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# __Dwindling Diamond Demand in China as Lab-Grown Gems Gain Popularity__, from ([20240630](https://kghosh.substack.com/p/20240630).) | ||
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__[External link](https://www.cnbc.com/2024/06/05/diamond-industry-in-trouble-as-lab-grown-gemstones-tank-prices-further.html?utm_source=substack&utm_medium=email)__ | ||
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## Summary | ||
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The demand for diamonds has declined, particularly in the Chinese market, resulting in falling prices. Lab-grown diamonds, which are cheaper and more accessible, have become increasingly popular, contributing to the decline in natural diamond prices. De Beers, once a dominant player in the diamond industry, is facing challenges and restructuring its business. The industry is also facing challenges due to economic conditions, changing consumer preferences, and a lack of large-scale category marketing. However, there is hope for the industry through marketing collaborations and efforts to reignite consumer demand, particularly in China. | ||
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## Keywords | ||
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* diamonds | ||
* demand | ||
* China | ||
* prices | ||
* lab-grown diamonds | ||
* De Beers | ||
* Anglo American | ||
* market | ||
* industry | ||
* marketing | ||
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## Themes | ||
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* declining demand for diamonds | ||
* rise of lab-grown diamonds | ||
* challenges in the diamond industry | ||
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## Signals | ||
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| Signal | Change | 10y horizon | Driving force | | ||
|:----------------------------------------|:--------------------------------------------|:----------------------------------------------------------------|:------------------------------------------------------------------------------------------------------| | ||
| Declining demand for diamonds in China | Decline in demand for diamonds | Lab-grown diamonds and other gemstones become more popular | Growing preference for lab-grown diamonds and other gemstones | | ||
| Falling diamond prices | Decrease in diamond prices | Prices continue to fall | Declining demand and growing popularity of lab-grown diamonds and other gemstones | | ||
| Anglo American plans to divest De Beers | Restructuring of business | De Beers is sold off | Shareholder preference for a longer-term strategy focused on copper and green infrastructure buildout | | ||
| Dwindling diamond demand in China | Decrease in Chinese demand for diamonds | Chinese consumers choose gold and lab-grown gems over diamonds | Falling marriage rates, preference for other jewelry options, and focus on experiences over products | | ||
| Rapid growth of lab-grown diamonds | Increasing popularity of lab-grown diamonds | Lab-grown diamonds make up a larger share of the diamond market | Lower prices and increasing consumer acceptance of lab-grown diamonds | | ||
| Diamond industry in trouble | Challenges in the diamond industry | Natural diamond prices continue to decline | Declining demand and changing consumer preferences | | ||
| Marketing campaigns to reignite demand | Efforts to increase demand for diamonds | Industry marketing campaigns to drive diamond sales | Collaborations between industry players and marketing initiatives to create desire for diamonds | | ||
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# __The Law of Displacement Speed & Leveraging Artifacts of Humanity__, from ([20240630](https://kghosh.substack.com/p/20240630).) | ||
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__[External link](https://www.implications.com/p/the-law-of-displacement-speed-and?utm_source=substack&utm_medium=email)__ | ||
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## Summary | ||
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This text discusses the Law of Displacement Speed and Leveraging Artifacts of Humanity in the context of startup culture and technology advancements. It explores the rapid displacement of startups and the implications of this phenomenon. The author compares the current AI frenzy to previous platform shifts and highlights the effects of displacement on commoditization and platform-level innovation. The text also touches upon the importance of customer empathy, the future of natural language AI, and the role of authenticity and human touch in creative work. Overall, it emphasizes the significance of staying ahead in a rapidly changing technological landscape. | ||
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## Keywords | ||
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* Law of Displacement Speed | ||
* Leveraging Artifacts of Humanity | ||
* startups | ||
* technology | ||
* AI | ||
* platform shifts | ||
* commoditization | ||
* platform-level displacement | ||
* models | ||
* interface | ||
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## Themes | ||
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* Technology | ||
* Artificial Intelligence | ||
* Authenticity | ||
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## Signals | ||
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| Signal | Change | 10y horizon | Driving force | | ||
|:---------------------------------------------------------|:--------------------------------------------|:-----------------------------------------------------------------------|:---------------------------------------| | ||
| The Law of Displacement Speed | Shift from rapid startup displacement to AI | Commoditization or platform-level innovation in the AI industry | Rapid innovation and displacement | | ||
| Leveraging artifacts of humanity | Increased focus on authenticity in media | Media will showcase human provenance and demonstrate the "human touch" | Desire for trust and uniqueness | | ||
| Increase in adoption of Content Credentials | Shift towards verifying content | Content will display provenance information for trust and transparency | Need for trusted and authentic content | | ||
| Interface > Data > Model | Focus on interface and data in AI | Distinction in the market will be based on interface and data | Refactoring of workflows and data | | ||
| World-class natural language AI becomes free | Transition to free AI models | Major consumer platform OSes and primary enterprise platforms will win | Market commoditization and dominance | | ||
| Flexibility in managing AI | Shift towards managing AI | We will become managers to manage AI | AI automation of tasks | | ||
| Meeting people out of your zone | Expanding imagination and network | Building connections outside of traditional networks | Diversifying perspectives | | ||
| Importance of customer empathy | Transformation of consumer workflows | Companies will innovate workflows through deep empathy | Understanding of customer problems | | ||
| Significance of "artifacts of humanity" in creative work | Adding meaning and scarcity to media | Creative work will showcase human inputs and gain viewer appreciation | Expression of human craft | | ||
| Increase in desire for trust and verification tools | Growing recognition of misinformation | People see the need for tools to verify online content | Impact of misinformation on trust | | ||
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