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Pandora Lifts Outlook as Jeweller Pushes Lab-Grown Diamonds

Pandora A/S 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.
Pandora said preliminary results showed record sales in the fourth quarter, fuelled by a strong US market.
Pandora A/S raised its revenue forecast on strong demand as the Danish jewellery chain expands sales of lab-grown diamonds. (Shutterstock)

Full-year sales should increase as much as 5 percent, the company said Tuesday, reporting second-quarter earnings that beat analysts’ estimates. The stock rose as much as 3.7 percent.

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