The drop is mainly driven by three factors: muted demand in key export markets like the US and China, a 10-15% fall in diamond prices due to oversupply, and a shift in consumer preference toward ...

According to a new report by McKinsey & Company, the diamond industry could see diamond prices stabilise in the coming years ...

Prices have fallen to their lowest ... Participants discussed the significant impact of current pricing challenges on the diamond industry, including their implications for market stability ...

De Beers, the world’s biggest producer of natural diamonds, has slashed its prices by 10% to 15%, Bloomberg reported. Blame man-made, or lab-grown, diamonds, for one thing. Other factors include ...

The 7.5-carat diamond from Indian Prime Minister Narendra Modi was easily the most costly gift presented to any member of the first family in 2023, although she also received a brooch valued at $ ...

As post-COVID demand cooled and prices plunged, the world's largest diamond producer started stockpiling unsold inventory to weather the moment. "We build up stocks of those because we are ...