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SourcingMay 20, 2019
Frederick Goldman Opens Factory for Lab-Grown Division
Located in Mexico, the facility will not grow diamonds but will manufacture jewelry set with lab-grown diamonds.
The employees of Frederick Goldman’s facility in Mexico were trained by New York-based jewelers.
Secaucus, N.J.—Frederick Goldman Inc. is moving further into the man-made diamond space, expanding its factory in Mexico to include a lab-grown diamond jewelry manufacturing division, the company announced last week.
The facility will not be growing diamonds, a company spokesperson confirmed to National Jeweler, but will manufacture jewelry set with lab-grown diamonds.
The company entered the lab-grown diamond market in March when it acquired Love Earth, a bridal and fashion jewelry business, for an undisclosed amount.
The Mexico facility has an area dedicated to bridal created with natural diamonds and a newly built, separate facility for handling lab-grown diamonds.
Setters and jewelers based on New York’s Fifth Avenue trained the employees in Mexico, the company said.
Chief Operating Officer John Orrico said in a statement that Frederick Goldman’s Mexico operation was performing well overall, and the company has plans to “scale the capabilities as the needs grow.”
In addition to the expansion of the factory in Mexico, the company announced the launch of its Jewelry Solutions Group, which will focus on manufacturing custom-ordered jewelry, made with natural or lab-grown diamonds, and getting it to the customer in one week.
“We found that the market has a need for fast, on-demand solutions that are not typically offered by suppliers,” Orrico said.
The group will also offer services such as design, manufacturing and drop-shipping directly to customers.
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