Planet Money buys a mystery diamond
Planet Money
Shifts and Challenges in the Diamond Market
This chapter examines the evolution of the diamond market, focusing on the transition from monopoly to competition and the subsequent impact on prices. It highlights the introduction of lab-grown diamonds, the dynamics of supply and demand, and the discrepancies in pricing between wholesale and retail. Through interviews and personal anecdotes, the chapter reveals the complexities and consumer perceptions surrounding both natural and lab-grown diamonds.
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