Why diamonds are not forever. Lessons from two decades of zero returns.
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said people have long preferred gold to diamonds, which he described as having glamour but no investment value. He pointed out that a few players controlled supply and that cheap lab-grown stones are now flooding the market.
More of Abhishek's views on money management
The article asks market professionals what investors can learn from two decades of flat natural diamond prices. It discusses how lab-grown stones have hit demand, why diamonds are hard to resell, and how commodities differ from equities. It also considers whether cryptocurrencies could meet a similar fate.
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Why diamonds are not forever. Lessons from two decades of zero returns.