“They are as much a symbol of innovation and progress as they are of enduring beauty and stand as a testament to our ongoing and ambitious sustainability agenda,” stated Pandora CEO Alexander Lacik stated in an announcement. “Diamonds are not only forever, but for everyone.”
Lab-grown stones have been billed as the moral, traceable various to mined diamonds. Pandora stated they’re graded on the identical “4Cs” as mined diamonds (a.ok.a. lower, colour, readability and carat) earlier than they’re offered.
The new assortment contains necklaces, earrings and rings. Prices begin at about $350 and may be “collected and layered together,” a nod to its earlier assortment that it is recognized for.
Pandora’s new assortment is additionally extra environmentally pleasant, as a result of they’re made with greater than 60% renewable vitality on common. It expects that the brand new diamonds might be made with 100% renewable vitality when the gathering launches globally.
Lab-grown stones have rising enchantment amongst shoppers seeking to purchase merchandise from sustainable provide chains. Pandora introduced final June that it’s going to solely use recycled gold and silver in its merchandise by 2025.
The firm targets mainstream consumers, which suggests diamond gross sales accounted for simply 50,000 items of jewelry offered final 12 months out of a complete of 85 million. Yet it is nonetheless a major transfer from a significant participant.
“In the US, and especially in China and India, younger consumers say sustainability is part of their decision-making process and could influence whether they buy diamond jewelry,” Bain & Company identified in a report revealed earlier this 12 months.
— NCS Business’ Julia Horowitz contributed to this report.