De Beers has initiated a significant pricing strategy shift for its lab-grown diamonds sold through the Lightbox jewelry brand.This move comes in response to the falling wholesale prices of lab-grown diamonds, which have posed financial challenges for producers within this sector. “These price declines are expected to lead to further substantial reductions in retail prices, with De Beers’ Lightbox brand testing significantly lower prices for its products.”Economic and Market DynamicsThe decision to lower prices reflects broader economic pressures and evolving market dynamics. The diamond industry, particularly in the U.S., has been navigating through macro-economic challenges, which have impacted consumer demand…

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