Lab-grown diamonds, which are chemically, aesthetically, and physically identical to natural diamonds, have grown in popularity over the last couple of years for several reasons. Such pieces are more affordable, sustainable, and better ethically than natural diamonds. With lab-grown diamonds, one can also easily track the origin of the rock. Due to this, many jewelers are pivoting to lab-grown diamonds, and recently, Ritani announced an expansion of its inventory to "now offer more options for larger carat weights over 11 carats."
The brand has garnered attention because of the "exceptional radiance, cut, and clarity" of its lab-grown diamonds and the new expansion promises to "open new and enhanced options for those seeking exquisite, eco-friendly lab-grown diamonds that make a bold statement."
Lab-Grown Diamond Expansions
Ritani Offers More Options for Larger Carat Weights Over 11 Carats
Trend Themes
1. Rise in Lab-grown Diamonds - Lab-grown diamonds have gained popularity due to affordability, sustainability, and ethical benefits, leading to increased demand.
2. Expanded Carat Options - Ritani's expansion into larger carat weights over 11 carats offers more choices for those seeking statement pieces with lab-grown diamonds.
3. Demand for Eco-friendly Diamonds - Customers are increasingly looking for exquisite, eco-friendly lab-grown diamonds that provide a bold and sustainable alternative to natural diamonds.
Industry Implications
1. Jewelry - The jewelry industry is witnessing a shift towards lab-grown diamonds as consumers seek more affordable and ethically sourced options.
2. Diamond Mining - The diamond mining industry faces disruption as the demand for lab-grown diamonds increases, posing challenges to traditional diamond extraction methods.
3. Retail - The retail industry can tap into the growing market for lab-grown diamonds by offering a wider range of options and positioning themselves as environmentally conscious jewelry providers.