15 Reasons Why Lab Grown Diamonds Are Taking Over The Jewelry Industry

Lab Grown diamonds have made a fine revolution in the diamond industry since the past few years. These diamonds are produced from advanced technology of laboratories and have been able to make their place in the industry.

The lab grown diamond market has expanded exponentially, spurred by rising consumer awareness on the environmental and social issues that make traditional mining of diamond so controversial. It’s also a big change in consumer preference for sustainability, quality, and, yes, value for money, leading to the rise of these brands.

Over the past decade, the lab grown diamond industry has continually grown as the technologies have improved tremendously while the manufacturing also increased exponentially.

According to forecasts, by 2030 the global volume of the lab grown diamond market will exceed 19.2 million carats.

 1. Cost-Effectiveness:

Lab grown diamonds are the latest plaything for the elite, but no longer the allure of luxury limited to the few. Unlike the natural diamonds which could only cater to less than 5% Indian women, these sustainable diamonds provide an opportunity to the remaining 95% wherein you get a bigger rock with better quality for comparatively lesser cost of mined diamond.

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India, along with other world over, lab grown diamond brands are using advanced technology to make wonderful diamonds on offer which can help consumers to upgrade from small diamond studded jewelry to diamond solitaires or spend their money wisely with the same amount of 1 carat of lab diamond ring costing approximately INR 1 lac and natural diamonds at over INR 6 lacs.

 2. Quality and Consistency:

With regards to shine, lab grown diamonds can be better than mined diamonds, especially when they grow the CVD process. CVD diamonds do not contain any traces of nitrogen, so this is because they are 100 percent carbon. The majority of the world's natural diamonds contain nitrogen and only 2 percent of the world's natural diamonds are the most pure type. Therefore CVD diamonds have a better shine & brilliance than most natural diamonds. Because lab grown diamonds are grown under a controlled environment, every facet of the diamond is flawless.

 3. Environmental Impact:

In an age of greater environmental awareness, lab grown diamonds are a champion among consumers because the production of lab grown diamonds lends itself to wider sustainability aspirations. Diamond mining has traditionally entailed extensive extraction and large resource consumption and much more, leading to a higher cost of mined diamonds. Unlike the laboratory, diamonds grown in the diamond industry leave the planet with significantly fewer carbon emissions.

 4. Innovation and Customisation:

The ability to create something lab grown diamond, means that consumers can express their individuality through unique jewelry designs, even if it’s simply neon green diamonds or a beautiful set of pink diamonds. Lab grown diamond jewelry can be styled in a classic elegance or modern chic depending on your personal taste. Because each piece is as unique as the person who wears it, they are known for their delicate diamond settings to the more bespoke solitaire.

5. Various Sizes and Quality Production

Lab Grown Diamond scalability is. It is the process of creating diamonds according to every needs size and quality. This versatility allows for a large range of diamond jewelry from fine fine earrings to breathtaking engagement rings appealing to all tastes and budgets.

6 Are very clear because they grow under controlled conditions

Lab grown diamonds tend to have fewer imperfections and this clarity is legendary. Produced in a regulated environment, all diamonds are quality and flaw free diamonds.

7. Beyond Wide Range of Colors

Lab grown diamonds also come in blue, pink, and yellow, so you have that option. The characteristics of these lab diamonds make them perfect for people who want a one of a kind piece of jewelry that doesn’t come close to the white diamond.

8 Natural Diamonds are More Cost Effective

There is great value to lab grown diamonds since they are usually less expensive. If you buy a bigger or better quality diamond for the exact same price as a smaller or poorer grade genuine diamond, you can afford more and more luxury.

9 Durability and Hardness the Same as Natural Diamonds

These diamonds are equally hard and durable as a genuine diamond. They have therefore earned their reputation as everyday use makes them perfect for everyday use and you know they will last a lifetime and then some.

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10. Popularity Among Consumers and the Jewellery Industry

More and more consumers and the jewelry industry are discovering that lab grown diamonds are just as good for their special occasions as natural diamonds. These diamonds are being rapidly accepted as the ethic, environment, and the cost advantage makes people accept these diamonds. Also jewelers are extending their inventory of lab grown diamond jewelry.

11. Expanding lab grown diamond retailers

Over the past few years lab grown diamond retailers and suppliers have made a sizable impact into the market.

But it’s also there in the sheer number of retailers and the types of pieces available that are made with lab-grown diamonds.

12. Technological Advancements:

Techniques of growth and precision cutting are likely to improve the quality and variety of lab grown diamonds, allowing consumers more choice. 

13. Market Diversity:

The diversity of the market is expanding through the expansion of the lab-grown diamond market and collaboratively between traditional jewelers and lab-grown diamond suppliers. A wider portfolio of offerings and a more inclusive shopping experience is providing benefits to consumers.

14. Affordable Luxury

The Affordable Luxury – what it seeks is affordable luxury for millennials, who are often still burdened with student loan debts and economic affordability. The cost benefit of lab grown diamonds means that they are accessible to a wider market place, you get the same quality and wow factor as being natural but without the expense.

15. Effective on demand demand

The rush into lab grown diamonds means it is easier to step up production in order to meet consumer demand more efficiently. Traditional diamond mining and processing can find it hard to keep up with changing consumer preferences and new trends. All this can end in market shortages, higher prices, and longer waiting times for custom-made jewelry.

In the end

The journey from the bottom of the earth to the crown of technology has become different in the world of diamonds.

Lab grown diamonds are no longer just great alternatives to natural diamonds but can herald a new era of sustainable luxuries, with lab grown being relatively reduced on environmental impact, ethical sourcing, economical cost (depending on model), impeccable quality, design flexibility and so much more. 

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