While lab-made stones accounted for less than 1 per cent of revenue in the first half, it was Pandora’s fastest-growing segment, despite their limited distribution
Pandora raised its revenue forecast on strong demand as the Danish jewellery chain expands sales of lab-grown diamonds, aiming to popularise the cheaper alternatives to mined gems.
The jeweller dropped natural diamonds in 2021 after reports of human rights abuses at mines and factories and due to their high carbon footprint. With a starting price of $290 , the lab-made stones are significantly cheaper, matching the company’s focus on affordable jewellery. The current collection can only be bought in the UK, US and Canada. First-half sales of the products reached 66 million kroner . Chief Executive Officer Alexander Lacik said the company has big ambitions with lab-grown diamonds, planning to expand them into its 20 largest markets.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyonce's mum Tina Knowles slams 'ridiculous' Renaissance tour rumourTina Knowles has been shutting down rumours left, right and centre involving her superstar daughter. The latest story to be quashed
Read more »
Some of largest Irish sculptures ever to hit the market to go on sale this weekThe grounds of a hotel in Co Down have come to life with the display of the some of largest Irish sculptures to ever come to the art market
Read more »
Seán Moran: A sobering year for Kerry but they’re still in everyone’s roadFootball’s brand leaders may be down but they remain the game’s traditional benchmark
Read more »
Met Eireann's latest forecast is the summer update we've been waiting forListen, we can cope with a few showers as long as we get a bit of summer sunshine in return! Ireland is due to see a slight change in weather conditions
Read more »
Profit & Loss: Strong Roots reports strong growth, poor show from Ambassador TheatreRevealing who is up and who is down as we go inside the world of private Irish businesses
Read more »