(PRESS RELEASE) According to Statista, the jewelry market worldwide is projected to grow by 4.56% (2024-2029) according to the compound annual growth rate (CAGR) for this period. The growth prospects, as indicated by the CAGR, suggest a positive trajectory for the industry in the coming years.
The lab diamond market has contributed to the growth of the industry by making an affordable and easily accessible diamond product for finished jewelry and engagement rings to people who may have otherwise invested their money in other luxury products and not jewelry.
In the past 6 months, as lab prices on the wholesale and retail are decreasing, GN Diamond has seen an upward trend in demand for natural diamonds in all sizes. GN has also seen the sales of larger natural diamonds consistently selling at retail costs of $30,000 to $70,000. Round and oval diamonds still leading in popularity and sales, elongated radiants, cushions, and emeralds are also strongly desired. Marquise shapes, which were slim to none over the past couple of years, have seen a resurgence.
GN Diamond continues to offer retailers one of the strongest inventories in both lab and natural loose diamonds as well as a large selection of classic finished jewelry highlighting diamond studs, tennis bracelets and diamond tennis necklaces. Free overnight shipping and an easy-to-use APP for smart phones makes pricing, diamond requests, and inventory easily accessible. GN utilizes cutting edge technology that analyzes what natural diamonds are selling on a daily and weekly basis. GN shares this knowledge with retailers to help them build their inventory of fast selling merchandise especially going in to the 2025 new year. Additionally, this will help retailers to not lose opportunities, increase profit margins and cash flow.
GN wishes everyone a great finish to 2024 and continued success in 2025. Feel free to call 800-724-8810 with any of your diamond needs, access GN 24/7 at [email protected] or www.gndiamond.com
