Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper lab-grown gems. Among De Beers’ larger stones, one ...
The boom in lab-grown diamonds may have permanently fractured the market for natural stones, industry analysts say.
In an economy where prices are climbing everywhere you look, there’s one bright, shining example that bucks the trend: diamonds. Diamond prices have plunged by 50% since 2022 and are now at a record ...
China is producing so many artificial diamonds that prices have crashed 90% and De Beers has permanently stopped making ...
Buying a diamond is about to become more expensive. Blame a myriad of factors that are boosting the market, including tighter supply, hotter demand, and a wave of couples who are expected to get ...
Diamonds have lost their twinkle in the eyes of the consumer, and industry professionals are sounding the alarms. “The diamond industry is in trouble,” Ankur Daga, founder and CEO of e-commerce ...
LAS VEGAS--(BUSINESS WIRE)--Diamond prices fell in September as the market continued to suffer from an oversupply. Indian manufacturers reduced rough-buying and polished production to rebalance supply ...
Forbes contributors publish independent expert analyses and insights. Specialist in global markets, economics and alternative investments. Insuring diamond jewelry has traditionally been simple. The ...
De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its ...
Prices for rough diamonds — the raw, unpolished, and uncut stones — have dipped in 2023 as many post-pandemic consumers shy away from luxury goods. According to the Zimnisky Global Rough Diamond Index ...
LAS VEGAS--(BUSINESS WIRE)--Diamond-price drops became more moderate in January, especially in the small goods that had seen sharp declines in recent months. Buyers remained cautious due to price ...