Ah, Lab diamonds! Everyone is talking about them and news outlets are writing articles that they will replace the mined diamond industry (which isn't quite true) but people are very much learning to embrace these types of diamonds in the age of 2018. But what does it mean for you if you are looking for a lab diamond ring? What do you need to know? Well, we are here to break it down for you!
What Are They?
Lab diamonds are diamonds! They are chemically and structurally the same they are just made in a lab using controlled environments and technology. They have the same crystal structure and same carbon atoms as diamonds from the earth, they are just made under different conditions.
Why Should You Care?
Two main reasons people care about lab diamonds.
The first one, money talks. Lab diamonds are often priced at 30% cheaper than earth mined diamonds. Offering a cost-saving upfront. But something to consider, the resale market for lab diamonds really hasn't been established yet, so while they are cheaper than earth mined diamonds when you first buy them if you go to resell them right now they aren't really holding their original value. This could change in the future but is the status of the current market. Unlike earth-mined diamonds which have been historically a good investment as prices have gone up over time and people believe will continue to go up as they become rarer.
The second reason is ethical. Because they are grown in a lab you can have assurance they are not blood diamonds or associated with any sort of unethical human rights violations or behavior. If you want 100% confidence in this, lab diamonds are the way to go.
Is A Lab Diamond The Same Thing As Diamond Simulant?
No! I know it super confusing because simulants are called diamonds and grown in a lab so should be the same thing right? The answer is no! Simulates don't have the same carbon structure and atoms as diamonds, and therefore aren't diamonds! You can read more about simulants in this post.
If you are searching for lab diamonds online we recommend this article here.