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
Monday, April 11, 2016 - 05:50

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom