Millennials aren’t buying enough polished diamonds, and the industry is predicted to drop by as much as 10% this year.

Millennials aren’t buying enough polished diamonds, and the industry is predicted to drop by as much as 10% this year. That’s according to the co-manager of Tribeca Global Natural Resources Fund (a hedge fund that hit it big betting on the marijuanaconomy last year). The gem was one of “the worst-performing commodities” of 2017, and this year, they could continue to lose luster with young consumers as synthetic alternatives gain appeal. (Bloomberg)