A look at the Promising Future of Lab Grown Diamonds

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Lab Grown Diamonds

For years, diamonds have been the foremost gemstone preference and a classic symbol of love. Among all sorts of jewelry, they have always maintained their top spot among numerous people worldwide. However, with changing times and growing consumer interests in different directions, lab-grown diamonds, also known as synthetic diamonds, have emerged as a new sort of precious gemstone. Although not a new concept, as they were first created around the 1950s and were used mainly for industrial tools owing to their durability & low prices, they have recently become immensely popular across different regions, including North America.

Synthetic diamonds have similar optical, chemical, & physical characteristics to real diamonds, but instead of getting mined from the earth, they are grown in a laboratory. This process involves extracting carbon from the air & converting it into its pure form using HPHT (High Pressure & High Temperature), which all happens in a room free from oxygen. The end-product is a crystal with excellent surface & structure, i.e., priced less than natural diamonds.

The mounting focus on procuring eco-friendly & sustainable gemstones and continuous developments in technologies have aided numerous companies in producing high-quality diamonds at costs lower than & properties similar to mined diamonds. With these trends, a recent research study published by MarkNtel Advisors has projected a considerable growth rate and size for the North America Lab Grown Diamonds Market during 2022–27. The region is witnessing an extensive application of lab-grown diamonds across its fashion & industrial verticals owing to their low costs and properties similar to mined diamonds, coupled with the government declaration of these products as real natural diamonds.

Why Lab-Grown Diamonds over Natural Ones?

Since synthetic diamonds are manufactured artificially & not required to be mined like natural ones, no mining cost is involved, which makes them affordable for all. Moreover, they are cruelty-free as the working conditions of these diamonds are relatively healthy & cleaner than mined ones. Besides, lab-grown diamonds also exhibit environmental & ecological benefits as manufacturing them causes no harm to land or water bodies, i.e., unlike natural diamonds, whose mining results in massive land destruction and waste generation.

In addition, synthetic diamonds are examined and certified in the same labs as natural diamonds while sharing identical parameters like cut, clarity, color, & carat. Hence, these aspects have made lab-grown diamonds a preferred gemstone over natural ones, thereby increasing their popularity and contributing to environmental sustainability.

A Sparkling Future Ahead

Lab-grown diamonds possess superior quality and much more shine than natural ones, along with a wide range of color options available to the masses. These gemstones can be made in just a few weeks, are an ideal fit for all the flaunting one might want to do at weddings or formal occasions, and are also the perfect gifting option. They are less expensive than natural gemstones and do not incur a wait of months to arrive. Moreover, one can even customize them as per their design or color preferences. Hence, based on these aspects, a notable rise in their production & sales is very likely, owing to their several perks, as cited above in the blog, which would propel the overall expansion of the North America Lab Grown Diamonds Market in the years ahead.

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