How the diamond industry lost its sparkle

When the South Sea Bubble burst in 1720, it wiped out fortunes and plunged Britain into its first great stock market crisis. The collapse of the South Sea Company, a government-backed scheme that promised to turn national debt into riches, left the country's finances in disarray ...  Show more

In 1720, the South Sea Company was one of the most valuable businesses in Britain until a spectacular collapse in its publicly traded shares triggered the country’s first major stock market crisis. At the centre of the story was John Blunt, a shoemaker’s son who rose through the ...  Show more

A few years ago you could have assumed all diamonds had been dug out of the ground – but now it’s true that some of them have been created, at unbelievably high temperatures, in just a matter of weeks. In the first of two Business Daily programmes about the evolving diamond marke ...  Show more

Diamond output by the mining giant De Beers is down 23% this quarter. Demand is slowing as a bounce from the coronavirus pandemic wears off and synthetic diamonds eat into market share. Today on the show, we try to understand the market for diamonds. Also, we go short Charles ...

When is a diamond really a diamond? When it’s been formed miles underground a billion years ago, or when has it been created in a laboratory, under temperatures close to the heat of the sun? The answer is – both are true. They look and behave exactly the same, but they are very d ...  Show more

India's massive diamond industry is grappling with a prolonged crisis. Western sanctions on big miner Russia, inflation in the US and a downturn in China have hit the industry which cuts and polishes nine of ten diamonds in the world. Exports from the world's top diamond expor ...