In the past couple of years, there has been a significant rise in the popularity of lab-grown diamonds. People are buying diamonds that are created in a lab because of several reasons. One thing that everyone is agreeing is that lab-grown diamonds are the preferred choice for many millennials these days. The increase in the sales of lab-grown diamond rings and lab-grown earrings is a great indication of that.
Keep on reading this article to know about some of the advantages of a lab-grown diamond.
Better Purity Than Natural Diamonds
Diamond created in a lab is purer than natural diamonds because they are free of dirt and imperfections. Since they are created under highly regulated conditions, they have minimal flaws and show less strain in the crystal structure. Purity improvement indicates the diamond will have a brighter and whiter appearance. In fact, a considerable percentage of lab-grown diamonds have greater purity ratings than diamonds mined from the earth.
Available In Affordable Prices
A significant portion of the cost of a natural diamond is for the mining process. However, the lab-grown diamonds are not mined, instead created in a lab in a few weeks. That means, no mining is involved and therefore lower will be the cost. Also, lab-grown diamonds do not go through many hands in the supply chain. Most diamond companies can make their own lab-grown diamonds and sell them. Thus, reducing the price of the product drastically. It is estimated that a lab-grown diamond is 10-30 % less expensive than a natural diamond.
The majority of diamond buyers desire to be informed about their stone’s origins and subsequent acquisition. Sadly, because most mined diamonds come from conflict areas, their origins can be hazy. Most often slave labor is utilized for mining the diamonds in these regions and the diamonds thus acquired are called blood diamonds. These diamonds are used for funding insurgent movements in many parts of the world. That is why people are unwilling to buy diamonds whose origin is not known. When they choose a lab-grown diamond, it is known that the diamond is created in a lab and no one is exploited during its creation.
Minimal Negative Environmental Impacts
Mining diamonds has the potential to cause significant environmental damage. Enormous amounts of fossil fuel are consumed for mining. On the other hand, lab-grown diamonds do not use a huge amount of fuel. In fact, with rising demand for diamonds and dwindling availability of mined diamonds, it is a considerably more sustainable option to grow diamonds rather than mine them.