16/6/2024, 4:06:02 pm

Are natural diamonds losing their sheen? Experts weigh in

The diamond industry has witnessed a 6% decline in prices this year, attributed to demand and supply dynamics. China's declining demand, accounting for 40% of the market share, has significantly impacted the industry. To address this, stakeholders need to invest in marketing andrebuild consumer confidence. The lab-grown diamond market has gained popularity, but pricing remains a challenge.