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Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming


//business-finance.news-articles.net/content/202 .. e-of-luxury-jewelry-and-business-is-booming.html
Published in Business and Finance on Monday, December 9th 2024 at 10:00 GMT by AOL   Print publication without navigation

  • De Beers has a huge sway on diamond prices as it's still a significant player in the market. However, it has repeatedly cut diamond prices in the hopes of attracting more buyers, painting a gloomier picture of the future.

The article from AOL Finance discusses a surprising trend among Gen Z and Millennials who are increasingly opting for experiences over material possessions. Instead of investing in traditional luxury items like jewelry or high-end fashion, these younger generations are spending on unique experiences such as craft beer tasting, travel, and cultural events. This shift is driven by a desire for authenticity, personal growth, and memorable moments rather than the accumulation of physical goods. The article highlights how this change in consumer behavior is influencing various industries, with craft breweries seeing a surge in popularity as they offer not just a product, but an experience that fosters community and connection. This trend reflects broader societal shifts towards valuing experiences that enrich life and provide stories to tell, rather than items that merely signify wealth or status.

Read the Full AOL Article at:
[ https://www.aol.com/finance/forget-bling-beers-found-surprising-120648364.html ]

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