FINALLY! De Beers Admitting That Diamonds Are TRASH! Diamond Jewelry Prices In A Free Fall Collapse

Рет қаралды 3,304

10 ай бұрын

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Read Full Article: fortune.com/2023/09/03/diamon...
One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead.
Diamond demand across the board has weakened after the pandemic, as consumers splash out again on travel and experiences, while economic headwinds eat into luxury spending. However, the kinds of stones that go into the cheaper one- or two-carat solitaire bridal rings popular in the US have experienced far sharper price drops than the rest of the market.
The reason, according to industry insiders, is soaring demand for lab-grown stones. The synthetic diamond industry has paid special attention to this category, where consumers are especially price sensitive, and the efforts are now paying off in the world’s biggest diamond buyer.
The shift doesn’t mean engagement rings are about to go on deep discount - the impact is limited to the rough-diamond market, an opaque world of miners, merchants and tradespeople that is several steps removed from the price tags in a jewelry store.
However, the scale and speed of the pricing collapse of one of the diamond industry’s most important products has left the market reeling. Now, the question is whether the plunging demand for natural diamonds in this category represents a permanent change, and - crucially - if the inroads made by lab-grown gems will eventually spread to the more expensive diamonds that are typically dominated by Asian buying.
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Пікірлер: 29

@bougougesjeweleryworld 10 ай бұрын

French jeweler here, just gotta say this is all facts man, its quite known that de beers holds a monopoly on these rocks called diamonds, and when there is a shrotage its cause they are letting in less diamonds thrn ussual into the market, its quite crazy the history of diamonds and how even world powers were involved to bring the price so high, amazing content keep doing your thing man, harlembling ks truly the best 💯🚀🤝

@romeobrown1121 10 ай бұрын

From the king of silver my boy Eddie is speaking facts to all of his Harlem bling army and to my silver knights like i been saying since day one. Keep doing ur thing bro let no one hold u down

@immortalsofar7977 6 ай бұрын

I predicted the diamond industry would be turned on its head as soon as I saw the first article on lab grown gems 15 years ago.

@icecoldbt3372 10 ай бұрын

Eddie can you make a video about Gold and Silver which is the most reflective and which is the shiniest because I see sometimes that gold is more reflective and sometimes silver it would be a good video

@a.goldman-miami 8 ай бұрын

Everything shot up in price 40% during covid, this is a correction with the addition of lab grown taking market share.

@Metalhead1409W 9 ай бұрын

My husband ordered for me a 2.70 carat moissanite ring in a 14K yellow gold setting. I couldn't be happier with the purchase.

@aheimdahl5201 8 ай бұрын

Quiet as its kept, Moissanite is cutting into Diamond profits as well. They are blaming Lab Diamonds but I truly believe that Moissanite has been heavily impacting Diamond prices as well. For the price of one Diamond Ring, I have been able to get a boatload of Moissanite jewelry. I'm Team Moissanite all the way!

@israe1 10 ай бұрын

great info as always eddie

@graphicvio1ence175 10 ай бұрын

Thank you, bro

@t0neeh213 10 ай бұрын

I’m happy for this! Now ima save 40% from my custom pieces

@Chino30040 10 ай бұрын

yes sir spitting facts

@absolutelynobody7294 10 ай бұрын

Diamonds are forever? Diamonds are a girls best friend? Diamonds are worthless.

@lovecreation5156 9 ай бұрын

Diamond are forever dropping in price from now ??? forever dxxing ???

@gerharddeale6506 9 ай бұрын

Hi work at a small diamond mine in South Africa,, things are not looking good for us,, no bonus this year,, hope I have job next year

@Felled-angel 3 ай бұрын

I hope you can get a real job and stop being part of the problem it's a resource that should easily be available as common steel so f ur job.

@hp7vlogs 10 ай бұрын

Real shit

@LuisaReyes-no3gt 9 ай бұрын

Every rapper wears mossonite and lie saying it's diamonds

@wghannam1982 10 ай бұрын

Dropping wisdom

@vampyrspawn696 10 ай бұрын

💎HARLEMBLING💎

@MM-mc2bf 15 күн бұрын

I dont want to wear what is affordable! I want the unaffordable.

@rmwtsou 3 ай бұрын

De Beers is falling not because of Moissanite, but because of lab grown diamonds. With availability of lab grown diamonds, only a fool will choose Moissanite!

@PureGrade999 10 ай бұрын

Real aa they come

@TheMason2501 10 ай бұрын

You're too soft of a talker turn that volume up please But yes you are so right

@demonmusic95 9 ай бұрын

*MOISSANITE GANG*

@AG-en5y 9 ай бұрын

❤❤❤ Fyi the biggest diamond supplier is the Russian company that starts with an A

@RanizmTheRealest 10 ай бұрын

The great awakening 😴

@Felled-angel 3 ай бұрын

Wake up people 1.9 billion tons of steel in the world. a quadrillion tons of diamonds in the world. So next time you see a guy with a steel chain just know that sht is rarer then diamonds.