You are here

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

BT_20160411_CPHEIST11_2215120.jpg
Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.

London

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

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom