Lab Grown vs Natural Diamonds, The Future of Engagement Rings & Building Ring Concierge with Nicole Wegman
The Dream Bigger Podcast
Siffat Haider
4.7 • 659 Ratings
🗓️ 26 May 2026
⏱️ 61 minutes
🧾️ Download transcript
Summary
On today’s episode, I’m joined by Nicole Wegman, founder of Ring Concierge, to talk about the evolution of the diamond industry, lab grown vs. natural diamonds, engagement ring trends, and how she built one of the most recognizable fine jewelry brands from the ground up. Nicole breaks down the biggest misconceptions around lab grown diamonds, why engagement rings are getting bigger, the most popular diamond shapes right now, and how consumers are shifting their buying habits. We also dive into how she started Ring Concierge with just $2,000, scaled the business through Instagram before paid marketing, and disrupted a male-dominated industry by creating a more modern, fashion-forward jewelry experience for women. Nicole opens up about entrepreneurship, hiring, mistakes she’s made along the way, influencer marketing, luxury investments that actually hold value, and what it takes to build a lasting brand in a $90 billion industry. Whether you’re shopping for an engagement ring, love jewelry, or are interested in building a business, this episode is packed with insight. Enjoy!
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This episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct, or indirect financial interest in products, or services referred to in this episode.
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Transcript
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| 0:00.0 | The following podcast is a dear media production. |
| 0:04.0 | Thoughts on natural versus lab. |
| 0:06.2 | Why are we waiting? |
| 0:07.4 | Women work. |
| 0:08.0 | Women have been working. |
| 0:09.2 | Totally. |
| 0:09.9 | We're making our own money. |
| 0:11.6 | It is crazy to think this has to be a gifted category. |
| 0:14.9 | You want a tennis bracelet? |
| 0:16.1 | Buy yourself a tennis bracelet. |
| 0:18.0 | I want to go back to you starting your business. |
| 0:20.6 | Correct me if I'm wrong, |
| 0:21.6 | but you started your business with $2,000. Yes. Hi, I'm Sif Heider, the founder of Farray. I'm a |
| 0:28.2 | wellness entrepreneur and digital creator, and this is my show of the Dream Bigger podcast. Listen, |
| 0:33.7 | I love dreaming big, but you know what I love more? Actually having the resources to make those big dreams happen. And hey, dreams can sometimes be private jets, but other times, they can look a little something like having the best skin of your damn life, or starting a successful business, or delving into spirituality. So on this podcast, I chat with experts and thought leaders |
| 0:56.4 | from different fields about their tips and tricks on doing exactly that. So let's get right into it. |
| 1:05.6 | So I want to start with something that can sometimes be controversial. Thoughts on natural versus lab. I had to |
| 1:13.1 | start here. Had to. It's the million dollar question these days. So there are benefits to both. |
| 1:20.6 | And I think what is so interesting is for the first time in the history of diamonds, people have |
| 1:26.1 | this choice that they didn't have before |
| 1:27.9 | because natural diamonds are really expensive because they're actually rare and they actually |
| 1:32.4 | take millions of years to form and all the things and they are really, really special. |
... |
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