September 2023 | Lab Grown Magazine

September 2023 | The Lab Grown Diamond Resource Book 20 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | September 2023 21 ore diamonds, more demand. That’s what the industry news seems to be announcing of late. That, and the spike in lab-grown diamond (LGD) seemingly about to dominate market share over mined stones. For those riding a high LGD horse, this story might ground you. As LGDs continue to take center stage, don’t allow yourself to become a lab diamond diva. The entire LGD sector couldn’t have begun without the seed of a natural diamond. And, diamond desire has been motivated by decades of strategy, which could be overturned by man-made excess and mudslinging. Edahn Golan, one of the diamond industry’s respected diamond data analysts released the above chart on March 30, 2023. While dynamic, a question may remain on the percentage of walk-in jewelry stores, related e-commerce sites and significant online diamond sales sites like Blue Nile or James Allen.com that may have been used to gather data for Golans’ projected points. ©2023 Edahn Golan All Rights Reserved. Chart & more info: Tenoris.bi On March 30, 2023, Edahn Golan, a respected diamond research guru announced, “The Tipping Point is Here,” referencing loose LGDs set to capture “over fifty percent of all diamonds sold by May of this year.” Golan’s’ forecast is based on “loose natural and lab-grown diamond buying trends from January 2020 to February 2023.” These calculations were projected through Tenoris, his diamond data gathering firm. Quoting the renowned diamond analyst, Paul Zimnisky, “Every lab-grown diamond sold doesn’t mean a natural diamond wasn’t sold.” Zimnisky also points out Pandora is a colossal LGD-exclusive jewelry company (with revenues exceeding $3.5 billion) but they’re not the largest, or the most known, or shopped. With worldwide operations and a dominating North American retail presence planning to exceed $7.3 billion in annual revenue this year, Kay Jewelers, Zale’s and Jared stores, 2,800 strong, are fully stocked in the US and Britain. Signet Jewelers Ltd, has taken the crown as the largest retailer of diamond jewelry on the New York Stock Exchange (SIG). Expect the Unexpected While you’ll find plenty of bright LGD styles added to an already significant lab lineup at each branded Signet store, Jared is raising the bar – online and off, and much higher than expected. Five select Jared locations and geo-targeted Jared websites offer Jared Atelier , a limited-edition of high jewelry; a collection of all-natural diamond fashion designs with high price tags. Debuted last October, the bespoke collection features twenty-one mined diamond designs, many one-of-a-kind with retail prices up to $125,000. Poised and aimed to attract a higher-end customer with products not normally seen in Jared. Mainstream jewelry retailers are elevating their diamond designs - not limited to the states but limited to natural diamonds. Birks, a longstanding and leading Canadian-based jewelry operation, offers a snowflake-inspired high jewelry collection of five natural diamond designs ranging from $15,800 to $50,000. It’s selling Insightful editorial offered by renowned diamond analyst Paul Zimnisky is one topical takeaway on his site. He also publishes a monthly professional industry report called "State of the Diamond Market" covering his regular industry analysis and forecasts. A sample report as well as subscription information can be found at https://tinyurl.com/PaulZimnisky0823 ©2023 Paul Zimnisky All Rights Reserved.