Why the Diamond Industry Is Collapsing

Video Description

The Diamond Market Is Collapsing – Here's Why The diamond industry is in freefall. Prices of mined diamonds have dropped 26% year-over-year, while lab-grown diamonds have plunged a shocking 74%. What happened? And what does this mean for the future of the jewelry industry, business, and cultural norms? ------------------------------------------------------------------ ► Join 40,000+ business minds who read my newsletter: bit.ly/SmallBusinessMBA ► Deep dives on businesses for sale: https://www.youtube.com/@AcquisitionsAnonymousPodcast ► Follow me on Twitter/X: https://x.com/girdley ------------------------------------------------------------------ 👉 In this video, I break down: - How De Beers manipulated the market for decades - Why millennials & Gen Z have abandoned diamond traditions - How technology & lab-grown diamonds are flooding the market - What this means for the future of luxury goods