GFN – NEW YORK: Natural diamond prices have fallen more than 50% since 2022 to their lowest level on record, according to Apollo Global Management's chief economist Torsten Slok, underscoring the structural shift in luxury commodity markets as lab-grown alternatives continue to reshape consumer demand.
I watched a YouTube video about the decline of diamond prices and its premise was the Chinese have mass produced man made diamonds that have flooded the market in recent years. The Chinese began by making industrial grade man made diamonds for their growing industries and diversifying into the jewelry diamond market.
Buyers are deciding now to buy the man made version at a fraction of the price of a natural diamond.
I watched a YouTube video about the decline of diamond prices and its premise was the Chinese have mass produced man made diamonds that have flooded the market in recent years. The Chinese began by making industrial grade man made diamonds for their growing industries and diversifying into the jewelry diamond market.
Buyers are deciding now to buy the man made version at a fraction of the price of a natural diamond.
No mention of Russian Diamond dump....
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