Lab-Grown Diamond Market Struggles: Retailers Voice Concerns
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
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