Why Americans Are Buying Cheaper Diamonds

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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