The diamond industry is collapsing

Published July 22, 2025 by Jim Wang

As someone who never understood it… I welcome it.

Are Diamonds Even a Luxury Anymore? De Beers Reckons With Price Plunge [Wall Street Journal] – “The brand made mined diamonds synonymous with love and devotion. Now the CEO decries what he calls a ‘huge con’ in lab-grown stones masquerading as precious.”

LOL

Published in General

Jim Wang was born and raised in New York and founded Wallet Hacks in 2015 and Bargaineering in 2004. As a long-time fan of the personal finance community, he felt the absence of a strong content curation service and sought to build Apex Money to fill that void.

J.D. Roth was born and raised in Oregon and founded Get Rich Slowly in 2006. JD loves to write, and it shines in his work on Get Rich Slowly, but he also loves to read. As the chief content curator of Apex Money, it’s this love that shines through in the content we share.