Demand for lab-grown diamonds has rapidly risen in the past five years, as consumers drawn to the idea of getting a bigger, better quality diamond for their budget are buying into a diamond product that has the same chemical and optical properties as natural diamond.
Claims by lab-grown diamond producers and sellers that a diamond is a diamond no matter its origin seem to suggest that diamonds made in a lab and naturally occurring diamonds are equal in all respects, including market value.
What consumers who have bought or might buy lab-grown diamonds may not know, is that if they decide to sell it back into the market, they
Perhaps you have inherited or obtained antique or period jewelry that doesn’t suit your style, and hasn’t seen the light of day, taking up space in your jewelry box.
It may be worth more than you think, certainly worth your time assessing its value and how you might sell it, giving it new life with a collector who would love it.
It’s important to understand some of the jargon and what it means when discussing “antique,” “estate,” “vintage,” and “period” jewelry. In the secondhand market estate jewelry means pre-owned, whether its five years old or 105. Jewelry historian Anna M. Miller, author of the book, “The Buyer’s Guide to Affordable Antique
Jewelry designers have a lot to manage when developing their brand, whether newbie or veteran in the business. Creating compelling designs and customer engagement demand their full attention for success.
For new designers, especially those who are not generational in the traditionally family run diamond and jewelry industry, it can be challenging to make connections and find vendors who will work with you, especially when you’re new on the scene.
New York City jewelry designer Lauren Goodmay found that to be the case when she started over two years ago to build her brand, Good May Come, which launched i
Jewelers who buy and sell estate jewelry provide relationship-building customer service, as well as an additional profit center for their business.
Offering estate jewelry services can attract both existing and new customers. They can sell unwanted items they don’t know what to do with, support recycling, shop styles from different eras; and take advantage of price savings, sometimes 30% to 40% less than new products.
In addition to offering value to consumers, buying and selling estate jewelry can be profitable for jewelers, establishing them as the full-service jewelry expert in their community.
There are several ways jewelers can provide estate jewelry s
Outsourcing always makes good business sense for companies both big and small. Generally speaking, outsourcing improves efficiency, reduces costs, and allows companies to focus on their core business.
Not only does contracting out certain tasks save time and money, resulting in lower overhead and staff labor costs, it also allows businesses to tap high-caliber talent for project-specific work. Outsourcing provides the flexibility for a business to expand its team temporarily and strengthen areas of expertise as needed.
Outsourcing empowers jewelers to benefit from the latest technology by leveraging the equipment and expertise of trusted production partners who do these tasks regularly, without jewelers having
Over the past couple of years fashion-minded shoppers have placed an even bigger emphasis on sustainability, with fine jewelry topping their wish lists. In particular, recycled diamonds are becoming increasingly important for jewelers, as the global diamond-mining yield continues to diminish, reports Women’s Wear Daily (WWD) in August 2021.
The popularity of recycled diamonds has increased dramatically since the pandemic, with many engagement ring shoppers asking for recycled stones. Jay Moncada, owner of Perpetuum Jewels, told WWD that before the pandemic four out of 10 engagement ring shoppers inquired about recycled diamonds, and now that number is closer to seven.
Jeweler Jean Prounis of Prounis Jewelry told WWD that 100% o
Luxury goods are made to last, and the trend for purchasing pre-owned fine jewelry and watches has been on the rise.
The trend in the secondary market is growing for many reasons, among them an increase in online sales, changing consumer preferences, and rising concern about the sustainability of luxury goods, particularly among younger consumers, finds the Boston Consulting Group (BCG). These trends were well underway before COVID-19 hit, but the pandemic, and the economic slowdown it created, has accelerated them.
Published September 2020, BCG’s report on the hard luxury market shows that the market for secondhand hard luxury items, primarily watches and pre-owned/estate jewelry, is worth over $22 billion worldwide and growing a
Diamond is the hardest mineral on the planet, so it’s no wonder it’s regarded as the ideal product for recycling. Because of its strength and durability, diamond can be used more than once without trace-of-wear.
Recycled diamonds actually offer the perfect story of sustainability — averting the need to mine or grow in a lab a new diamond product. Recycled diamonds also deliver on natural diamond’s “forever” promise, by maintaining their value as a precious, finite gemstone, and as an enduring symbol of love.
Yet, the perception exists that if a product is recycled/reclaimed/repurposed it may not be of superior quality.
Recycled diamonds, while not a new concept, is a category that many jewelers, designers and small man
High demand for diamonds throughout 2021, coupled with less natural diamonds being produced and manufactured, is causing the rise in diamond prices that is impacting retail in 2022.
The increase in prices is driven by strong demand for jewelry in the United States and China, set against limited supply, as diamond mining and cutting remain low, finds recent research by the market intelligence platform, IndexBox.
Natural diamond prices are increasing dramatically because of the high demand and limited supply that is due to the fixed number of diamond manufacturers and the cost of manufacturing. Some areas of diamond supply are becoming increasingly more difficult to source, mostly smaller sizes in commercial quality, particularly melee (less than 0.20 in carat weight).
The lab-grown diamond category has exploded on the consumer market in the last decade, particularly the past few years, positioning itself as an eco-friendly, sustainable alternative to natural diamonds.
But are lab-grown diamonds a more sustainable diamond option than using recycled natural diamonds?
Lab-grown diamond producers market their products as “less of a threat” to the environment than natural diamond mining. They point to the fact that their processes use less water, emit fewer greenhouse gasses, and do not disrupt the earth to bring a diamond to market, as compared to mining diamonds.
Yet they speak little of the enormous energy needed to grow diamonds. Diamonds are grown in factories using High Pressure Hig