15 Reasons Why Lab Grown Diamonds Are Taking Over The Jewelry Industry

1. Introduction

The jewelry industry is one of the oldest and most traditional industries in the world. For centuries, natural diamonds have been seen as a symbol of wealth, power, and prestige. But in recent years, that has started to change.

A new generation of diamonds is taking over the jewelry industry – and they’re not the traditional, natural diamonds that you’re used to. These diamonds are created in laboratories, and they’re quickly becoming the preferred choice for engagement rings, wedding bands, and other pieces of jewelry.

There are a number of reasons why lab grown diamonds are taking over the jewelry industry. To learn more about this trend, read on!

2. Economics

For many people, economic reasons are a strong influence when deciding to buy lab-grown diamonds rather than natural diamonds. Generally, lab-grown diamonds are much more economical, and they offer a great value when compared to natural diamonds.

Lab-grown diamonds tend to be 30-40% less expensive than natural diamonds. This makes them a more affordable option for those who can’t afford to buy a natural diamond. Additionally, lab-grown diamonds offer the same look and characteristics of natural diamonds without the hefty price tag.

The affordability combined with the superior quality of lab-grown diamonds make them a great choice for those who are on a budget and want to get more for their money. With lab-grown diamonds, you can get the same look, quality, and beauty of a natural diamond – all at a fraction of the cost.

3. The Environmental Impact

When selecting between natural and lab-grown diamonds it is important to consider their environmental impact. Lab-grown diamonds have a much lower environmental impact than natural diamonds.

The process of mining natural diamonds causes significant damage to the environment and threatens the surrounding ecosystems. Not to mention, many of the diamonds mined come from conflict zones where human rights are often disregarded and workers are put at risk.

On the other hand, lab-grown diamonds are created in a lab setting and do not require mining, land or water. Therefore, they have almost no environmental impact, making them a much more sustainable choice.

Overall, lab-grown diamonds offer a much more ethical and sustainable choice, making them the better option for those striving for environmental sustainability.

4. The Kimberley Process

The Kimberley Process is the internationally recognized set of guidelines designed to stop or at least alleviate the flow of “conflict diamonds” from entering into the diamond supply chain. The Kimberley Process is facilitated by the World Diamond Council and was established in 2002 to help protect participants in the diamond trade from being associated with these “blood diamonds”.

The process involves many participants that include both African and other countries, as well as international organizations like the United Nations and the European Commission. Under the Kimberley Process, diamond producing countries and exporters certify that the diamonds they are involved in selling come from sources free from conflict and do not fund illegitimate activities. Doing this enhances consumer confidence in the diamond trade and helps protect them from buying conflict diamonds.

Does the Kimberley Process include lab-grown diamonds? Yes, lab grown diamonds are becoming more widely accepted and recognized as a legitimate diamond format in the global diamond industry, so they are included in the Kimberley Process. As a result, when you buy lab grown diamonds, you can have the assurance that they do not finance any conflict or human rights abuses.

5.blood diamonds

The term “blood diamond” is a phrase used to describe a diamond that was mined and sold in a way that fuelled and supported wars in Africa. Also called conflict diamonds, these diamonds heightened the suffering of the African people in the Congo, Liberia, Angola, and Sierra Leone.

These diamonds are usually mined under inhumane and dangerous conditions. The miners are exposed to violence and receive little to no pay. The money from the sale of the diamonds were used to fund weapons and activities of violence, such as in the case of the Revolutionary United Front in Sierra Leone.

The United Nations and many other organizations have made significant efforts to end the trade of blood diamonds. With the help of initiatives such as the Kimberley Process, the sale of conflict diamonds have dropped , and it should continue to do so. The Kimberley Process also includes lab-grown diamonds which means there is no risk of buying a blood diamond when buying a lab-grown diamond.

6. The Ethics Of Lab Grown Diamonds

The major advantage of lab-grown diamonds is their ethical approach towards the production of diamonds. As mentioned earlier, buying “normal” diamonds comes with the risk of buying a diamond that has supported wars in Africa or has been mined using inhumane labor. By buying lab-grown diamonds, you can guarantee that the diamonds have been produced ethically in a laboratory, without any exploitation of human labor.

In addition, many companies are also concerned with sustainability when manufacturing lab-grown diamonds. They employ green manufacturing practices to reduce their environmental impact and use process that consume less energy and fewer resources than mining diamonds.

For customers who are looking to purchase jewelry with diamonds, buying lab-grown diamonds is the more ethical and responsible choice. The diamonds are clean, conflict-free and can be produced sustainably. By choosing to support companies that produce lab-grown diamonds, customers can be certain they are promoting a responsible and ethical industry.

7. Lab Grown Diamonds Are More Durable

A key advantage of lab-grown diamonds is their higher durability compared to mined diamonds. Lab-grown diamonds are physically, chemically, and optically identical to mined diamonds, with the same level of brilliance and hardness.

Lab-grown diamonds actually tend to be stronger since the entire crystal structure is able to be precisely grown, unlike mined diamonds that often contain impurities. As a result, lab-grown diamonds can last longer and be more resistant to impacts and abrasion. They are also less likely to chip or break when set in jewelry.

Lab-grown diamonds offer customers the same level of brilliance and fire with greater durability and strength. As a result, they can last longer and be more practical for everyday wear and tear. This makes them a great choice for engagement rings and other jewelry pieces.

8. Lab Grown Diamonds Have Greater Clarity

Lab-grown diamonds have amazing clarity compared to mined diamonds. Lab-grown diamonds have less inclusions and impurities. In fact, due to the advanced technology used to produce them, they may come with clarity grades as high as VVS or Excellent. This is the highest clarity grade in diamonds.

Lab-grown diamonds come with a Certification or Grading Report, just like mined diamonds. This report is provided by a recognized international laboratory such as the Gemological Institute of America (GIA). The lab report will help you compare the clarity of the lab grown diamonds against mined diamonds.

Aside from higher clarity grades, lab grown diamonds also tend to have higher levels of uniformity in their cut, enabling them to put out more brilliance and fire than mined diamonds. This is due to the fact that the entire crystal structure of lab-grown diamonds is able to be precisely grown.

All of these traits make lab-grown diamonds a great choice for diamond jewelry. Not only does their superior clarity and uniformity make them stand out from mined diamonds, but their greater durability ensures that they last longer.

9. Carat Weight

Lab-grown diamonds are typically solid, deep and optically clear, making them ideal for engagement ring stones. These attributes combined with their price point makes them a popular choice for diamond buyers. Because lab-grown diamonds can have a larger physical size for their carat weight, buyers are able to get the look for larger diamonds for a better price.

A lab-grown diamond can weigh up to 1.25 – 1.30 carats for every 1 carat of mined diamond. This makes them more than 20% weightier than mined diamonds of the same size. Some diamond cutting companies can also cut lab-grown diamonds to as small as 0.1 carats, making them more cost-effective and a better value.

Buying a lab-grown diamond gives you the opportunity to get a bigger diamond without paying the premium price associated with larger diamonds. This unique characteristic makes it an attractive option for those on the lookout for affordable diamond jewelry.

10. lab-grown diamonds are eco-friendly

The production process of lab-grown diamonds is more eco-friendly than that of mined diamonds. Compared to regular mined diamonds, which need to be dug from the ground with heavy-duty machines, lab-grown diamonds are produced with much lower carbon emissions. This makes them the environmentally conscious choice when it comes to jewelry.

Moreover, the precious resources of the earth—that are heavily used to dig for diamonds—are conserved by producing diamonds in a lab. Due to this eco-friendly process, jewelers who want to show their ethical approach can proudly advertise their lab-grown diamond jewelry.

In addition to this, lab-grown diamonds do not contain any harmful substances or substances that can cause harm to the environment. This makes them a more sustainable option over mined diamonds, that are often mined in areas where regulations are not strictly enforced.

11. they eliminate the possibility of blood diamonds

Lab-grown diamonds eliminate the possibility of purchasing a diamond that has been obtained through unethical or illegal sources. Blood or conflict diamonds are diamonds that are mined in war-torn areas to fund military activity. These diamonds are usually mined in dangerous conditions by workers who are paid unfairly or even worse, made to work in slave-like conditions.

The production of lab-grown diamonds keeps the diamond industry non-conflict and clean. Lab-grown diamonds are certified to be cruelty-free and conflict-free, providing peace of mind to jewelry consumers that the diamonds they are buying are not obtained through unethical means. Moreover, lab-grown diamonds are not exposed to any potentially rough conditions such as child labor, human rights abuses, or environmental degradation.

Overall, lab-grown diamonds are a more ethically sound background than mined diamonds. The production process is cleaner, causing fewer environmental and social impacts. With the production of lab-grown diamonds increasing, it is likely that they will continue to take over the jewelry industry.

12. they support sustainable practices

Lab-grown diamonds are the only diamond-producing process that currently supports sustainable practices. The process of creating a lab-grown diamond is eco-friendly, as it requires minimal water and energy use compared to the traditional natural diamond mining process.

The manufacturing process of lab-grown diamonds also occurs in a controlled environment, meaning that diamond producers don’t need to worry about the safety of their workers. In this way, lab-grown diamonds enable companies to practice corporate social responsibility in diamond production and maintain ethical standards that are beneficial to society.

Moreover, lab-grown diamonds are also traceable, meaning that the production process for each diamond is tracked and recorded. This allows companies to monitor the entire diamond production process, from the carbon deposit up to the finished product. Traceability also means companies are able to guarantee the authenticity of lab-grown diamonds.

By supporting sustainable practices in diamond production, lab-grown diamonds have revolutionized the jewelry industry, helping to meet the growing demand for ethically-sourced jewelry.

13. they are ethically grown

Lab-grown diamonds are also ethically grown, meaning that they are conflict-free. A lab-grown diamond is created in a laboratory under ethical conditions. No diamond miners are harmed and no diamond sites are destroyed in the process of creating them.

Unlike traditional diamond mining, which has been linked to wars, human rights violations and environmental degradation all over the world, lab-grown diamonds are produced in controlled environments that are safe and ethical for workers. This means that lab-grown diamonds are not mined and do not come from countries with unethical labor practices.

Businesses dealing with lab-grown diamonds are held to higher standards, ensuring that their diamonds are ethically grown and conflict-free. By participating in the lab-grown diamond market, businesses can show customers that they support human rights and environmentally friendly practices. This can lead to customers having more confidence in the diamond industry, which can ultimately lead to more trust and loyalty.

14. they are more affordable

One of the key benefits of buying lab-grown diamonds is their affordability. Natural diamonds are expensive due to their rarity and the fact that they need to be mined and processed. Lab-grown diamonds, however, can be grown rapidly in a laboratory environment.

The cost of producing and purchasing a lab-grown diamond is typically up to 40% lower than that of a natural diamond. This means that a lab-grown diamond of a similar size and quality to a natural diamond can be purchased for much less. This makes lab-grown diamonds a great option for those looking for quality diamonds on a budget.

Lab-grown diamonds are an attractive option for those looking for value for money. Since lab-grown diamonds are created in a lab, the diamond cutting and quality control processes can be closely monitored to ensure that the diamonds are of the highest quality. This means you can buy a great quality diamond at a fraction of the cost.

15. they have more unique qualities

One of the unique qualities of lab-grown diamonds is the variety of color they come in. Natural diamonds occur in various hues, such as pink, yellow, and blue. Lab-grown diamonds can also be produced in many of the same shades. High-pressure, high-temperature (HPHT) growth methods can produce intense blue and yellow diamonds of matching quality to those mined from the earth.

Lab-grown diamonds also have different properties from mined diamonds. For example, many lab-grown diamonds contain fewer impurities than mined diamonds, which can make them stronger and more durable than their mined counterparts.

The process of creating lab-grown diamonds can also be used to produce diamonds with unusual shapes. This can be done by making adjustments at the growth stage, when the diamond is still molten. Specialized diamond saws can also be used to create shapes such as hearts, emerald cuts and princess cuts. This gives jewelers more options when creating unique jewelry pieces.