Tag diamond jewelry

With the global jewelry market in retreat, Pandora just delivered a solid second-quarter performance, with organic revenues up 5% to $850 million and like-for-like (LFL) revenues advancing 2%. This brought first-half revenues up 3.5% over the previous year to $1.7 billion.

Having expected challenges in fiscal 2023, Pandora initially guided on a -2% to +3% change in revenues this year, but given its strong performance so far, it raised guidance to between +2% to +5% by year-end.

“We outperformed the market,” CEO Alexander Lacik shared with me after the earnings call. “There’s a lot of uncertainty out there, with the Ukraine war, rising interest rates and consumer sentiment dropping like a stone. It’s a fact that people have less disposable income to go around, so against those macros, we showed sequential improvement.”

And Lacik is counting on that sequential improvement to pick up pace through the rest of the year after it drops three new collections of lab-grown diamond jewelry into the U.S., Canada, Australia and U.K. markets, with Mexico and Brazil to follow in time for holiday.

The new range includes rings, earrings, bracelets and necklaces and for the first time, it is presenting lab-grown diamonds in its flagship charms, what the company calls the “universe that is at the heart of Pandora.”

“We have over 600 million customers coming to our stores and website every year and we know the vast majority of them are very interested in buying a diamond but can’t afford mined diamonds. That’s where Pandora

How do many lab-grown diamond fine and high jewelry companies that claim to be environmentally sustainable provide evidence to back such claims for their designs?

New York-based Grown Brilliance does all of the above, and more. Embodying a new wave of beautifully designed and evidence-based sustainable lab-grown diamond jewelry, this brand produces six stylistically diverse collections a year. While these are classics with an artistic twist, they are also of notably high quality: 95% of Grown Brilliance diamonds are I+ in color, and VS2 or higher in clarity. Led by founder and Creative Director Akshie Jhaveri, the brand’s supply chain, including packaging, is carbon-neutral, thanks to offsets purchased from the United Nations carbon off-set platform. In a transparent move, Jhaveri supplied this writer with sustainable bona fides including proof-of-sustainability certificates for her brand’s diamond growing, cutting, polishing and jewelry manufacturing facilities. As of this writing, Grown Brilliance is being audited by the sustainable industry standard organization SCS Global Services. The goal is to obtain SCS certification as a carbon-neutral or climate-neutral jewelry business.

Equally of note, Grown Brilliance is pioneering the e-tailing of sustainable lab-grown diamond jewelry by enabling customers to have their custom designs rapidly created with artistry and technical precision — at prices that compare exceedingly well to those of their competition As Jhaveri explained, “Our website’s Truly Custom tool allows people to design their unique lab-grown diamond ring, which we produce within 14 days, all without charging for this bespoke service.” (Grown Brilliance also offers Truly Custom necklace, earring and bracelet design options.) Too discreet to mention

The global diamond jewelry market is expected to be worth US$ 355.93 billion in 2023. The market is predicted to expand at a 4.5% CAGR to reach US$ 552.74 billion by 2033.

The diamond jewelry industry has experienced remarkable growth in recent years, primarily driven by the increasing demand for diamond jewelry across various regions globally. As a result of growing consumer spending, luxury diamond jewelry products have become more accessible to the public, thereby driving market growth.

In addition, technological advancements in diamond cutting and polishing techniques have led to the production of high-quality diamonds, boosting the market further. The industry also faces certain restraints, such as the increasing cost of raw materials, particularly diamonds, which may deter consumers from purchasing high-end diamond jewelry products.

Furthermore, ethical concerns regarding the sourcing of diamonds and their potential links to conflict zones have also created challenges for the industry. Additionally, economic uncertainties and fluctuations in the global diamond market have impacted the industry’s growth.

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Despite the challenges, the diamond jewelry industry presents significant opportunities for growth in the coming years. The industry can leverage the increasing adoption of e-commerce and online sales channels to reach a wide audience and expand its customer base.

Moreover, the rise of sustainable and ethical diamond mining practices could further enhance the industry’s growth potential by attracting environmentally conscious consumers. The latest trends in the diamond jewelry industry include a shift towards customization and personalization of jewelry, particularly engagement rings and wedding bands.

The industry is also witnessing a growing trend of lab-grown diamonds, which are eco-friendly and ethically sourced, providing an alternative to mined diamonds. Additionally, colored diamonds are gaining popularity among consumers, particularly pink and yellow diamonds, which are often used in bespoke and high-end jewelry products.

Key

Irina Shayk shook off some layers of designer clothes to party after the Met Gala—but she kept her strings of diamonds.

The supermodel was seen arriving at an after-party in the most luxe model-off-duty look: sweatpants, heeled boots, and bold diamond jewelry. Shayk traded the Yohji Yamamoto gown she wore on the carpet for comfy grey sweats and a ribbed white tank without a bra underneath. She also carried a maroon bomber jacket.

Shayk added some edge to the casual loungewear look with bedazzled gold boot heels with mustard yellow shoelaces, and elevated it with her diamond jewelry—which included plenty of earrings, layered necklaces, and a massive diamond-drop choker. She also kept her Met Gala glam on: a relaxed wavy hairdo and bright raspberry eyeshadow with a matching lip.

The cool look was a big contrast to Shayk’s shayk-white-dress-ballet-flats-2023-met-gala/” data-ylk=”slk:ethereal Met Gala ensemble;elm:context_link;itc:0″ class=”link “ethereal Met Gala ensemble: a silky white dress by Yohji Yamamoto with big rosettes at the top and twisted straps at the shoulders. She paired the asymmetrical piece with matching ivory ballet flats.

Shayk recently spoke with Harper’s Bazaar for her May cover story about what beauty means to her. “We’re teaching our daughter that the most important thing is to be kind to people. Every time we send her to school, we’re like, ‘Just remember kindness and love.’ So I think that’s what true beauty is,” she said. “It’s not about putting on masks, putting on makeup, brushing your hair, putting on nice clothes. With TikTok and Instagram and social media, my daughter is growing up in a different environment than I grew up in, so sometimes it kind of scares me. But most important is teaching our daughter bigger values than being pretty

Diamond Shopping can be a very overwhelming experience for a consumer. Diamond grading is a very subjective matter, and true grading of diamonds is at the epitome of this very subject. As a consumer, it can be tricky to decide whom to trust to ensure you are getting the right quality at the right price.

Unfortunately, due to immense competition, there are a lot of cases of malpractices taking place, and certain laboratories are giving false grading of diamonds and manipulating qualities. This has been happening for few years now as mentioned in one of our earlier articles on diamond prices.

We spoke to Nihar Parikh from Maaya Fine Jewels, a Manufacturer/Retailer of diamond jewelry since 1975, to help consumers recognize the right way to buy diamonds. He quoted, “At a consumer level, many customers find it hard to differentiate genuine quality. Sometimes, an avid buyer of diamond jewelry can recognize the quality of diamonds by seeing the shine and color (whiteness), compared to weaker diamond jewelry that looks grey, brown, or appears dull.

Its also important to understand the difference between buying from a retail store vs a manufacturer. A manufacturer like us can vouch for the quality and can give guarantees on the weights and quality of the product along with genuine US lab certification.

Also, our entire team is well-trained in grading diamonds, unlike a salesperson or a manager at a retail store. The goal at Maaya is to bridge this gap between the manufacturer and the end consumer.”

At Maaya Fine Jewels, they source their diamonds in the loose form from reputed DeBeers certified siteholders (companies that specialize in natural diamond mining and cutting) and set it in artistic jewelry designs under their own roof and supervision. This gives reassurance to the customer that

A 30-second smash-and-grab heist in The Bronx netted a clutch of thieves more $2.15 million in “high-end diamond jewelry” during a wild, caught-on-video robbery, police say.

Surveillance video shows a suspect, clad in a white T-shirt and a black cap and wearing sunglasses, acting like a customer when he’s buzzed into Rocco’s Jewelry on Webster Avenue in Fordham around 2:30 p.m. Friday, cops said.

But instead of going inside, the man then let his three masked cohorts rush through the door, video shows.

diamond jewelry. The jewelry was placed into bags being carried by the individuals, who fled the location on foot heading southbound on Webster Avenue. The total value of stolen property is approximately $2.15 million. No injuries were reported. ” class=”wp-image-23363577″ srcset=”https://nypost.com/wp-content/uploads/sites/2/2022/08/bronx-jewelery-06.jpg?quality=75&strip=all&w=1535 1536w, https://nypost.com/wp-content/uploads/sites/2/2022/08/bronx-jewelery-06.jpg?quality=75&strip=all 1024w, https://nypost.com/wp-content/uploads/sites/2/2022/08/bronx-jewelery-06.jpg?quality=75&strip=all&w=512 512w” sizes=”(max-width: 1024px) 100vw, 1024px”/

A hammer-swinging man then smashes the glass cases while the other thieves pulled out trays of pricey baubles, cops said.

“Once inside the store, the three individuals used a hammer to smash open the display cases and removed a large amount of high-end diamond jewelry,” police said.

The jewelry was placed into bags that were carried by the thieves, who fled the location on foot heading southbound on Webster Avenue, cops said. 

The caper lasted about 30 seconds, the security footage shows.