Editor’s Note
This article examines the shifting landscape of the luxury diamond market, exploring the key factors behind its decline and what it signals for the future of fine jewelry.
Luxury: The Eternal Diamond Market is Crumbling
The world is turning away from the sparkling stone for its jewelry. Several factors are casting a shadow over this business shrouded in mystery. Explanations on the fallen star of jewelry.
Namya Bourban
Published: May 9, 2025, 09:33
In Brief:
- Trump’s customs tariffs have triggered a major crisis in the diamond industry.
- India sent half of its stock to the United States as a precaution.
- Synthetic diamonds are attracting buyers with prices three times lower.
The diamond market is declining with a product that is becoming increasingly exclusive.
