Fading sparkle? Lab-Grown diamonds dive from $300 to $78 a carat

The lab-grown diamond market has seen a significant price drop from $300 per carat in July 2022 to $78 per carat recently, with natural diamonds also experiencing a 25-30% decrease. The diamond industry has been negatively impacted by rising gold prices, a downturn in the US economy, and changes in Chinese buying patterns.