As various studies suggest, millennials are postponing marriage till much later in life compared to previous generations, which means people are also delaying their engagement ring purchases. Strangely, Bank of America considers this a plus for the diamond industry.
You may see them all year long, but ad campaigns for sparkly jewelry really ramp up between Thanksgiving and Valentine’s Day. And in the past few years, the usual suspects — “a diamond is forever” and “he went to Jared” and “every kiss begins with Kay” — have been joined by a newcomer: The “chocolate” diamond.
Daphne Guinness's current fashion exhibit at the Museum at FIT has drawn the ire of peace groups including Code Pink and Jewish Voice for Peace because of the show's principal sponsor, one Lev Leviev. Leviev is a Soviet-born Israeli diamond magnate and real-estate speculator with a reported personal fortune of $1.5…