Lab Grown Diamond Jewellery has driven sales figures of one of the world’s largest diamond Jewellery retailer SIGNET. Close to 14% of fashion jewellery items sold during the quarter were lab grown diamond jewellery. Total sales for the 13 weeks to 2 August were $1.5bn, up 3.0 per cent, and same store sales increased by 2.0 per cent, Signet said in its Second Quarter Fiscal 2026 Results.

Demand for lower end Lab Grown Diamond fashion jewellery is gaining preference among young consumers as this sector is influencing demand for fashion jewellery.