Jessica Karl, Columnist

Sorry, Adam Smith: Diamonds Aren’t Forever Anymore

The rise of lab-grown engagement rings is sparking an existential crisis about the value of luxury goods.

What's that rock worth?

Source: Canva

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The summer of 2025 has been dominated by two diamond rings: one of them is very, very large — bordering on obscene — and the other one is very, very smallso small that it almost looks as if it were made out of a sliver of tinfoil: