lab-grown diamonds
Coverage of lab-grown diamonds in the Nexus archive.
- riyanikajewels.com - Cloned bait-and-switch jewelry website scam warning
riyanikajewels.com is a fraudulent jewelry website that steals images and listings from luxury marketplaces like 1stdibs and independent creators, then alters descriptions to deceive buyers. The site falsely claims to sell lab-grown diamonds in solid gold, and victims are advised to test purchases, avoid customer support, and file fraud disputes with payment providers.
- Pandora, Swarovski lose traction in China as shoppers shift to gold and lab-grown diamonds
Pandora and Swarovski have closed many stores in China due to declining brand appeal as consumers shift to gold and lab-grown diamonds. Pandora's sales in China have declined annually since 2019, when it operated over 240 stores and generated $300 million in revenue.
- Natural diamond firms turn to blockchain traceability amid lab-grown competition
Natural diamond firms are adopting blockchain traceability systems to combat competition from lab-grown diamonds and declining prices. De Beers Group, the largest diamond producer, has partnered with the Gemological Institute of America (GIA) to enhance customer trust and establish provenance for diamonds through a blockchain initiative called Tracr.
- With Clarity Mother's Day sale: Save up to 30% on lab-grown diamond gifts
With Clarity offers up to 30% off lab-grown diamond jewelry for Mother's Day, including studs, necklaces, and bracelets, with discounts on items like 2-carat diamond earrings and diamond-encrusted hoops. The sale ends May 10, highlighting affordable luxury options for gifting.