Here's your summary from De Beers Has Run Out of Monopoly Power: Angara Founder ( on the Bloomberg Television channel: **TLDR:** De Beers' monopoly power in the diamond market has significantly decreased due to the rise of lab-grown diamonds and consumer preferences shifting towards colored gemstones. 1. De Beers' market share has dropped from 85% to 30% due to competition from other mining companies and the popularity of lab-grown diamonds. 2. Lab-grown diamonds are becoming increasingly popular, with half of engagement rings in the U.S. now featuring lab-grown centers due to their lower cost and indistinguishable quality from natural diamonds. 3. Consumer preferences are shifting towards colored gemstones, with 30% of brides preferring them over traditional diamonds, leading to a decrease in the market share of natural diamonds. #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro