I think it depends on the sexual attraction to begin with, why it was lost, and what can be done to bring it back, and/or if the parties are willing to do it.
Is it physical, or an emotional thing?
If this can be solved by some time on the treadmill then it is honestly best to be forthcoming but tactful. If it is the result of a personality change it is much more complicated. For example, I lost interest in a woman once when I found out that she listened to Rush.
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