Connect with us

Headlines

Jewelry Manufacturer Acquires Lab-Grown Brand

Frederick Goldman spent a year looking at how to enter the lab-grown business.

mm

Published

on

Jewelry Manufacturer Acquires Lab-Grown Brand

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.

Video: Why You Should Be Turning Over the Sale More Often
Jimmy Degroot

Video: Why You Should Be Turning Over the Sale More Often

Video: Fix the ‘Glitches’ in Your Jewelry Business
Jimmy Degroot

Video: Fix the ‘Glitches’ in Your Jewelry Business

Video: Everyone in Your Jewelry Store Can Get Along. Here’s How.
Jimmy Degroot

Video: Everyone in Your Jewelry Store Can Get Along. Here’s How.

“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.

Advertisement

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.

Jewelry Manufacturer Acquires Lab-Grown Brand

Advertisement

SPONSORED VIDEO

Maximize Every Sale with Wilkerson

When it’s time to run a sale, whether it’s a retirement, going-out-of-business, anniversary or “we’ve got too much merchandise” sale, let Wilkerson handle the details. The Diamond Galleria did just that when they selected Wilkerson to run its liquidation sale. According to Sharon, their CPA, it was the right choice. “We could have done a going-out-of-business sale ourselves and done 30 to 40 percent of what we actually sold with Wilkerson involved,” she says. Seeing the strategies that Wilkerson puts in place for every sale was something that convinced her they had made the right move. “I would highly recommend Wilkerson to anyone considering this type of sale.”

Promoted Headlines

Most Popular