Luxury Jewelry Is Booming. So Why Are Diamond Mines Closing?

Luxury jewelry sales are booming, yet major diamond mines are closing. Episode 5 of Diamond Dudes breaks down market splits, lab-grown impact, and mine economics.

While luxury jewelry houses report record growth, major diamond mines like Venetia and Ekati are shutting down or suspending operations. Episode 5 of the Diamond Dudes podcast explores the economic paradox splitting the diamond market, the rise of lab-grown synthetics, and what the industry must learn from global luxury brands.