Lab-Grown Diamonds Are Now the DefaultThree out of four bridal stores expect lab-grown diamonds to account for more than half of their engagement ring sales this year. The breakdown of expected lab-grown share of engagement sales: 34% of stores expect lab-grown to represent 75% or more of engagement sales; 32% expect 50–74%; 18% expect 25–49%; 5% expect 10–24%; and 9% expect less than 10%. Gold Prices Are Driving Heirloom Redesign84% of jewelry stores say gold prices are actively changing how people shop. MethodologyThe survey collected responses from 144 independent jewelers through industry channels including the Retail Jewelers Organization (RJO); 117 responses were complete enough to include. Jewel360 will host its second Retail Jewel Summit, a free virtual event for independent jewelers, on August 5.