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

www.scmp.com

cross-posted to:
worldnews@lemmy.ml

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

www.scmp.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to

news@hexbear.netEnglish · 25 days 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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