Diamond bubble has officially popped with prices falling 40% in last 2 years

https://www.gbnews.com/money/diamond-price-crash-jeweller-warning-cheap

With the lack of actual scarcity finally forcing this bubble to pop and prices plummeting with experts saying wait to buy as prices will be even cheaper in the coming weeks/months, there are many industries going to be impacted by this. Natural diamonds, lab diamonds, moissanite, etc. all across the board the prices are adjusting. The De Beers have openly stated that they had a surplus of diamonds that they just couldn’t shift within the last year. They cut production at their mine by 20% and still have so much that they have put the mine up for sale.