China Affair With Cheap Diamonds Heats Mass Market: Commodities - Bloomberg: "As demand grows for lower quality goods, the prices rise and the cost gap between them and the next price point closes. This can encourage shoppers to step up to the next level of quality -- until the price gap widens again.
“Traditionally, it was quality, and in particular clarity, that was the most important consideration, now it’s much more of a mixed bag,” said Gemdax’s Aggarwal. “People have latched on to the fact that when you buy a lower quality diamond there is not always a big difference in appearance. There is however, a big difference in price.”"
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