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Lab-grown diamonds market reaching new heights

November 15,2020

Diamonds are the stones that become mouthpieces of love feelings. In addition, they are the perfect gift for beloved ones on the eve of engagements, weddings, and similar occasions. However, the mining of diamonds is causing a lot of harm to nature. Thus, came in the lab-created diamonds.

Let's take a look at what lab-grown diamonds are and why considered to be natural diamonds.

Further, lab-created diamonds are artificial diamonds, and they have the same qualities and appearance as natural diamonds. In addition, Lab-grown diamonds are synthetic stones made of carbon atom structures and have the same chemical characteristics as the earth-grown diamond. Moreover, the only difference between lab-grown and natural diamonds is their origin.

Lab-grown diamond production market share Soares

If you compare a lab-grown diamond and the earth-grown diamond, will a person be able to see the difference? Will a diamond professional be able to see the diamonds?

From a visual perspective, both the lab-grown and mined diamonds are minimal, and even a professional eye will not be able to tell the difference. So to differentiate, lab-grown and mined diamonds, the diamonds have to undergo a test taken through a highly specialized machine.

Moreover, the diamonds will have a lab certification and get treated with the help of laser inscriptions. In addition, this inscription will be on the girdle of the diamond. The laser inscription will state that it is lab-grown and put in a certification number.

How lab-grown diamonds affected the new generation?

The new generation prefers lab-grown diamonds as they are sourced ethically and are more sustainable in terms of fashion.

Let's understand the process of lab-grown diamonds and how long the process is.

There are two ways of forming Lab-grown diamonds.

  1. HPHT, i.e., high-pressure high temperature
  2. CVD is a chemical vapor deposition

In HPHT, the diamonds are started in the form of a tiny diamond seed placed on carbon and then exposed to extremely high temperatures and high pressure. Additionally, these are the same conditions at which earth mined diamonds get their texture and composition under the earth's surface.

In CVD, the diamonds are started as a thin slice of a diamond seed, placed on a very high chamber, and filled with gases rich in carbon. With the help of technology, the carbon bonds and the diamond seeds fuse and crystalize.

As far as the process is concerned, a lab-grown diamond takes about 6 to 12 weeks to grow appropriately.

Value of lab-grown diamonds

Lab-grown diamonds have exact specifications as the mined diamonds are around 20-30 percent less cheap than the mined diamonds. Further, if you are purchasing larger-sized diamonds, the savings can go upto 40 to 50 percent.

Moreover, just as the price of the natural diamond fluctuates, the cost of the lab-created diamonds fluctuates too. And the fluctuation is at a great level. So let's understand the factors that can impact the price of lab-grown diamonds. Moreover, this fluctuation in the cost of the lab-grown diamond can be as lesser as $1,600 for 1.02 carat. However, the value of such diamonds can go as higher as $61,888 for 6.36 carat.

Shape

First and foremost the shape, the most popular diamond shape is round and the most expensive. Further, this is because round-cut diamonds have a brilliant sheen, and they sparkle the most. After round comes Oval cuts and Asscher cuts, these three are the most expensive.

Cut of the diamond

A cut of the diamond impacts the beauty of the diamond more than anything else. An excellent cut diamond will be more expensive and stunning than a perfect diamond. Weight/ carat of the diamonds

Carat of the diamond

The weight, i.e., the carat of the diamond-like 1 or 2, will affect the price. The heavier the stone, the costlier it will be.

Colour of the diamond.

The color of the diamond plays a significant role in its cost. The diamonds created in Labs have a grading by the IGI and are done on a scale of D to Z. the D diamond is colorless, whereas the Z diamond has a yellow to a brown tint.

The better color diamonds are always going to be expensive, even though the color isn't noticeable. Moreover, this is also why many jewelers suggest looking for a diamond in the range of G-J because they have a colorless look and are way cheaper than the D, E, F.

Clarity of the diamond.

The clarity of the diamond means how clean the diamond is, and it doesn't have blemishes of inclusion. However, a diamond that has no inclusion will be far more expensive than diamonds with noticeable imperfections.

Further, experts suggest you look for diamonds that are VS1 and VS2 because they are super clean and are less expensive than FL or VVS diamonds.

Certification

The certification will not hamper the price but will verify what you are paying for and getting out of it. Meanwhile, this is why it is necessary to look for lab-created diamonds that have IGI certification. Further, IGI is known for offering the most reliable and the most extensive certification to lab-created diamonds. Therefore, if you choose an IGI certificate, you are ensuring your diamond purchase.

Lab-grown diamond growth in now- days and past days When lab-grown diamonds came into the market, people refrained from buying them, thinking that these are artificial since they are naturally grown. Still, as time passed, the acceptance has increased because of the knowledge and people preferring sustainable yet cheaper options.

Is there a factor of compromisation when it comes to choosing a lab-grown diamond over a mined one?

Honestly, No, the purchase of a lab-grown diamond over a mined one will not compromise anything. If you buy a lab-grown diamond, you will be getting a beautiful diamond sourced ethically and has the perfect characteristic at a significantly lower price. it's a win-win situation

Do all lab-grown diamonds have certification and grades as the diamonds that are mined?

As stated above, the price of the diamonds depends upon four c's that include cut, color, carat, and clarity. And all the lab-grown diamonds are graded using the same standards used for grading the mined ones. Moreover, each diamond gets a grade from a team of gemologists to achieve a final status.

Benefits of choosing a lab-grown diamond

If you are still confused, here take a look: lab-grown diamonds are natural diamonds; they are identical to the mined diamonds in factors like physicality, chemical, and optical eye. The best part is that they are less expensive than earth-mined ones.

Moreover, there is no negative association with lab-grown diamonds. You can choose whatever you want to freely.

They are not mined from the earth, so why are lab-created diamonds so expensive?

Though lab-grown diamonds are not natural, the process of making a synthetic diamond is as strenuous as the earth-mined one. Moreover, the process is expensive too. The processing of diamond making requires specialized machinery, experts who know about diamond growing, and diamond cutters.

The lab-created diamonds undergo processes like HPTH or CVD. Since these processes involve multiplying the carbon atoms and pressure, they need time and technology that can allow it to happen. Thus, they are expensive but not as expensive as the mined ones.

Are the diamonds that are grown in the lab ethical and sustainable

Lab-grown diamonds are environmentally ethical and sustainable since they are not causing soil erosion and environmental issues.

Their production saves the environment instead of hampering it. The best part? It saves natural resources so that our future generation can use them.

Should I choose a lab-grown diamond? I am confused

Whichever diamond you choose to buy, look for the beautiful one that speaks to you and has a certification. Further, mined and lab-grown diamonds are natural; the other hampers the environment the second one doesn't. Therefore, in the end, the choice is ultimately yours.

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