Diamonds 1. Why millennials are going for experiences over diamonds? Millennials are going for experiences like destination weddings and vacations over diamonds. They are also wooed by non-conventional stones and other luxury items instead of diamonds. An analyst from Bank of America Merrill Lynch, Ashley Wallace explains this by saying that the millennials have become more value conscious, concerned with sustainability and ethical production and often value unique and individual products versus standardized and mass produced. A De Beers Insights report states that fine jewelry is not in the top 5 gift list of US women. Read more… Lab-grown diamonds 2. Hoover and Strong announces
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