Diamond prices crashed in 2024. Where does the industry go from here?

3 months ago 29

This week, we take a look at the crashing prices of diamonds in 2024 and what the new paradigm of the industry will be thanks to the rise of lab-grown diamonds.

The diamond industry was disrupted in 2024. While the rise of lab-grown diamonds began eating into the prices of mined diamonds, which reached their record high in 2022, 2024 was the year prices for mined diamonds truly collapsed.

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