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Frederick Goldman Acquires Lab-Grown Brand

Mar 11, 2019 6:56 AM   By Rapaport News
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 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)
Tags: Dan Schneider, Frederick goldman, Jonathan Goldman, lab-grown diamonds, Love Earth, Rapaport News
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