Signet Jewelers CEO explains why there's a market for both natural and lab-grown diamonds

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In a Tuesday interview with CNBC’s Jim Cramer, Signet Jewelers

CEO J.K. Symancyk said that while his company makes a distinction between natural and lab-grown diamonds, there is a market for both types.

“When you get above $5,000 price point, that’s a more natural leaning customer. That’s somebody that’s thinking about holding value as an asset,” Symancyk said. “When you get — particularly in engagement rings — below $2,000 that’s about maximum emotional value, and that’s where lab really has play.”