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Why the price of diamonds is crashing | 9 News Australia
Posted
February 26, 2026
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17,543
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February 26, 2026
17,543
159
39
1.13%
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0:58Now PlayingThe world's biggest diamond miner, De Beers, has officially traded billion-dollar profits for massive losses as lab-grown diamonds disrupt the global market. While rarity once fueled high prices, the Diamond Standard Index shows a significant decline since lab-grown gems became widely available.
With gold prices remaining high, what are you putting on engagement rings instead? Let us know in the comments. | Subscribe and 🔔| Get more breaking news at 9News.com.au
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