THE FINANCE GHOST: Will De Beers face the next quartz crisis?

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

As lab-grown diamonds now rival mined gems on every level — especially price — big daddy De Beers may soon have an existential crisis on its hands, like the Swiss watchmaking industry in the 1970s, writes FinanceGhost.

De Beers doesn’t just participate in the diamond industry; for decades the company was the diamond industry. A little more than half a century after its establishment in 1888, De Beers devised the industry’s all-important diamond grading system to run with the world-famous slogan “A diamond is forever”.

In case you’re wondering, the slogan was created by a young woman copywriter, Frances Gerety. In the 1940s, women copywriters were assigned exclusively to women’s products, as the zeitgeist allowed only for men writing for men. That critical allocation to the De Beers account would lead to what is widely regarded as the best advertising copy of all time. It’s a fantastic story of breaking the diamond ceiling....

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines