We have become very good at creating actual diamonds in the lab! So that stunning gem might have taken a different path to you. And it might have nothing to do with a messy mine in Africa.
Lab-grown diamonds, also known as synthetic diamonds or cultured diamonds, are created in a laboratory using advanced technological processes that mimic the natural geological conditions that produce diamonds underground. Think extreme heat and massive pressure!
On the other hand, earth-grown diamonds, also known as natural diamonds or mined diamonds, are formed deep within the earth over millions of years through geological processes.
"Customer education has created acceptance, and their confidence in lab grown diamonds has been increasing," said Birko Roland of The Diamond Store. "We carry both and let the customer decide."
One of the most significant differences between lab-grown and earth-grown diamonds is their origin. While lab-grown diamonds are created in a controlled laboratory environment, natural diamonds are extracted from the earth through mining. The mining process is often environmentally destructive and can lead to significant environmental damage, including soil erosion, water pollution, and habitat destruction.
In terms of quality, lab-grown diamonds are virtually identical to natural diamonds. In fact, they are often considered superior to natural diamonds in terms of their color and clarity since they can be grown under controlled conditions without some of the impurities that can occur in natural diamonds. This means that lab-grown diamonds are often less expensive than natural diamonds of comparable quality.
"People don’t buy diamond jewelry for its investment value. It’s an emotional purchase and that is where its true value lies," said Roland.
Lab-grown diamonds also have several other benefits over natural diamonds. For one, they are more sustainable and ethical since they do not involve the environmental damage and social issues associated with diamond mining. Additionally, lab-grown diamonds can be produced in larger quantities, allowing for greater availability and more affordable pricing.
However, some people prefer natural diamonds due to their rarity and unique characteristics. Natural diamonds also have a certain mystique and history that some find appealing. Additionally, some argue that natural diamonds hold their value better over time than lab-grown diamonds, although this is a matter of debate.
"Natural diamonds are finite and rare," said Roland. "Diamonds are becoming rarer every day because no new significant deposits have been discovered in about 30 years."
In conclusion, while there are differences between lab-grown and earth-grown diamonds, both types of diamonds have their advantages and disadvantages. Ultimately, the choice between the two depends on personal preference and values, including considerations such as environmental impact, social responsibility, rarity, and cost.
Natural diamonds are truly rare, but does it matter, if you can get a bigger and better lab grown diamond for 50-70% less cost?