Lab Diamonds – Ought to You Purchase Them?
If you’re one of those who loves a sparkling stone or two, diamonds might just be a best friend of yours, but are you concerned about where they come from when they have all of the properties of a gemstone mined?
Laboratory-grown diamonds have certainly become more popular in recent years, and although they are not made in mines but in laboratories, they are around 30 to 40% cheaper, even the most experienced gemologist cannot tell the difference.
“The popularity of laboratory-grown diamonds has exploded in recent years,” said Mitch Perry of Hatton Garden Diamond. “Physically and chemically they look just like normal diamonds, but are far more economical and certainly attractive to young buyers looking for their money to go further.”
Lab grown diamonds can be used in all types of jewelry, including engagement rings
Lab grown diamonds appeared on the diamond scene a few years ago. They are made by taking scraps of existing diamonds and then treating them at high pressure and temperature to form a synthetic diamond. They look and feel exactly the same as regular diamonds, minerals made from pure carbon.
From an environmental and ethical standpoint, diamonds grown in laboratories are superior because every carat mined diamond disrupts 100 square feet of land and creates 2.7 tons of natural waste. There is also reported to be one in 1,000 injuries among miners working to uncover diamonds when there are none in a laboratory.
Perry adds: “People are now much more aware of what they are buying and where their products come from. Media and films like Blood Diamond have created a great deal of awareness about the diamond trade and the problems posed by growing diamonds from war-torn countries.
“While Hatton Garden deals only with ethical diamonds, consumers can rest assured that a lab-grown diamond was made in a laboratory in the UK or the US (the market leaders) – and not mined by workers through force or slavery. “
“People are now much more aware of what they are buying and where their products come from,” says Mitch Perry of Hatton Garden Diamond
Lab grown diamonds can be used in all types of jewelry, including engagement rings, bracelets, necklaces, and pendants. However, whether they will retain their value remains to be seen. “It’s very early on for lab grown or synthetic diamonds,” explains Perry. “Right now we don’t know if they will hold their value in the same way as a regular diamond that has been mined and originated in South Africa, Australia or Canada. However, since it contains real traces of diamonds, it is still valuable and you should insure it like you would any other piece of jewelry. “
So if you want to decide before buying whether laboratory-grown diamonds are still “real” diamonds (sellers will argue this) it is a good idea to do as much research as you can and decide which one is best for you. There are many arguments in favor of the lab-grown version, but you certainly won’t want to spend too much unless you can be sure that the jewelry you buy will continue to be of value for years to come.
However, given the ethical issues that arise with mined versions, you may be very comfortable with your decision to go for a lab-developed version. Ultimately, the decision is yours, but you can be sure that a reputable seller will be strict in sourcing their mined versions.