Jewellery maker Pandora gets boost from lab-grown diamonds

Full-year sales should rise by as much as 5%, the company said, reporting second-quarter earnings that beat analysts’ estimates

Demand for synthetic diamond jewellery has been high, according to Pandora, which sells more pieces of jewellery than any other company in the world. Picture: Reuters/Andrew Kelly

Pandora raised its revenue forecast on strong demand as the Danish jewellery chain expands sales of lab-grown diamonds, aiming to popularise the cheaper alternatives to mined gems.

Full-year sales should increase by as much as 5%, the company said, reporting second-quarter earnings that beat analysts’ estimates.