Natural diamonds are the ones that were formed billions of years ago with the help of intense pressure and heat, which crystallize carbon. Then the volcanic eruptions made diamonds reach the surface of the earth. Diamond became quite popular in the 21st century because of a diamond campaign that states that diamonds stay forever, which led to an increase in the worth of diamonds and diamond rings. Today almost every bride wears a diamond; therefore, the question arises how rare are these gemstones?
The truth is that diamonds are not rare and are widely available today compared to earlier centuries. Diamonds are not rare gemstones; however, people are trained to assume that diamonds are rare because of the clever campaign started by De Beers, the campaign creator. The biggest myth related to the rareness of diamonds was due to this campaign.
How rare are diamonds?
Today diamond marketing makes buyers believe that there is a limited number of diamonds available so that diamonds can be expensive, and buyers buy them at high rates. However, the reality is far from the truth. The biggest myth about diamonds is that they are rare and expensive; however, this is a clever marketing strategy. Diamonds are made rare and expensive by releasing limited diamonds in the market, which escalates the price. De Beer's advertising campaign plays an important role in making mined diamonds expensive. Mined diamonds come from remote areas like Africa, Siberia, and Canada. They must be mined from the earth's surface and pass through several hands before reaching the buyer.
How does the lab create diamonds available?
Lab created diamonds look exactly like mined diamonds; however, they cost much less. The process of making lab-grown diamonds, and costs differ from mined diamonds. Against mined diamonds that come with a long supply chain, most of the lab-grown diamond supply chain takes place only at laboratories, which is why they cost 20 to 40% less. In addition, lab-grown diamonds pass through a few hands, which is why they help save your money.
CVD or chemical vapor deposition and HPHT are the processes used for creating lab-grown diamonds. Lab-grown diamonds are formed similar to natural diamonds with the help of high pressure and carbon. This is why lab-grown diamonds are optically and physically similar to mined diamonds with different origins. There is no mining process required for lab-grown diamonds, so they cost 20 to 40% less and are unique. Lab grown diamonds are not rare in nature, and it just takes one or two months to create this diamond in a lab. High-tech machinery and equipment are used to make this diamond, unlike mine diamonds, which must be dug out from the earth's surface.