Why the Diamond Industry Is Collapsing
The Diamond Market Is Collapsing – Here's Why
The diamond industry is in freefall. Prices of mined diamonds have dropped 26% year-over-year, while lab-grown diamonds have plunged a shocking 74%. What happened? And what does this mean for the future of the jewelry industry, business, and cultural norms?
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👉 In this video, I break down:
How De Beers manipulated the market for decades
Why millennials & Gen Z have abandoned diamond traditions
How technology & lab-grown diamonds are flooding the market
What this means for the future of luxury goods