Cardiff Garcia | Texas Public Radio

Cardiff Garcia

Saying 'I Do' To Lab-Grown Diamonds

Mar 14, 2019

The global market for diamond jewelry is worth $80 billion dollars a year. Money is pouring into the industry, but why - when demand for diamonds isn't as sparkly as it once was?

There's a new player in the space that might change the market in the near future. It's a different kind of diamond – one grown in a lab. But man-made rocks come with some big marketing problems. Traditionally, luxury products are about scarcity – not accessibility. And, unlike other consumers, high end shoppers can be attracted to high prices.

The CEO of the streaming service Netflix recently told the company's shareholders something surprising: that Netflix faces more competition from Fortnite, the online video game, than from HBO, the television channel. So are movies, TV shows and streaming videos really in competition with video games? And if so, who's winning?

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For years NASA has been shifting away from a centralized model — where it does everything — to a decentralized model, where the functions of the space program are increasingly shared by the public and private sectors.

Economists looking for an indication of what the future holds keep a close eye on the jobs market. Heidi Shierholz is the director of policy at the Economic Policy Institute. She says there are three things in particular that she monitors: the quits rate, temporary employment, and average weekly hours.

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