Lab created diamonds, as the name suggests, are a type of diamond that is produced in a controlled environment in a lab rather than being mined from the earth. In this blog, we will take a look at the pros and cons of lab created diamonds. There are several pros associated with lab-created diamonds. Here are some of the pros and cons of lab grown diamonds:
Pros of Lab-Grown Diamonds
Ethical and Environmentally Friendly
Synthetic diamonds are not mined from the earth. They are created in a laboratory. This means they do not contribute to destructive mining practices or the associated social and environmental issues. These diamonds are an ethical and environmentally friendly alternative to natural diamonds.
Conflict Free Diamonds
One of the major advantages of lab-created diamonds is their guarantee of being conflict-free. Natural diamonds can sometimes be associated with conflicts and human rights abuses in war-torn regions. Lab-grown diamonds eliminate this concern, as they are produced without any involvement in such conflicts.
Lab-created diamonds possess the same chemical and physical properties as natural diamonds. These diamonds are identical in various ways. They exhibit the same brilliance, hardness, and durability. With the use of advanced technology, lab-grown diamonds can be created with high clarity and color grades. At New World Diamonds, we create diamonds of the best quality.
When it comes to lab created vs natural diamonds, lab created diamonds are more cost-effective. Synthetic diamonds can be more affordable compared to natural diamonds of similar quality. The production process for lab-grown diamonds is more efficient and less expensive than mining and extracting natural diamonds from the earth. This cost advantage can make lab-grown diamonds a more budget-friendly option for consumers.
Availability and Variety
Natural diamonds are limited due to the fact that they take millions of years to form. This results in limited availability and a relatively fixed range of characteristics. In contrast to this, lab-made diamonds can be produced on demand. This ensures a consistent supply of diamonds. Additionally, lab-grown diamonds can be created with a wide variety of colors and sizes, offering consumers more choices and customization options. We, at New World Diamonds, create diamonds of all sizes and colors.
Lab-created diamonds can be traced back to their origins easily. Each synthetic diamond can be assigned a unique identification. This ensures transparency for consumers. This traceability factor adds another layer of confidence for buyers.
Reduced Carbon Footprint
The production of lab-created diamonds typically has a lower carbon footprint compared to mining natural diamonds. Mining processes require extensive energy consumption, habitat destruction, and carbon emission. On the other hand, lab-grown diamonds can be created with significantly less impact on the environment.
Lab-created diamonds have several advantages. However, it has some drawbacks as well. Here are a few cons that are associated with lab-grown diamonds:
Cons of Lab-Grown Diamonds
Perception and Symbolism
Lab-grown diamonds may not hold the same symbolic value for some individuals. Natural diamonds have a long history and cultural significance, often associated with notions of rarity, romance, and luxury. Some people may still prefer the authenticity of natural diamonds.
Natural diamonds have a higher market value compared to natural diamonds. Natural diamonds are subject to the forces of supply and demand. The prices of natural diamonds are influenced by various factors, such as rarity and market perception. Lab diamonds can be produced on demand, which potentially impacts their perceived value in the market.
Lab created diamonds may have limited resale value. The market of lab-grown diamonds is relatively new and evolving. And it does not have the same established infrastructure for resale as natural diamonds. Therefore, if you plan to invest in diamonds or consider their potential resale value, natural diamonds may be a more predictable option.
Despite having the same physical and chemical properties as natural diamonds, there may be a perception among some consumers that lab created diamonds are not as durable or long-lasting. Their perception might start from the fact that lab-grown diamonds are relatively new to the market.