Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper lab-grown gems.

Among De Beers’ larger stones, one category of mined diamonds had its price slashed by as much as 25%, according to Bloomberg, citing people familiar with the matter.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.