• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
RetailDiamonds

There’s no real difference between lab-grown and natural diamonds, jewelry CEO argues, besides its raw material: ‘Millennials are smarter than that’

By
Jeena Sharma
Jeena Sharma
and
Retail Brew
Retail Brew
Down Arrow Button Icon
By
Jeena Sharma
Jeena Sharma
and
Retail Brew
Retail Brew
Down Arrow Button Icon
November 7, 2025, 11:02 AM ET
“It has the same amount of care, it has the same amount of detail to it,” said Akshie Jhaveri, founder and CEO of Grown Brilliance.
“It has the same amount of care, it has the same amount of detail to it,” said Akshie Jhaveri, founder and CEO of Grown Brilliance.Getty Images—Sam PANTHAKY / AFP
Add Fortune on Google for similar content.

Diamonds may be a girl’s best friend, but for Akshie Jhaveri, they’re even better when they’re grown, not mined. With her nearly 5-year-old jewelry label, Grown Brilliance, the Mumbai-born, New York-based entrepreneur is redefining what the future of lab-grown gems within modern luxury looks like.

Recommended Video

The founder and CEO, who comes from generations of jewelers, believes that when it comes to the process of creating the final product, there is “no difference” between natural and lab-grown diamonds.

“It has the same amount of care, it has the same amount of detail to it,” she told Retail Brew. “The only difference being the raw material. Millennials are smarter than that…I don’t think they care about natural versus lab, as long as they get the look they want.”

A lab will do ya: But while the retailer—which sells everything from engagement rings and wedding jewelry to bracelets, earrings, and necklaces for everyday wear—hopes to secure a coveted spot in the luxury space, Jhaveri said she always wanted to lean into being more inclusive and affordable.

“It was a very small niche group of people that could afford natural diamonds over a carat or even above that in a good quality,” she said. “When lab-grown diamonds were introduced, I felt like this is a great opportunity to bring this to everybody who wants to own a high-quality, larger diamond…It just became a more inclusive play.”

That sense of accessibility is also what Jhaveri thinks sets the brand apart from other players.

“Even when we launch our high[-end] jewelry, it’s available to anyone and everyone,” she said. “You don’t have to inquire. You just go online. You buy it…It’s very simple.”

A streamlined, easy-to-navigate website has been central to Grown Brilliance’s digital success, Jhaveri said. Even as the brand expands its brick-and-mortar presence in the US, online sales continue to drive the bulk of its business.

“I felt like there was no jewelry company that gave the customer the ease of buying diamonds, and explaining how they can make a custom piece very easily,” she said, adding it’s what helped the retailer stand out online.

Store to come: With the e-comm strategy more or less squared away for the moment, Jhaveri has made brick and mortar a major focus.

After opening new stores in New York, Boston, and Atlanta, the brand now counts ~18 retail locations across the US, with more to come. Why? Because whether it’s twenty-somethings hunting for the perfect engagement ring or shoppers in their 40s and 50s looking to upgrade their sparkle, Grown Brilliance’s customers still want to see (and try) the goods in person, making physical retail more relevant than ever.

“We started off small, with three different stores—one in Boca [Raton], Houston, and then King of Prussia, which is one of the largest malls in the country—and they all did very well,” she said. “[People] are craving that human interaction and that personal jewelry expert sitting in front of them and guiding them through their engagement ring process, because it’s a very overwhelming process and unfortunately, on websites, through e-commerce, you can’t really talk to the customer.”

And that desire for a “touch and feel” experience isn’t limited to big-ticket items, she said. While engagement rings and wedding bands drive higher revenue, everyday fashion pieces like tennis bracelets, necklaces, and earrings are a big part of Grown Brilliance’s sales.

The growing appetite for approachable luxury, Jhaveri said, also reflects shifting consumer attitudes, especially among younger shoppers who value sustainability and are more inclined to buy lab-grown diamonds.

“Diamonds now—it’s really a form of self expression,” she said. “I’m seeing them making their dream rings from scratch through our truly custom program, things that were not possible to do with natural diamonds.”

But as the lab-grown category grows more crowded, Jhaveri believes the brands with the clearest point of view will stand apart.

“What [consumers] are going to expect out of lab-grown players is really that brand recognition,” she said, “so people tell whether I’m wearing GB or not.”

This report was originally published by Retail Brew.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Jeena Sharma
See full bioRight Arrow Button Icon
By Retail Brew
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Retail

Raising Cane's counter with a goal soccer ball logo
RetailFood and drink
The Raising Cane’s co-CEO has seen those World Cup fans praising the chicken and sauce. He’s ‘pretty grateful’ to have ‘chicken fanatics’ worldwide
By Catherina GioinoJuly 10, 2026
24 hours ago
Peter Cancro shakes oregano over an open sandwich.
RetailFood and drink
Jersey Mike’s $12 billion IPO filing reveals a $50 million payday for the founder’s stepson and a $41 million jet
By Sasha RogelbergJuly 9, 2026
2 days ago
‘Sony essentially destroys its own defense’: How its disc-free PS5 plan triggered a $457M lawsuit and  undercut its antitrust defense
LawSony
‘Sony essentially destroys its own defense’: How its disc-free PS5 plan triggered a $457M lawsuit and  undercut its antitrust defense
By Mia OsmonbekovJuly 9, 2026
2 days ago
Altman says OpenAI made ‘many changes’ during talks with U.S.
AISam Altman
Altman says OpenAI made ‘many changes’ during talks with U.S.
By Lorelei Smillie and BloombergJuly 9, 2026
2 days ago
Starbucks taps AI to cut reliance on Microsoft, IBM software
AIStarbucks
Starbucks taps AI to cut reliance on Microsoft, IBM software
By Daniela Sirtori, Brody Ford and BloombergJuly 9, 2026
2 days ago
PepsiCo cut chip prices to win back frustrated shoppers. The Iran war got in the way
RetailPepsiCo
PepsiCo cut chip prices to win back frustrated shoppers. The Iran war got in the way
By Dee-Ann Durbin and The Associated PressJuly 9, 2026
2 days ago

Most Popular

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
20 hours ago
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
14 hours ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
2 days ago
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
Economy
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
By Mia OsmonbekovJuly 9, 2026
2 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
16 hours ago
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
Success
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
By Preston ForeJuly 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.