This is the Millennials’ fault. They are hardly buying any diamonds at all!
If the diamond industry collapses, who will give jobs to children and kill workers who rebel?
Funny you should ask. They’ve got a good model in a certain emerald mining scion turned chronic safety measure evader.
Diamonds are stupid
My wife
Still spent $7k on a diamond ring.
Lab grown diamonds are cheaper, completely ethically created, and can be made to a higher level of purity and quality than naturally occurring diamonds, since they are created under highly specific laboratory conditions.
Seriously: terrestrial diamond mining should be made illegal, now that we can make industrial and jewelry diamonds (as well as many other gemstones) at a higher average quality and far lower cost than those found in nature. But it won’t be, because a few people with far too much money invested in Diamond mining won’t let it happen, and they’re not afraid of orchestrating a coup or three if they think it’ll get them what they want.