Proprietary Cuts

With cost of LGD rough so low now, cutters don't really care about yield any more. They are very interested in doing proprietary cuts (based on volume orders) for brands, designers and retailers.
LGD in Tech This gigantic new revenue channel for prime diamond growers will take a big leap forward in '24.

Ars Gratia Artis

More creative artists will add grown diamonds to their work.
Prime Grower Consolidation Continues

One or two dominant Indian players will emerge as market makers and custodians of pricing.

Color is Premium

Everybody's asking for LGD color. Prices at wholesale for blue and pinks are quite high ($1,000 per carat) and that is where supply and demand dominate the pricing equation in the LGD space. Look for more supply to hit the market as the year continues.

More fine fashion LGD jewelry by JCK

Retailers are also clamouring for more fine fashon LGD jewelry and vertically integrated growers see this as the opportunity to re-capture lost margin and control of their supply channel. Retailers see it as the chance to get to more purchasers (think self purchasing females) and more purchasing throughout the year.

Custom, Bespoke, Personalization

This is what the consumer wants and this is the year they get if from every jeweler that intends to survive.

Asian Consumer Markets Grow Rapidly

By Q4 2024 Asian consumer markets will be all in on LGD fine jewelry. Look for local celebs and influencers to pick up the banner and drive the growth of the category.

Back End Gets Farmed Out

With the cost of consumer acquistion going higher and higher, LGD consumer brands, retailers and ecomm sites need to focus more on making their acquistion spends more efficient and effective. Watch for more farming out of the back end of the LGD jewelry supply chain- product development, manufacturing, fulfillment, customer service and bespoke experience.

Carbon Capture Expands

More LGD prime growers will embrace this planet changing technology to enhance their sustainability street cred.