Acquisition Opportunity Spence Diamonds was acquired by TriWest Capital Partners in 2025, indicating potential for partnership discussions with the new ownership to cross-sell luxury jewelry lines, explore exclusive collections, or leverage capital for expansion into new markets.

Lab-Grown Focus As a player in the lab-grown diamond segment with a stated emphasis on earth-minded and artisan created options, there is a sales opportunity to position Spence Diamonds as a sustainability-forward supplier to retailers seeking ethical, cost-conscious alternatives to mined diamonds.

Revenue Scale With annual revenue in the multi‑tens of millions and a mid-size employee base, Spence Diamonds presents opportunities for channel partnerships, white-label programs, or co-branding initiatives to expand distribution without significant overhead.

Experience and Education The brand emphasizes transparency, education, and customization; this creates upsell opportunities for high-margin services such as bespoke ring design, certification, and post-purchase care plans targeted at engaged couples and gift buyers.

Market Positioning Despite being a niche lab-grown and custom-focused retailer, Spence Diamonds competes with larger jewelers; partnerships with digital marketing and e-commerce enablement vendors could accelerate customer acquisition, improve funnel efficiency, and capture share from traditional retailers.