The jewelry giant released preliminary results for the fourth quarter and full year on Monday, with final results slated to come next week.
D.C. Retailer Adds Lab-Grown Diamonds to Inventory
The move from Mervis Diamond Importers came in response to increasing consumer demand, though it still remains a niche market for the company.

Washington, D.C.--Customers asked, and Mervis Diamond Importers answered.
For the first time, the Washington, D.C.-based retailer has added lab-grown diamonds to its inventory at all locations.
The move came in response to consumer demand, and the retailer said it sees the addition of the stones as just another option to offer clients.
Jonathan Mervis, the retailer’s vice president of strategy and client experience, said they had customers asking specifically about the manmade stones and when “it became obvious we couldn't convince them otherwise,” they brought in lab-grown diamonds.
“It’s always been our mission to provide an education and full service experience to our clients, helping each couple find the right diamond for them. Today’s addition of manmade diamonds to our inventory gives our shopper added confidence that she’s seen everything,” Mervis said.
The store said that consumer demand also was steering toward lab-grown diamonds specifically that are “free of conflicts overseas,” so the ones it stocks are created locally in Maryland.
Mervis said he hopes this “Made in America” factor will resonate with their shoppers.
The store’s collection of lab-growns provides a range of shapes and sizes, from 0.70 carats to 3 carats.
Mervis said most of their clients continue to want mined diamonds, and the retailer views the lab-grown market as a niche one.
The amount in their store currently represents about 10 percent of its inventory, he told National Jeweler.
Mervis Diamond Importers has three locations: Washington, D.C.; Tysons, Virginia; and Rockville, Maryland.
The Latest

The retailer also gave an update on its vendor partnerships.

The award-winning actress is the “epitome of modern allure,” the brand said.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

The “Bloom” collection draws from the flower power movement of the 1960s and ‘70s with inlay pendants offered in eight colorways.


The unique piece was one of the custom works offered at the foundation's recent silent art auction, which garnered nearly $15,000 in total.

Bulgari named Gyllenhaal as its brand ambassador for his embodiment of artistic depth, intellectual curiosity, and warmth.

With refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.

Awards were given to four students, one apprentice, and an emerging jeweler.

The top jewelry lot of the late model’s estate sale, hosted by John Moran Auctioneers, was an Oscar Heyman & Brothers for Cartier necklace.

Moses, who started at GIA’s Santa Monica lab in 1976, will leave the Gemological Institute of America in May.

Increased competition, falling lab-grown diamond and moissanite prices, and the rising cost of gold took a toll on the moissanite maker.

The earrings, our Piece of the Week, feature pink tourmalines as planets orbiting around an aquamarine center set in 18-karat rose gold.

“The Price of Freedom” campaign video for International Women’s Day confronts the quiet violence of financial control.

Also, a federal judge has ordered that companies that paid tariffs implemented under the IEEPA are entitled to refunds.

The ever-growing collection, which just expanded with the addition of Olga of Kyiv, features cameos of 12 women from history.

We asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.

The annual event will be held in Orlando, Florida, from Sept. 14-17.

The “Outlander” star modeled for the digital cover of the magazine’s spring issue, which features a story on her relationship with jewelry.

This year’s annual congress, which will mark the confederation’s 100th anniversary, will take place this fall in Italy.

Beverly Hills was chosen as the location for the brand’s first store, designed as a “private residence for modern monarchs.”

Kering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.

Beth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”

Nearly half of buyers are prioritizing silver and fashion collections this season, organizers said.

The “Live Now. Polish Later.” campaign features equestrians wearing the brand’s jewels while galloping across the icy plains of Kazakhstan.

The precious metals provider has promoted Jennifer Ashworth to the role.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.





















