Just Diamonds sees 25% surge in FY22 revenues
Several UK suppliers have boosted their offering of lab-grown diamonds this year as customers' disposable incomes are being squeezed by higher prices, according to Just Diamonds
Just Diamonds has reported a 25% rise in revenues year-on-year in the 2022 financial year (FY22), driven by a “growing appetite” for its lab-grown diamonds and jewellery lines.
Just Diamonds is a Birmingham-based supplier of lab-grown diamonds, natural diamonds and gem-set jewellery.
The company said that several UK suppliers have boosted their offering of lab-grown diamonds this year as customers’ disposable incomes are being squeezed by higher prices.
Dinesh Parekh, Just Diamonds’ director, said: “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.”
