There appears to be two things going on here. First, millennials are seemingly less enthralled with buying diamonds as tokens ...

The precious mineral is facing a baseline 10% import duty to the U.S. — a market accounting for over half of the global ...

Increasingly, they are turning to lab-grown diamonds—made by compressing carbon at high-temperatures--which cost significantly less than traditionally mined versions. Lab-grown diamonds are ...

Since De Beers, the world’s leading diamond company, ingeniously announced that “diamonds are forever” in the 1940s, most engagement rings have included a diamond—and an expensive one at that.

Diamonds aren’t rare ... Gerety—who never married in her lifetime—came up with the “A Diamond is Forever” tag, which is still used by De Beers and the diamond industry today.