"De Beers Group doesn't comment on specific price movements for its rough diamond sales outside of formal financial reporting... stabilization in polished diamond wholesale prices and declines in polished diamond stocks at retail and in the midstream recently represent a platform for improved equilibrium and growth."
"A recent report from McKinsey... explained diamond prices were collapsing in the aftermath of the pandemic, despite the resumption of engagements and marriages and a normalizing supply chain."
"Multiple reasons behind the slump in the diamond world include consumers wanting to understand where their diamonds come from, and the sustainability of those products."
"The massive success of lab-grown diamonds... is being eagerly embraced by millennials and Gen Zers, representing a significant shift in consumer preferences."
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