Just Diamonds, a Birmingham-based supplier of lab-grown diamonds, natural diamonds and gem-set jewellery, forecasts a year-on-year increase in its revenues of at least 25% in its 2022 financial year, driven by a growing appetite for its lab-grown diamonds and jewellery lines.
“We have seen a rising demand for our lab-grown diamonds and our jewellery products. This has been supported by our flexibility to meet our customers’ needs as well as offering great value for money. We keep our overheads as low as possible, and as a result we are able to pass on these savings to our customers,” said Just Diamonds’ Director Dinesh Parekh.
“We expect to report an increase in our gross revenues of at least 25% at the end of our financial year in late August.”
Several UK suppliers have boosted their offering of lab-grown diamonds this year, noting that their customers’ disposable incomes are being squeezed by higher prices.
Just Diamonds’ staff regularly attend trade fairs to keep up to date with the latest trends and to seek the most innovative new products in the market.