in publication. All rights reserved. Reproduction in whole or in part in any form without prior written permission of the publisher is prohibited. The publisher reserves the right to edit all articles for clarity space and editorial sensitivities. Publisher Zev Oster Manager David Oster Features Writer Dan Scott Graphics / Production Kim Kennelly LabGrownAds@gmail.com Advertising & Sales LabGrownMagazine@gmail.com Circulation 23,000 Magazines Printed &Mailed Monthly Distributed at Show Bins PO Box 683 Pomona, NY 10970 T: 888-832-1109 F: 212-257-7056 www.LabGrownMagazine.com Find us on A division of Zev STUDS - ROUND & FANCIES BRIDAL RINGS WEDDING BANDS TENNIS BRACELETS TENNIS & RIVIERA NECKLACES Manufacturer & Wholesaler Melee & Pointers Certified Diamonds Jewelry Memo Program A New Diamond World “Tomorrow belongs to the people who prepare for it today.” That’s an old African proverb and one that will forever be great advice for the diamond sector worldwide. We’re witnessing a diamond future being built today. A future where younger generations of the now will be the primary diamond client in less than a decade. The attitudes of new generations guide settings, stone cuts, color, carat weights and the threshold of spending per season per segment. Consider incorporating multiple trusted sources for your data verses taking in content from one diamond analyst. If you’re content with small nuggets of news, you may also become too comfortable with a single source of information swaying your business strategy. Consider finding the time to cultivate a personalized diamond value chain dashboard of data. This may sound like a lot of work, but it’s really a means of your own checks and balances. Providing yourself and your business with your own custom insights populated from multiple sources is good business. One example is the De Beers Group yearly Diamond Insight Report. Have you downloaded your free access culled from sources including the S&P Capital IQ Pro and large holding companies like, LVMH? Your copy of A New Diamond World awaits at tinyurl.com/DiamondInsight2022 Above- trend wage growth and the steady pace of US employment expansion related to consumer diamond demand are featured in this report. The high rate of inflation and the global economic challenges caused by the Russia-Ukraine conflict are also taken into account. Even with a drop-off of total diamond sales filtered through engagement rings, we know the LG sales portion is growing, slowly but steadily. How you measure this change and how you communicate your findings to your sales channels should be in your “to do” list since doing so only helps you and your business thrive. Identifying consumer diamond preferences evident today will shape the everchanging lab-grown and natural diamond consumer purchase journey of your business future. Here’s to a strong, healthy, progressive and dynamic December for all of our readers.