Natural diamond prices have plummeted roughly 60% since 2022 as lab-grown alternatives take over the engagement ring market. Reporter Liz Napolitano takes a look inside the factory-made diamond boom, the crisis facing mining giants like De Beers, and whether mined stones are finally hitting rock bottom.
Chapters:
0:00-00:39 Introduction
00:40-02:37 Chapter 1 - Lab-grown Diamonds
02:38-04:25 Chapter 2 - Diamond Miners
Reporter: Liz Napolitano
Produced and Shot by: Romy Tarantino
Edited by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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Why Americans Are Buying Cheaper Diamonds
Chapters:
0:00-00:39 Introduction
00:40-02:37 Chapter 1 - Lab-grown Diamonds
02:38-04:25 Chapter 2 - Diamond Miners
Reporter: Liz Napolitano
Produced and Shot by: Romy Tarantino
Edited by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Why Americans Are Buying Cheaper Diamonds