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Diamonds not forever to millennial generation

The gems are now cheaper than they were in 2006, while prices of luxury items have risen at above-inflation rates

Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.


IN THE diamond industry, even the crooks are old-fashioned.

The ringleaders jailed for a US$20 million jewellery heist in London last year were in their sixties and seventies, so it's no surprise they'd go after the gems. They're old enough to remember when advertisers said

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