One of the hottest trends in jewelry today is the use of ethical lab grown diamonds. This technology has the potential to become the next big thing in the diamond industry, as it produces sparkles and brilliance just like natural diamonds. It is marketed as being more environmentally friendly and less expensive than mined diamonds.
While the market for these gemstones has been growing rapidly, the diamond industry has a hard time keeping up with the demand. According to one expert, there will be a 15 million carat deficit in the supply of mined diamonds in 2021. With the limited supply of mined diamonds, it is not clear whether the demand will continue to grow or go the way of the dodo.
One of the most obvious advantages of using lab grown diamonds is their ability to travel. Mined diamonds need to be transported great distances to reach their consumers. In addition, they are exposed to impurities and the environment. Lab diamonds, on the other hand, are not tainted. They have a better cut, are more affordable, and can be polished in many different locations. The cost of a lab grown diamond is forty percent less than a mined diamond.
Another advantage is that it is much easier to trace the production of ethical diamonds. There are less middlemen involved, and it is easier to find out where your diamond was made. A lot of millennials are more conscious about their purchases, and they may feel more inclined to buy a lab grown diamond.
Lab grown diamonds are produced in labs across the globe. Some companies use fossil fuels to produce their gemstones, and the energy that is used to create a diamond can be quite significant. But, according to a recent report, the creation of a lab grown diamond is more environmentally friendly than mining a natural diamond.
Lab grown diamonds are also considered to be more durable and reliable. Because they are created in a laboratory, they can be remade if damaged. On the other hand, a mined diamond will be destroyed if it is damaged. Also, natural diamonds are rare, which means that they are not likely to be around for long.
However, the most important advantage of lab grown diamonds is that they are more affordable. Since they do not require any manual labor, the costs of creating them are far lower than their mined counterparts. And because they do not have to be shipped, they can be sold anywhere.
Although lab grown diamonds have the potential to be a success, it will depend on how they are marketed. The media has been very favorable towards synthetic diamonds, and celebrities have been actively promoting them. As a result, the diamond industry has been working to head off climate change.
However, despite the popularity of these new gemstones, there are still plenty of people out there who do not believe in the legitimacy of lab-grown diamonds. This can lead to snide remarks about the products. Therefore, it is up to the consumer to make an informed decision.