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forbes.com
🌐 85% Global Worthiness
Diamond Market Collapse Impacts De Beers, Alrosa, and Global Industry
Falling diamond prices are impacting major producers like De Beers and Russia's Alrosa due to market oversupply (both natural and lab-grown diamonds) and reduced consumer demand; De Beers has $2 billion in unsold gems, and Russia's Alrosa saw a 4.6% production decline in 2023.
Diamond Market Collapse Impacts De Beers, Alrosa, and Global Industry
Falling diamond prices are impacting major producers like De Beers and Russia's Alrosa due to market oversupply (both natural and lab-grown diamonds) and reduced consumer demand; De Beers has $2 billion in unsold gems, and Russia's Alrosa saw a 4.6% production decline in 2023.
Progress
36% Bias Score
Decent Work and Economic Growth
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