The middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.
Lab-grown diamond co. secures $1.57M in funding
Scio has just secured another round of funding, which it said will be used to continue product development and for working capital.

Greenville, S.C.--Diamond grower Scio announced this week that it has secured $1.57 million in financing in a non-brokered, private placement to a group of accredited investors based in Greenville, where the company is headquartered.
The identity of the investors behind the capital was not disclosed.
The company said the funding will be used to continue product development as well as for working capital.
Scio introduced International Gemological Institute-certified lab-grown fancy pink last year and has been delivering them to the market since June. But going forward the company said it will focus on white lab-grown diamonds, as demand for the stones continues to rise.
This summer Helzberg Diamonds, which has more than 200 stores, announced it would be selling lab-grown pinks, yellows and whites from Scio and Renaissance Diamonds in select stores across the country, making it the latest retailer to test the market for man-made diamonds.
News of Scio’s $1.57 million in financing follows an investment of $2.5 million that a group of three investors calling themselves Heritage Gemstone Investors Inc. put behind the company last December.
That capital was used to pay down debt and invest in equipment that allowed Scio to double its manufacturing capacity for pink and white stones earlier this year.
The Latest

It marks the third consecutive quarter of growth for Cartier, Van Cleef & Arpels, Buccellati, and Vhernier.

The reseller’s market trends report, based on its sales data, also shows exactly how much Rolex prices have jumped since 2010.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The auction house will be hosting a retrospective paying tribute to jeweler Jean Dinh Van and his company’s 60th anniversary.


Jake Duneier and Danielle Duneier-Goldberg have stepped into the roles of CEO and president, respectively.

The “Impermanence” collection contemplates nature through the Japanese art of Ikebana (flower arranging) and philosophy of wabi-sabi.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The Texas-based jewelry retailer has set up shop in Tennessee and Arizona.

Eric Ford will step into the role, bringing with him decades of experience.

In addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.

The “Celestial Blue” capsule collection campaign features Olympian Kateryna Sadurska.

The seasonal store, located in Mykonos, Greece, offers exclusive events, personal styling, and curated experiences.

The New England jeweler is hosting a bridal event for the month of August.

Its sessions will focus on inventory strategies, staff performance, retention and acquisition, emerging market trends, and more.

For its 10th anniversary, Miseno designed the “Arco” earrings based on the Arco Felice, an arch conceptualized in A.D. 95 in Miseno, Italy.

The jewelry company is one of several contributing to relief efforts in the region after the recent floods.

Inspired by fiancé Sid Wilson’s nickname for her, the white and yellow diamond ring features a unique honeycomb design.

The brand is marking its 50th anniversary with a limited-edition bangle, high jewelry suites, new collections, and more.

Goldfarb said changes in the industry, coupled with his age and the updates needed to modernize his business, drove his decision.

Longtime LVMH executive Michael Burke has stepped into the role.

Central topics of next week’s event include climate action, labor rights, artisan preservation, and value retention in producing countries.

Vickie Rokkos has joined the jewelry company as its new national sales director of North America.

Turbulence will be the new baseline for luxury as it faces its biggest potential setbacks in 15 years, a recent report said.

Sponsored by Rio Grande Jewelry Supply

The “For the Love of Fruits” collection features five fruit pendants, each holding a different meaning.

Diamonds and crimes (some involving diamonds) top the list of National Jeweler’s most popular stories halfway through the year.