Diamonds Aren't Forever

In this series, Going Deep, we'll be doing bite-sized explorations into the most interesting industries, businesses, and economic events - in Australia and around the world.

For today's episode, we're looking at the decline and collapse of the global diamond industry.We've seen De Beers rack up billions in losses… and lab-grown diamonds take over half the engagement ring market.

In this episode, we'll explore how a 138-year monopoly was built on a single marketing idea — and how a machine the size of a kitchen appliance is tearing it apart. Plus, what that means for the countries, the companies, and the couples caught in the middle.

_

Note: This recording took place in February 2026. All numbers noted were accurate as of this date.

Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here

Download the free app (App Store): http://bit.ly/FluxAppStore

Download the free app (Google Play): http://bit.ly/FluxappGooglePlay

Daily newsletter: https://bit.ly/fluxnewsletter

Flux on Instagram: http://bit.ly/fluxinsta

Flux on TikTok: https://www.tiktok.com/@flux.finance

—-