Frederick Goldman Acquires Lab-Grown Brand

RAPAPORT… Jewelry manufacturer Frederick Goldman has purchased
lab-grown brand Love Earth to accelerate its entry into the synthetic-diamond
business.



“The market for lab-grown diamonds is expanding rapidly,”
Frederick Goldman CEO Jonathan Goldman said last week. “We have spent the past
year studying how we would enter this business. Our purchase of the Love Earth
brand has expedited those plans.”


The industry needs to find new and innovative ways to appeal
to consumers in order to compete, Goldman added.

Love Earth jewelry includes bridal and fashion pieces. Frederick Goldman has built a new manufacturing facility exclusively
for its synthetic-diamond jewelry, it said.


Dan Schneider, the founder of Love Earth and a former
director at jewelry manufacturer Stuller, has joined Frederick Goldman as vice
president of sales.


The Love Earth collection will debut in stores in June.


Image: Love Earth lab-grown jewelry. (Frederick Goldman)