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Understanding the diamond downturn
You may have heard that a diamond is forever. Turns out, a diamond's value is not. Overall, global rough diamond prices are down 20% year over year and 40% from a decade ago. That's just for natural diamonds — not the increasingly popular lab-grown diamond category. And legendary diamond mining company De Beers announced it's suspending diamond production at its largest mine. We'll unpack. But first: why Fed officials are so confident about hitting their inflationary target.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace…
The skinny
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