The diamond industry is witnessing a significant shift as lab-grown diamonds lose their appeal due to oversupply and plummeting prices. According to World Diamond Council President Feriel Zerouki, ...

De Beers reportedly cut rough diamond prices in January, a rare retreat by the industry’s once-dominant broker as slumping demand, lab-grown stones and trade turmoil batter the global diamond market.

But the market has seemingly made up its mind, at least when it comes to adornment. Allied Market Research valued the synthetic-diamond industry at $24 billion as recently as 2022, but in May, De ...

LAS VEGAS--(BUSINESS WIRE)--Diamond-price drops became more moderate in January, especially in the small goods that had seen sharp declines in recent months. Buyers remained cautious due to price ...

LAS VEGAS--(BUSINESS WIRE)--Diamond prices fell in September as the market continued to suffer from an oversupply. Indian manufacturers reduced rough-buying and polished production to rebalance supply ...