– Diamond Prices Crash To Multi-Decade Lows As Art, Wine, & Rolex Markets Sour:
The downturn in the diamond market is nothing short of breathtaking. Prices are in free fall as cash-strapped consumers have been shunning luxury goods, grappling with failed Bidenomics that unleashed an inflation storm and resulted in high interest rates. Compounding the issue, the rising demand for lab-grown diamonds has pressured the prices of natural stones.
According to Bloomberg data, citing the Diamond Standard Index, diamond prices have plunged to the lowest on record, with data going back to early 2002. The index has lost 45% of its value since March 2022.
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