Why Are Lab Diamonds Becoming More Popular?
Some love the romantic history behind natural diamonds, created over billions of years and considered nature’s crowning achievement. Others prefer lab grown diamonds for their ethical value and marvel at science’s feat in creating what would take Mother Earth billions to form on her own. The best guide to finding wholesale loose diamonds.
Lab diamonds have become a hit on the jewellery market since the nineties, yet are they really worth investing in?
Cost
Diamonds can be costly due to the labor and environmental costs involved with mining them for market. Many millennials and Gen Z buyers seek alternatives that don’t devastate communities or fund wars in other countries; it makes sense then that lab diamonds have grown increasingly popular among these buyers.
Lab-grown diamonds, like their mined counterparts, are valued by the four C’s: carat size, cut quality, clarity and color. As lab grown diamonds are manufactured products instead of natural ones they tend to be cheaper; though this will depend on quality of stone as well as how it was cut.
Lab diamonds don’t incur the same energy costs associated with mined diamonds due to being created outside, though many major producers, like Henan Huanghe Whirlwind and Zhuhai Zhong Na Diamond don’t disclose where their electricity comes from – potentially meaning it is powered by coal.
As soon as you purchase mined or lab-grown diamonds, be sure to protect your jewelry with homeowners insurance for peace of mind in case anything should happen to it. Get your free quote now.
Timelessness
Lab diamonds, like mined diamonds, are both beautiful and resilient. Both boast 10 hardness on Mohs scale of hardness for optimal scratch resistance. But their longevity ultimately depends on the design and craftsmanship that goes into them; so when purchasing jewelry pieces containing lab grown diamonds it is best to purchase from designers or brands with expertise in creating pieces with strong resale values.
Lab-created diamonds are more eco-friendly than mined ones as their production requires less energy and natural resources than mining does. Furthermore, diamond mines often create unhealthy working conditions for miners while using massive quantities of water in excavating and refining operations whereas lab-grown stones have minimal environmental impacts; additionally their source can be traced without negatively impacting people or communities.
Lab-created diamonds can also be more cost-effective than their mined counterparts because of reduced production times. Lab diamonds may often cost up to 50% less than natural ones of similar quality; the process for creating mined stones takes millions of years; production times for lab diamonds typically span weeks, enabling more jewelers to offer competitive pricing on lab stones.
Resale Value
As manufacturers navigate past the initial, high-demand phase, they become confident they can cover production costs even at lower prices, yet resale values continue to fall.
Because lab diamonds don’t come from mined stones, their supply is less limited and this impacts their resale values. If you’re interested in purchasing one, shop from reputable sellers like James Allen or Blue Nile with wide selections of sizes and shapes available; in addition, be sure to obtain an official GIA certificate to prove its value when selling later on.
Lab grown diamonds offer higher resale values than most precious metals or gemstones, yet it’s still essential to shop from a reputable retailer and purchase only high quality stones to maintain its value. Doing this will ensure your ring stays in excellent condition for years and years and that its full value can be returned should you decide to sell it later on.
Lab diamonds offer many environmental and ethical advantages compared to mined diamonds, in addition to having great resale value. Their consumption of energy and emission of carbon emissions are much reduced – they consume far less energy and cause far fewer carbon emissions – while being sourced more ethically than natural ones which could potentially cause environmental damage during production.
Environmental Impact
DeBeers has done an outstanding job at marketing their diamond industry as one that values authenticity and uniqueness for over 80 years, but this creates a conflict with sustainability. Mining process itself can be highly harmful; taking millions of years underground under extreme heat and pressure before finally yielding natural diamonds or gemstones can take their toll. Lab diamond production could potentially be more sustainable if companies using renewable energy or carbon neutral production practices produce them instead.
Focusing on energy efficiency, location (which has an indirect environmental impact), post extraction or synthesis practices and any greenwashing (which may occur across industries) can all help achieve sustainability in any business sector.
Men and women purchase, give, and wear diamonds because they symbolize love. Although illogical, this emotion exists within us all. A diamond symbolizes all that we cannot put into words which makes it the ideal present for anyone special in your life – including yourself! Although investing in a 3+ carat lab created diamond may seem extravagant at first, it will surely bring immense happiness for her who truly knows it’s your special gesture of affection.
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