Lab Grown Diamonds
A natural diamond from the moment of its use in jewellery is considered an attribute of luxury. Possession of this gemstone requires significant financial costs. However, lab grown diamonds offer to spend less and get a gem with a sparkle and a play of light identical to a natural crystal.
Lab Grown Diamonds
Lab Grown Diamonds Have Successfully Come Into Fashion
Jewellery buyers are increasingly choosing synthetic diamonds over the real ones. They are cheaper; their production is ethically impeccable. According to research, lab grown diamonds are one of those technologies that will significantly and irreversibly affect the diamond mining industry in the near future.
Although sometimes these types of stones are mistakenly called artificial diamonds:
- Colourless sapphires
- White topazes
- Transparent spinel
- White beryls
These precious and semiprecious gems of natural origin and in their properties have nothing to do with natural or lab grown diamonds.
Diamonds born in the laboratory have the same physical and chemical characteristics as natural ones. Synthetic diamond consists of carbon, has the same hardness, density, refraction and fission of light as a crystal mined in the bowels of the earth. It was the need for a material with such exceptional qualities for use in an industry that pushed the scientific community to search for methods for creating a diamond in the laboratory. But still, they are not the same, and they are easy enough to distinguish from each other.
Two different methods are used to grow diamonds in the laboratory: the high temperature and pressure generation method (HPHT) and the chemical vapour deposition method (CVD). Each similar diamond has clear signs that distinguish unnatural stones. These attributes are determined using professional tools. Moreover, most synthetic diamonds require colour processing in order to correct for distortions resulting from the industrial production process.
Key Benefits of Lab Grown Diamonds
In laboratory conditions, in addition to colourless diamonds, coloured stones are also obtained: blue, yellow, brown and pink. Blue colour with shades from dark blue to white-blue is obtained by adding boron. Yellow colour with shades from bright orange to pale yellow – thanks to admixtures of nitrogen. It’s easier to grow a yellow diamond. And getting a blue lab grown diamond is more difficult than creating an absolutely colourless copy. Brown and pink are obtained by curving the crystal lattice.
lab grown diamonds lend themselves better to faceting. They are more durable due to the absence of cracks and defects in them. A quality faux diamond is perfect. This is the main difference from a natural diamond. Each next synthesized diamond will be similar to the previous one, it will not have any features. Unlike natural stones, each of which is unique.
Reserves of natural diamonds are depleted, and diamond mining companies are reducing production. In such a situation, the value of natural diamonds will grow and become an excellent investment.
Lab Grown Diamonds are Produced in a Few Weeks
Today, quite a lot of funds are invested in production facilities, and the number of manufacturers is constantly growing, while their geography is expanding. For lab grown diamonds, such requirements are put forward during the production process:
- Environmental friendliness
- Manufacturing conscientiousness
If you feel that life is accelerating at a crazy speed, think about diamonds for a moment. It took millions of years for a natural diamond to crystallize its carbon atoms deep in the earth, about three billion years ago. Now, in an accelerating century of scientific progress, causing universal admiration, a diamond can be grown in a modern laboratory in a few weeks. Oddly enough, these quick diamonds are becoming a valuable asset in the wake of “conscious luxury.” They are also at the centre of radical changes in the deeply traditional diamond industry.
Are Lab Grown Diamonds Cheaper?
The cost of lab grown diamonds is almost entirely dependent on the use of electricity, which is why production is often transferred to those regions where the electricity price is lower.
In addition, due to economies of scale, the larger the synthetic diamond is produced, the lower the cost of one carat, and this differs significantly from the pricing of natural gemstones. Since a lab grown diamond is an industrial product, it does not have liquidity, and its price begins to decline quite quickly.
The Positioning of Lab Grown Diamonds
Diamonds in the laboratory began to grow about 60 years ago. At first, the new technology did not have a significant impact on the natural diamond jewellery market, but as laboratories improved, lab grown diamonds began to compete with natural ones. What awaits them in the future?
The market of synthetic diamonds can develop in two directions: strive to occupy its niche in the retail market of jewellery with precious stones or to produce stones for high-tech industries. According to experts in this field, ultimately marketing and consumer perception will determine the place of laboratory diamonds in the natural diamond market.
In their opinion, consumers can perceive natural diamonds grown in laboratories as follows:
- As interchangeable
- Like two different products
- Like something average
Most likely, consumers will consider synthetic diamonds as everyday jewellery, but not as luxury goods, which will limit their impact on the natural diamond market.
Over the next 5–6 years, global demand for natural diamonds will grow by about 3–4.5% per year, following an increase in demand for diamond jewellery. The main task of market participants is to effectively distinguish between synthetics and natural diamonds, to bring synthetics into the category of jewellery. To a greater extent, the demand for natural diamonds is determined by the economic situation and the dynamics of population incomes in the main regions of consumption of diamond jewellery.
Is It Worth Buying Lab Grown Diamonds?
It is no secret that most natural stones in jewellery lose a third or so in their price immediately after purchase, and cannot be considered a serious investment. Lab grown diamonds are designed more for “millennials”, that is, practical young people of the new generation, as well as adults who do not see the point in overpaying huge amounts of money for physically identical stones, differing only in that one of them, was mined in the mine, and the second received in the laboratory. A diamond (whether it is natural or artificial) is just a cubic allotropic form of carbon, and nothing more. And many people understand this very well. In artificially grown diamonds, only technology is embedded in the price.
According to a well-known Dutch consulting company, only 45% of the world’s population aged 18 to 35 prefer natural rough diamonds. The rest are willing to pay less and wear beautiful, albeit fake stones. About 145 million carats per year are now mined in natural diamonds in the world, but this figure is constantly decreasing, and their prices are falling. Diamond producers are also reviewing prices and supply volumes. The main reason is the decrease in jewellery sales around the world.
Lab grown diamonds makes it possible to use striking stones in the most complex and modern avant-garde designs. True, for some connoisseurs of natural gemstones, the most delightful is the smallest inclusions that are present only in a natural diamond. There is a kind of inner life, an individual character that speaks of the origin of the planet, which becomes part of the legend of the diamond. A natural diamond cannot be simply reduced to the elementary structure of an atom. On the other hand, a diamond grown in a laboratory, like a natural one contains a long history, since it is an expression of technological progress on our planet.