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Signet Jewelers CEO: Lab grown diamonds make diamond jewelry more accessible
CNBC Television· 2025-09-03 00:05
Diamond Market Segmentation - The market distinguishes between natural and lab-grown diamonds, with demand for both [1] - Natural diamonds are favored above $5,000, appealing to customers seeking asset value [2] - Lab-grown diamonds dominate below $2,000, focusing on emotional value, particularly in engagement rings [2] Lab-Grown Diamonds Strategy - Lab-grown diamonds are crucial for extending the fashion jewelry category [3] - Lab-grown diamonds make diamond fashion jewelry more affordable and accessible for everyday wear [3] Growth Strategy - Fashion jewelry is critical to the company's growth strategy [3]