De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Little Switzerland Introduces Lab-Grown Diamond Brand
It is called “Engrace” and is available in a variety of colors.
St. Thomas, U.S. Virgin Islands—Little Switzerland announced its big push into man-made diamonds last week, launching “Engrace Diamonds,” a lab-grown brand exclusive to its stores.
The man-made stones, sold loose and in finished jewelry, are available in a variety of colors, including white, pink, blue, orange, and olive green.
A Little Switzerland spokesperson said the diamonds are grown in the United States—he declined to name the specific company for “competitive reasons”—and graded by both Independent Gemological Laboratories and International Gemological Institute.
Loose diamonds over a half-carat are laser-inscribed with “LG” on the girdle and are sold with a grading report. Finished jewelry, created in 14-karat and 18-karat gold, also will be laser-inscribed and come with a grading report.
In addition to Engrace, Little Switzerland sells a line of lab-grown diamond jewlery called Nuri & Ash.
In launching Engrace, the retailer touted the value and affordability of the product, noting that customers can “get a bigger and higher-quality lab-grown diamond for the same price as a mined diamond.”
"As an industry leader we felt it was important to not only be the first stores in the Caribbean to offer lab-grown diamonds but to expose and educate our customers on this important new-age product,” CEO Hal Tayler said in a statement.
Little Switzerland has more than 30 locations throughout the Caribbean with boutiques in Aruba, Barbados, Curacao and St. Maarten. It also has U.S. locations, in Puerto Rico and Florida.
Engrace is being sold now online and in most Little Switzerland stores. It is expected to be sold in all the chain’s stores by late 2019.
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.