Fashion

Member Exclusive

Fashion Briefing: Diamond prices crashed in 2024. Where does the industry go from here?

By Danny Parisi

Jan 2, 2025

Lab-grown diamonds went from selling for around 20% less than mined diamonds in 2019 to selling for around 80% less. Some mined diamond prices have fallen as much as 20% and will likely continue dropping next year. The changes have been immediately felt by jewelers who spoke with Glossy.

The Glossy Fashion Podcast See More

The Glossy Fashion Podcast
3 major takeaways from an extravagant, maximalist Milan Fashion Week
Oct 2, 2026
The Glossy Fashion Podcast
London Fashion Week got more commercial. Did it get better?
Sep 25, 2026
The Glossy Fashion Podcast
Glossy Podcast: 6 new things we saw at NYFW
Sep 18, 2026

Go to The Glossy Fashion Podcast page

Events See more

14
Oct

New York, NY October 14, 2026
Glossy x Modern Retail Brand Leaders Dinner
The Glossy x Modern Retail Brand Leaders Dinner is an exclusive, invitation-only dinner bringing together influential brand executives to discuss their biggest challenges and industry opportunities.
4
Nov

New York, NY November 4, 2026
Digiday Creator Strategies
Bringing together leaders from across the ecosystem to examine the current state of the creator playbook and what's next for creator partnerships, monetization and brand growth.
9
Nov

Westlake Village, CA November 9-11, 2026
Glossy Beauty & Wellness Summit
At Glossy’s Beauty & Wellness Summit, leaders from the industry’s most influential brands will discover cutting-edge strategies, connect with decision-makers, and gain the edge in this rapidly evolving market.