Natural diamonds struggled to preserve value, whereas digital assets achieved significant growth over sixteen years.

As shoppers look for ever bigger and blingier sparkles, synthetic diamonds have become increasingly popular — especially in the United States, the world’s largest market for diamond jewelry.

Allied Market Research valued the synthetic-diamond industry at $24 billion as recently as 2022, but in May, De Beers—a longtime proponent of man-made—announced that its lab-grown offshoot ...

De Beers is closing its lab-grown diamond jewelry business, Lightbox, it said on Thursday. ... Now, though, prices of synthetic diamonds have plummeted 90 percent at wholesale, ...