Lab-grown diamonds present an exciting opportunity for customers to get a bigger diamond at a lower price point. Below, we equip you with the facts about lab-grown diamonds, and its industry, that will help you consider the best diamond option for you.
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What are lab-grown diamonds?
Lab-grown diamond engagement rings are fast-becoming a trend, with increased consumer interests in sustainability as well as a desire for larger, more impactful stones. Lab-grown or man-made diamonds are made in labs using a range of techniques. These laboratories either replicate the high pressure and temperature found in the earth’s mantle where naturally-mined diamonds are formed, or they use super heated gas to grow the diamond.
Sometimes, these diamonds are described as synthetic diamonds. This term isn’t technically correct, as these “synthetic diamonds” hold the same properties as naturally grown mined diamonds.
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Where should I purchase my lab-grown diamond?
We’re continuously developing relationships with lab-grown diamond manufacturers and suppliers that share our values and business practices. We are currently offering lab-grown diamonds sourced through these suppliers for customers who wish to purchase a man-made diamond engagement ring, producing diamonds in the US and India.
Earth-grown mined diamonds and lab-grown diamonds have their advantages and disadvantages. We believe the best way to approach this topic is through research and complete transparency.
Should I choose a lab-grown diamond or an earth-grown diamond?
Over the last 30 years, diamonds that have been mined naturally have seen their jewellery pieces maintain their value, and in many cases, increase.
Future forecasts estimate that lab-grown diamonds will one day cost just 10% of naturally occurring earth-mined diamonds, while still replicating their inherent structure and aesthetic.
Right now, they don’t cost that. A lab-grown diamond may not increase in value in the future in the same way. We mention this because it’s important to understand that with a lab-grown diamond, you may get access to a larger diamond at a lower price, compared to a earth-mined alternative, but we suggest you do not consider the lab-grown diamond to be valuable in the same way as an earth-mined one.
What to look out for when purchasing a lab-grown diamond
Before buying, consumers should be aware of a few important aspects of lab-grown, man-made diamonds, that not all retailers are discussing as openly as we are in this article:
- In many cases, lab-grown diamonds are being presented as mined, giving these companies a huge profit because they’re selling it at the cost of a mined diamond, but only paying the small cost of producing the man-made, lab-grown stone. It’s important that companies are honest.
- Are the lab-grown diamonds certified? As consumers, we should expect and demand of the jewellers and suppliers we do buy from, that these diamonds should have the same certification standards as mined diamonds. These certificates will communicate the quality of the diamond – like colour, clarity, carat weight. It should also indicate that the diamond is lab-grown, not mined. This will educate consumers to be able to make informed quality comparisons between mined and lab-grown diamonds.
- Like mined diamonds, lab-grown diamonds are made from carbon, but just like flat-pack plywood furniture, there simply isn’t as much emotional and financial value in something made in a lab or factory, as there is in its rare and traditionally sourced and produced counterpart. While they’re made of the same thing, a man-made diamond doesn’t hold that same level of romanticism as a diamond formed over millions of years, in the heart of the earth.
Doesn’t the diamond mining industry damage communities?
Negative media rarely mentions this, but earth-mined diamonds are actually a source for good in most countries that make up the supply chain. Take a look at our ethical engagement rings page to read more about how the diamond mining industry supports countless communities, who depend on the trade to earn a living.
In summary, lab-grown diamonds are a superb alternative to their mined counterparts, offering an identical aesthetic and inherent structure. Both earth-mined diamonds and lab-grown diamonds have convoluted narratives around them, and we believe it’s best for the customer to be aware of the misconceptions surrounding both, in order to make a well-informed decision. As always, it’s up to the individual to discover the best option for their jewellery.