All diamonds are not natural. After years of research, experts discovered a way to create diamonds in laboratories under controlled conditions. Their turnaround time is much shorter, making them an interesting medium to meet the increasing global demand for flawless diamonds.
Why are Lab-Grown Diamonds Popular?
If two diamonds are kept in front of you, one is lab grown and the second is natural, will you be able to tell them apart? This is a question that many diamond traders tend to answer optimistically but fail when it comes to testing.
The demand for lab-grown diamonds is rising with time. They are comparatively cheaper, can be made in shorter time periods (read three months), and are strikingly identical to their ancestors both physically and chemically. They’re also known to be more eco-friendly due to the absence of mining.
Lab-grown diamonds can surely impress your fiancé just like the regular ones. These are just some of the marketable terms by which these pockets of sparkle are being sold these days.
No ‘Large’ Natural Diamond Mines Discovered
No new natural diamond mines have been discovered in the last decade, that too in the face of an ever-rising demand.
According to some sources, the demand for diamonds is going to outstrip supply by six percent in the coming decade. However, at present, most of the consumption of artificial diamond is on the industrial side.
Some of the major industries where synthetic diamonds are extensively used include nuclear, medicine, automotive, tech, construction and oil and gas.
According to an estimate, around 1,500 tons of diamonds were consumed in 2013 and at least 99% of this was lab-grown.
Brothers from Different Mothers
Many rumors reveal that lab-grown diamonds can be easily distinguished from natural diamonds; however, this isn’t true. Even diamond specialists, without the right kind of equipment, cannot distinguish between the two. So make sure you ask for a thermal test to verify the right diamond.
An Israeli synthetic diamond manufacturer Ariel Baruch says, “If anyone says they can tell the difference without a machine, they’re lying.”
Market Demand Rising for Lab-Grown Diamonds
Interestingly, the market demand for lab-grown diamonds is rising in India and China – two countries that have the highest population in the world and a low per capita income.
Moreover, some industries that are still in their infancy have shown interest in consuming synthetic diamonds in near future including robotics, furniture, and aerospace.
The Great Divide
Despite this, a few critics of lab-grown diamonds feel they will never replace the natural ones. “They’re seen as inauthentic, no matter that they are objectively identical,” says Ravi Dhar, director of the Center for Customer Insights at Yale University.
So, while the demand shifts to synthetic ones, there are still a few who will always adore the natural ones.
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