The diamond market is crashing, prices are tanking worldwide

[Memorial Stadium Piru]

x.com

x.com

Fashion Briefing: Diamond prices crashed in 2024. Where does the industry go from here?

Lab-grown diamonds went from selling for around 20% less than mined diamonds in 2019 to selling for around 80% less.

www.glossy.co

Fake ice came through and crushed the buildings

 

[Pure Water]

The world can begin to heal.

 

[Seoul Gleou]

Good

 

[Luke Cage]

I thought it was weird nobody talked about them trending in this direction once it became common for artificial diamonds to be produced.

at least i didn't notice anyone making this prediction. but i stopped caring about the value of diamonds a while back. Figured gold is the safest bet for the future (when it comes to valuable rocks)

 

[Richard Glidewell]

Good

 

[O.T.I.S.]

Should I invest

 

[EarlyEarly]

Don’t buy your girl a diamond. Buy her a holographic Charizard. Thank me later

 

[tuckgod]

They’ve removed the stigma of lab made stones.

This was a natural affect.

They were never rare, never valued until the Jewish De Beer family used their Kabbalah to turn water to wine in SA.

 

[Devilinurear]

Good

 

[Hawaiian Punch]

Let em burn

 

[Trojan 24]

Good, about time Gen Z being broke does something positive

 

[Patrick Kane]

Almost everyone I know that’s got engagement rings the last 5 years went with lab grown. Doesn’t make sense to drop 15-25k on a mined diamond that the piece of shyt De Beers group artificially marked up. Legit one of the most evil and corrupt corporations on the planet.

This article on the Atlantic was a great write up on how the De Beers group finessed us all with their engagement ring marketing campaign :

We Buy Engagement Rings Because a Diamond Company Wanted Us To

In the 1930s, few Americans proposed with the precious stone. Then everything changed.

www.theatlantic.com

 

[DonB90]

Fun fact. Copper is more scarce then diamonds.The entire diamond "market" is make believe

Explained | Why copper is now more attractive than diamond - CNBC TV18

The increasing global rush for electrification, production of semiconductor chips, electric vehicles and artificial intelligence make copper a more attractive bet than diamonds.

www.cnbctv18.com

 

[Luke Cage]

Almost everyone I know that’s got engagement rings the last 5 years went with lab grown. Doesn’t make sense to drop 15-25k on a mined diamond that the piece of shyt De Beers group artificially marked up. Legit one of the most evil and corrupt corporations on the planet.

This article on the Atlantic was a great write up on how the De Beers group finessed us all with their engagement ring marketing campaign : We Buy Engagement Rings Because a Diamond Company Wanted Us To

i bought mine second hand. A karat is a karat. Why spend more money than everybody else when the value drops like car after taking it off the lot?
You can find all your diamond needs at a pawn shop for the low. shyt looks brand new after you clean it and put it in a nice box.

 

[Neuromancer]

Great