Luxury jewelry retailer Little Switzerland is now introducing an exclusive lab-grown diamond brand called Engrace Diamonds that gives consumers access to high-quality stones that are bigger and more affordable than mined diamonds. Diamonds from Engrace Diamonds are sold as both loose diamonds and as finished styles set in 14kt and 18kt gold.
The diamonds are offered in classic white, as well as other colorful options like pink, blue, orange and green. The loose diamonds and finished jewelry pieces are marked with "LG" and either a certificate number from an independent lab or are accompanied by a certificate from an independent lab.
The demand for affordable synthetic diamond jewelry is ever-increasing and it is expected for the sales of lab-grown diamonds to surpass their mined counterparts by 2030.
Colorful Lab-Grown Diamonds
Engrace Diamonds are Large, High-Quality & Affordable
Trend Themes
1. Lab-grown Diamonds - The rise of lab-grown diamonds presents an opportunity for jewelry retailers to offer high-quality stones at a more affordable price point.
2. Colorful Diamond Options - The introduction of colorful lab-grown diamonds allows consumers to express their individuality and style through their jewelry choices.
3. Growing Demand for Synthetic Diamonds - The increasing demand for affordable synthetic diamonds creates a market opportunity for companies to meet consumer preferences and lower the environmental impact of diamond mining.
Industry Implications
1. Luxury Jewelry Retail - Luxury jewelry retailers can capitalize on the trend of lab-grown diamonds to attract price-conscious consumers who still seek high-quality pieces.
2. Diamond Manufacturing Industry - The diamond manufacturing industry can adapt to the rising demand for lab-grown diamonds by developing efficient production methods and expanding their colorful diamond options.
3. Gemological Certification Services - Gemological certification services can explore the growing market for lab-grown diamonds by providing independent certification of the quality and authenticity of these stones.