Diamonds are plunging in value around the world. Is China to blame?
- Posted on December 22, 2024
- By South China Morning Post
- 1 Views
![](https://cdn.i-scmp.com/sites/default/files/styles/og_image_scmp_generic/public/d8/images/canvas/2024/12/20/badee533-5778-4aee-bb0b-f6fb2c9d845e_f14e20b0.jpg?itok=mLldkJ7p&v=1734687508)
Diamonds are plunging in value around the world. Is China to blame?
![](https://cdn.i-scmp.com/sites/default/files/styles/og_image_scmp_generic/public/d8/images/canvas/2024/12/20/badee533-5778-4aee-bb0b-f6fb2c9d845e_f14e20b0.jpg?itok=mLldkJ7p&v=1734687508)
China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.