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Pandora Raises Full-Year Forecast as Synthetics Sales Strengthen

Lab-grown diamond collection saw 88% like-for-like growth in second quarter.

Company now expects sales of up to $425 million versus its previous upper guidance of $469 million.

Earnings for the first half will likely fall by 33% to 40% amid high gold prices and weak consumer sentiment.

Revenue from the division, which includes three jewelry companies, fell 4.5% in second quarter.

Why is the luxury group struggling in the US and China?

Increased number of local and Chinese consumers are buying abroad.

Winner will also receive a yearlong fellowship with company.

Group sales down 20% year on year in fiscal first quarter.

Boucheron and Pomellato both achieved double-digit growth in first half.

Sales for segment down 5% amid weak consumer sentiment for luxury goods.

Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.