The decision to purchase a diamond for your engagement ring is a major one. Purchasing a diamond is a substantial financial investment for most of us, and we want to make the best decision possible. Unfortunately, most individuals lack the specialist expertise required to understand diamonds. Few people are aware that diamonds may be manufactured in a laboratory. Many individuals are surprised because diamonds are traditionally mined.
Why Choose A Lab-Grown Diamond?
According to a recent survey, most people who are going engagement ring shopping ask whether they are getting a conflict-free diamond. This means that people are becoming aware of blood diamonds in the diamond market. Even though only a small percentage of diamonds in the market are blood diamonds, people do not want to contribute to the inhumane activities that are happening in many of the diamond mines in Africa.
Since lab-grown diamonds slowly began to grab people’s attention, there has been a gradual decrease in the sales of natural diamonds. People are buying lab-grown diamonds because they are getting high-quality diamonds that are guaranteed conflict-free.
In addition to that, lab-grown diamonds have a lot of other benefits. Let’s take a look at some of them.
The first and most frequently mentioned advantage of lab-grown diamonds is that they are environmentally friendly. While this topic hasn’t been thoroughly researched, it is widely believed that growing a diamond in a lab uses far less energy than digging one out of the ground. A lab-made diamond also does not necessitate the removal of many tons of dirt.
They Are Cost-Efficient
Another significant advantage of lab-grown diamonds is their low cost. With today’s technology, the cost of a lab-grown diamond is similar to that of a genuine diamond. In most circumstances, though, a lab-generated diamond will save you 10-30% over a natural diamond. If you’re shopping for a colored diamond, the savings increase dramatically. Natural colored diamonds are exceptionally rare and therefore extremely costly.
Are Lab-Grown Diamonds The Future Of The Diamond Market?
As more and more people are becoming environmentally conscious and people are looking for cheaper diamonds, it is safe to say that lab-grown diamonds are here to stay. Even though the sales of lab-grown diamonds are significantly lower than that of natural diamonds and most people still prefer natural diamonds for their engagement rings, diamonds created in a lab will make an impact in the diamond industry in the near future.