Is this the end for diamonds?

It turns out that diamonds aren’t forever, says Brian O’Connell for Quartz. Data from the Zimnisky Global Rough Diamond Price Index shows that prices have dropped 30% over the past three years. The industry is being upended by lab-grown synthetics, which trade for up to 85% less than the price of a natural stone of the same size and quality. Cost-of-living pressures are only heightening the appeal of artificial gems. The diamond industry faces particularly intense tariff pressure, says Jinjoo Le...