Diamond Crash in China: Prices Drop 80% Overnight! 30 Billion Carats Produced, Fewer Marriages
Diamond Crash in China: Prices Drop 80% Overnight! 30 Billion Carats Produced, Fewer Marriages
Udumbara
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Buying our first home that loses half its value and a diamond ring that drops by 80%—what kind of bad luck did the 80s and 90s generation run into? Recently, diamond prices have plummeted. Lab-grown rough diamonds have dropped by 85%, and the retail price of loose diamonds has fallen by 80%. I opened my jewellery box, and my heart sank.
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