The Diamond Crash Accelerates

The Diamond Crash Accelerates The Diamond Standard Index, tracked on Bloomberg under the ticker DIAMINDX, tumbled to new record lows during the first half of August as a surge in affordable lab-grown stones eroded the scarcity premium underpinning natural diamond prices. "Technological progress in growing diamonds in labs has been amazing. It's no surprise most engagement rings are now using lab diamonds," X user Crémieux said. Technological progress in growing diamonds in la...

By Tyler Durden