Cook said his company has been building its stock on the assumption that diamond prices will recover, and that it will be able to sell that supply. At the end of 2024, that hasn’t materialized.

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 diamond industry is in trouble,” Ankur Daga, founder and CEO of e-commerce jewelry company Angara, told CNBC in a ...