news@hexbear.netEnglish · 1 year ago

Diamonds are plunging in value around the world. Is China to blame?

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cross-posted to:
worldnews@lemmy.ml

106

Diamonds are plunging in value around the world. Is China to blame?

www.scmp.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to

news@hexbear.netEnglish · 1 year ago

cross-posted to:
worldnews@lemmy.ml

China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.

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came_apart_at_Kmart [he/him, comrade/them]@hexbear.net
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1 year ago
but at what cost to our beloved small business diamond cartels and family-owned conflict diamond brokerages?

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