SECAUCUS, NJ – Frederick Goldman Inc., one of the largest jewelry manufacturers and marketers in North America, announced the purchase of Love Earth, a lab-grown bridal and fashion jewelry business.
Financial terms of the deal were not disclosed.
“The market for lab-grown diamonds is expanding rapidly,” said Jonathan Goldman, CEO of Frederick Goldman. “We have spent the past year studying how we would enter this business. Our purchase of the Love Earth brand has expedited those plans.
“As an industry, we need to find new and innovative ways to excite the consumer and compete with other discretionary purchases. We believe that lab-grown diamonds are one of those ideas.”
Dan Schneider, founder of Love Earth, has joined Frederick Goldman vice president of sales for the brand.
“I look forward to contributing to the company’s success, providing their retail customers with the lab-grown products, programs and support required to successfully expand their market share,” Schneider said.
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In conjunction with the acquisition, Frederick Goldman has built a separate facility to manufacture lab-grown jewelry, according to a press release.
The Love Earth collection will be available in stores June 2019.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
