You seen me rant about those evil assholes before. Now there’s this:
Diamonds were once a girl’s best friend, according to Marilyn Monroe in the 1953 classic film Gentlemen Prefer Blondes.
But the boom of lab-grown rocks has upset traditional mining firms such as Anglo American, the owner of De Beers, the world’s leading diamond company, according to The Times.
The FTSE 100 company’s shares dropped by 20 per cent after it announced production cuts at its mines. Meanwhile, De Beers sold just $80million of rough diamonds at the end of October, compared with $454million a year earlier, BNN Bloomberg reported.
In comparison, the lab-created variety – regarded as more ethical and sustainable than those from mines – appears to be on the up; 10 per cent of diamonds sold in 2022 were lab-grown compared to only 2 per cent in 2018.
Couldn’t happen to a nicer bunch of corporate assholes.