LGD News Week Of 19Sept2022- FREE Preview
Bloomberg Names Leading Buyers of Banned Russian Diamonds
As war continues to rage in Ukraine, the Russian invasion, heavily funded by the sale of sanctioned Alrosa mined diamonds, continues to find supporters in India.
And now two of the largest diamond companies in the world have been named as the largest buyers of banned Russian mined diamonds. Please subscribe now to read this article and all past articles from THE MVEye's LGD Market Intel Report.
Charles & Colvard Launches LGD Mens Collection
Image by Charles & Colvard
When you speak with as many LGD retailers as I do, you very quickly pickup on two product categories that are very large, underserved opportunities in the LGD fine jewelry space. The first is fine fashion jewelry for self purchasing females and the second is modern mens styles.
That's why I was so excited to see the launch of the new Charles & Colvard mens LGD collection this week. It's a collection that brings a modern aesthetic to a classic category and does it with diamonds that are Made, Not Mined™.
Making Nano Diamonds Out of Plastic
Image by HZDR / BLAUROCK
Research team uses laser flashes to simulate the interior of ice planets – and spurs a new process for producing miniscule diamonds
What goes on inside planets like Neptune and Uranus? To find out, an international team headed by the Helmholtz-Zentrum Dresden-Rossendorf (HZDR), the University of Rostock and France’s École Polytechnique conducted a novel experiment. They fired a laser at a thin film of simple PET plastic (polyethylene terephthalate), and investigated what happened using intensive laser flashes. One result was that the researchers were able to confirm their earlier thesis that it really does rain diamonds inside the ice giants at the periphery of our solar system. And another was... Please subscribe now to read this article and all past articles from THE MVEye's LGD Market Intel Report.
Opportunities, strategies, and percentages for selling LGDs to consumers
THE MVEye, the leader in market research for the global gem, jewelry and watch industries, has released its latest report entitled THE MVEye’s Core 3.5 LGD Consumer Segments. Subscribers to THE MVEye LGD Market Intel Report receive this report at no cost (a $250 value).
“We’ve been researching the consumer and trade lab-grown diamond markets since 2004. This report presents the core 3.5 consumer segments that our research has consistently pointed to as driving the explosive global growth of LGDs,”
said Marty Hurwitz, CEO and co-founder of THE MVEye.
“We have defined the opportunities, strategies and closing percentages successful jewelry retailers are achieving when selling LGDs to each of these consumer segments.”
Key findings revealed in the report include:
*The five-year growth plan of consumer demographics shows a long runway of sales and profit opportunities with the Core 3.5 LGD consumer segments.
*Ironically, these consumers are not all about the digital shopping experience. They are also very interested in custom designed jewelry and concierge experiences, in store, in social and on ecommerce sites…and they are willing to pay for it.
*These consumer segments don’t buy products from stores, they buy from brands. The brands with the most opportunity to sell these consumers are those that share their values and offer them the ability to purchase seamlessly via any platform- when and where they want it.