Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth.
Pandora’s consumers spend on average around $100 when they shop at the mass-market jeweller. But it decided several years ago to bet big on lab-grown diamonds, pitching them as accessible luxury purchases for mass-market shoppers. Items in the US…