The diamond industry is experiencing a radical transformation - ft

In just a few years, the jewelry market collided with the collapse of prices, the change of leaders and the massive re -consumers - amid the explosive growth in the production of laboratory -grown diamonds in China. Today, a three -carable synthetic stone is sold in 7% of the cost of a natural analogue, and the share of artificial stones in the US market has increased from 3% to 17% in just four years. In the segment of engagement rings, their share already exceeds 50%. Against this background, the largest players of the natural segment incur Record losses. - Read more