When new technology dissolves old moats – Diamonds Vs. Swiss Watches
Reading Time: 6 minutesWhen technology shatters old moats, new moats must be built. Lab grown diamonds have dulled the sparkle of De Beers’ moat. in the 1880s, Japan’s Quartz technology disrupted the Swiss Watchmaking industry. But instead of sending them to their grave, it became an opportunity to forge value in two opposite directions. The diamond industry can learn from them.