How Lab-Grown Diamonds Broke the Market | Off the Clock

2026-08-15 · 63 min · 15 entities

episode page audio

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→ hosted by Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers
→ discusses Education concept

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evidence rules-v5
Feed category: Education
→ discusses Science concept

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evidence rules-v5
Feed category: Science
→ discusses Social Sciences concept

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evidence rules-v5
Feed category: Social Sciences
→ discusses Courses website

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Feed category: Courses
→ references Platypuseconomics website

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Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://youtube.com/platypuseconomics
→ references newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://newsletter.platypuseconomics.com/

Entities found in this episode

concepts 7

mentioned Education concept

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evidence rules-v5
Feed category: Education
mentioned Science concept

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evidence rules-v5
Feed category: Science
mentioned Social Sciences concept

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evidence rules-v5
Feed category: Social Sciences
mentioned Off The Clock concept

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evidence rules-v5
How Lab-Grown Diamonds Broke the Market | Off the Clock
discusses Education concept

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evidence rules-v5
Feed category: Education
discusses Science concept

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evidence rules-v5
Feed category: Science
discusses Social Sciences concept

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evidence rules-v5
Feed category: Social Sciences

websites 6

mentioned Courses website

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evidence rules-v5
Feed category: Courses
mentioned Platypuseconomics website

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evidence rules-v5
Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://youtube.com/platypuseconomics
mentioned newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://newsletter.platypuseconomics.com/
discusses Courses website

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evidence rules-v5
Feed category: Courses
references Platypuseconomics website

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evidence rules-v5
Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://youtube.com/platypuseconomics
references newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "How Lab-Grown Diamonds Broke the Market | Off the Clock": https://newsletter.platypuseconomics.com/

persons 2

mentioned Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers
hosted by Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers

Episode description as stored

Justin Wolfers and Bloomberg's Stacey Vanek Smith pick through a week of confusing economic news on the latest episode of Off the Clock. First up, inflation. Inflation came in at 3.4% — not great, not terrible — but here's the part that stings: prices are still rising faster than wages and the average American paycheck buys less than it did a year ago. They also dig into the July jobs report and why it was a real jolt: the economy lost 23,000 jobs when forecasters expected a gain of 80,000, and earlier months got revised down too. Then Stacey talks to Justin about how lab-grown diamonds have absolutely crushed prices in this luxury industry (a $6,000 stone now sells for $10 at Walmart). This prompted a fascinating discussion on the diamond-water paradox, thinking at the margin, and why the AI shock to "cognitive work" may be the labor market's version of the same thing. Finally, Justin and Stacey cap off the episode with another round of Chart versus Chart. Be sure to vote for your favorite on the channel homepage for Platypus Economics. Subscribe on YouTube https://youtube.com/platypuseconomics Subscribe on Substack 👉 https://newsletter.platypuseconomics.com Follow on Social Media @PlatypusEconomics and @JustinWolfers Follow Stacey @svankesmith