Pricing Lab-Grown Diamonds: How Retailers Can Maximise Profitability
A customer enters your store, having researched lab-grown diamonds online for weeks. They know lab-grown stones cost less than natural diamonds. They've seen wildly varying prices across different retailers. They ask why your pricing differs from competitors, and your answer will determine whether they buy from you or walk out to continue shopping. Pricing lab-grown diamonds presents unique challenges. The market is newer, less standardized, and evolving rapidly. Traditional jewellery pricing models don't always apply. Getting pricing wrong means either leaving money on the table or pricing yourself out of sales. Understanding Your True Cost Structure Profitable pricing starts with...

