Lab grown diamonds have fast become a preferred gemstone for millennials. Grown in controlled conditions above the earth, lab grown diamonds give choice, innovation and value to the new-age wearer. According to a MVI report, awareness about lab grown diamonds reached 80% of all jewelry buyers in 2020 in the US. Analysts from both Morgan Stanley and Bain predict that lab diamonds will be 7.5% to 15% of a $100 billion global diamond jewelry market by 2035 even though they were at under 5% of the market in 2020. Before you buy a lab created diamond, read these facts and make an informed choice!
- It’s 100% Diamond: A diamond is a clear crystalline form of pure carbon and treasured for its hardness and high dispersion of light. Mined diamond or extracted from earth and diamonds grown in laboratories are identical in every aspect – optically, physically and chemically. The sole difference is that one is grown in a lab and not in the ground. You will still find the same brilliance and sparkle!
- Lab Grown Diamonds Will Pass the ‘Diamond Test’: At a molecular level, a lab-grown diamond and diamonds formed in the earth are exactly the same. So, yes they will both test as ‘diamonds’ under any tester. Whether subject to traditional gemological observations or old-style “diamond detectors” in jewelry stores, none can tell lab grown diamonds apart from natural diamonds.
- FTC or Federal Trade Commission Sided With Science: In fact, in 2018 the FTC ruled, “The Commission no longer defines a ‘diamond‘ by using the term ‘natural’ because it is no longer accurate to define diamonds as ‘natural’ when it is now possible to create products that have essentially the same optical, physical, and chemical properties as mined diamonds.”
- You Cannot Visually Differentiate Between Lab and Mined Diamonds: Since a lab grown diamonds are identical to mined diamonds, most jewelers and even expert gemologists won’t be able to tell the difference unless using specialized equipment. Because both are diamonds, they will look and shine like one too. Just visually speaking, lab grown diamonds will be indistinguishable from a mined diamond!
- Certified, Like Mined Diamonds: Consumers expect lab grown diamonds to be certified just as mined diamonds and really, it is the only way to be certain about what diamond you are buying. After a lab grown diamond is graded, its girdle is laser-inscribed with a unique report number and this is noted in the diamond’s certificate. Always assessed by the famous ‘Four Cs’ (cut, color, clarity, and carat weight), lab-grown diamonds are held to the same standards as mined diamonds. It is very important to make sure that your diamond – natural or lab grown – is accompanied with a grading report or certificate from a reputed gemological laboratory. If your jeweler or an online retailer refuses to share a diamond’s grading report, then walk away!
- Known Origin: Most labs grow their diamonds using either High Pressure-High Temperature (HPHT) or Chemical Vapor Deposition (CVD) method. In HPHT, little diamond seeds are exposed to temperatures of about 1500 degrees Celsius and pressurized to approximately 1.5 million pounds per square inch using a belt press, a cubic press, or a split-sphere press (BARS). This process mimics the high-pressure, high-temperature environment that occurs in the natural diamond formation process, melting the pure carbon and forming the diamond around the seed. In the CVD method, diamond seeds are heated to around 800 degrees Celsius inside a vacuum chamber filled with gases rich in carbon such as Methane (or CH4). Energy source like a microwave plasma breaks down the molecular bonds in CH4 causing pure carbon atoms (or C) to deposit on the diamond seed plates, where they slowly crystallize into rough diamond over several weeks. When you buy a lab grown diamond, you know that your diamond did not disturb the biodiversity during growth nordid it displace soil or leave gaping holes in the ground. The former Tiffany chief executive Michael J. Kowalski wrote in a 2015 New York Times opinion piece, “few industries in the world have a larger environmental and social footprint than mining” and that is an undeniable fact of extracting minerals from ground.
- Size-to-Value For Consumers: The MVI survey has noted that consumers are most drawn to the size-to-value equation. When shopping within a budget, as most consumers do, when shown both mined and lab-grown diamonds, the bigger stone of the same quality in lab-grown diamond appears to be the winning proposition for most couples getting engaged. LovBe promises that you’ll have the choice to get 2X the size of a mined diamond (comparable 4Cs) at almost the same price. Now that’s a deal breaker!