Lab-Grown Diamond Market Struggles: Retailers Voice Concerns

By admin
April 15, 2024

Lab-grown diamond retailers voice concerns over profitability amidst plummeting prices. Catherine Angiel of a New York fine jewellery business highlights the surge in demand but warns of struggles for smaller retailers. Lauren Petrovic of Laurenti New York notes declining dollar margins, emphasizing the need for increased sales efforts. Analysts urge strategic planning as retailers navigate the evolving market dynamics.

Source: DiamondWorld

Disclaimer: Jewel Bharat aims to provide accurate and reliable information. Readers are encouraged to contact@jewelbharat.com to report any concerns regarding the content. Appropriate corrective measures, including potential removal of the article from the website, will be taken following investigation.