< BACK TO THE DIAMOND BLOG MAIN PAGE
12
September 2016

Like? Share!

Lab Grown Diamonds: Science over Nature?

Lab grown diamonds are one of the latest technological trends to hit the diamond industry. For many diamond professionals, diamonds grown in a lab just don’t possess the history, tradition and romance that comes with natural gems forged deep within the earth. But how do consumers view synthetic diamonds vs. naturally created diamonds?

Lab Grown Diamonds: Real or Unreal? 

Some consumers see advantages in lab grown diamonds. The idea that synthetic diamonds are not ‘real’ diamonds may attract consumers concerned with environmental and social justice issues, particularly the younger generation of buyers. Lab grown diamonds are identical to naturally formed diamonds, both in their chemical makeup and visually. And although synthetic diamonds develop in a controlled, man-made environment, they actually have a similar growth process to the natural formation of diamonds, sped up for greater efficiency. Lab grown diamonds are certified by the same gem labs that certify mine grown diamonds. It is also cheaper to produce a lab grown diamond than a mined diamond.

Many experts feel that the question of whether lab grown diamonds will affect the jewelry market is not a matter of ‘if’, but ‘when‘. The fact is, lab grown diamonds are indeed “real” diamonds, and there are many factors that will play a part in their rising popularity.

A 21st Century Phenomenon

New rules and regulations in the diamond industry are requiring greater transparency and creating tighter credit standards. Banks have begun to pull back from lending to the “midstream” of the diamond industry. In addition, the cost of rough diamonds currently outweighs the price they fetch as polished diamonds. Could lab grown diamonds find a market in the changing industry dynamics?

Hollywood, which has proven to be a great trendsetter, will also play a part in influencing the socially and environmentally conscious millennial generation. Leonardo DiCaprio, along with other heavyweight investors, such the co-founders of Facebook and Twitter, have provided funding to Diamond Foundry, a company that produces lab grown diamonds.

Diamonds: Tradition vs Trend

For now, diamond growing labs cannot even come close to the production of natural markets, cornering only 2% of current production. Yet, consider the fact that American Grown Diamonds has won exclusive rights to buy diamonds from several labs to resell into the market at major jewelry locations, and Diamond Foundry’s first batch of 160 diamonds sold out in less than two weeks. Although lab grown diamonds are today just a minute fraction of the overall industry, synthetic diamonds are certainly a phenomenon that’s worth following.

Subscribe to the Diamond Blog

Get the latest technology, grading and retail news straight from the source, straight to your inbox.


MORE FROM THE DIAMOND BLOG

World Famous Jewelers Series Part 6: Chopard

Once Upon a Time in Switzerland… Our tale begins in the village of Sonvilier, Switzerland where we find Louis-Ulysse Chopard, the second son of Félicien and Henriette Chopard. Félicien was a farmer but he encouraged his sons to enter the watchmaking trade. Louis Chopard had a talent for the craft and quickly built a reputation […]

World Famous Jewelers Series Part 5: Graff

Born to be a Jeweler: The Meteoric Rise of Laurence Graff When 15-year-old Laurence Graff began his first apprenticeship in a jewelry manufacturing warehouse in London, he never dreamed he’d be honored with the Order of the British Empire (OBE) by Queen Elizabeth in 2013. In fact, after three months working in the warehouse and […]

World Famous Jewelers Series Part 4: Boucheron

The Jeweler of Place Vendôme: How Frédéric Boucheron Got His Start Frédéric Boucheron always knew he wanted to be a jeweler. He was born in 1830 to a family of French clothiers, and at a young age he apprenticed himself under jeweler Jules Chaise. By the age of 14, he had completed his apprenticeship and […]

World Famous Jewelers Series Part 3: Faberge

The Man Who Created The Egg In 1885,   Tsar Alexander III commissioned Faberge to create an Easter egg as a gift for his wife, Empress Maria Fedorovna. With this simple gift, the Faberge Imperial Egg Collection was born. The first egg was called the Hen Egg. Inside a white enameled shell rested a solid gold […]

World Famous Jewelers Series Part 2: Tiffany & Co

The name Tiffany & Co. evokes thoughts of little blue boxes, glass lamp shades, and for those who know, the Super Bowl’s Vince Lombardi Trophy. The store is famous for its Tiffany setting engagement rings, chain bracelets with an engraved heart charm, and delicate pendant necklaces. Where did this legacy start? Who is the man […]

World Famous Jewelers: The Names Behind the Designs.

Part One: Harry Winston Tiffany & Co., Cartier, Harry Winston – all famous jewelers and household names. We see their designs on the red carpet, along with Boucheron, Fabergé, Piaget, and many more. These companies are more than just brand names; they were the passion and brainchild of people who loved high quality, stylish jewelry, […]

Advanced 3D Modeling: A New Edge in Rough Planning

The first step in automated planning of rough diamonds is accurate 3D modelling of the rough diamond surface. Rough diamonds have a complex texture that includes convex and concave surfaces, and are difficult to model accurately. Current technologies for modeling the rough diamond surface are limited in terms of accuracy. They do not necessarily pick […]

Rough diamond planning

Cloud Planning: Make Your Rough Planning Up to 10 Times Faster

Planning rough diamonds with Advisor™ software is a complex process that uses loads of computer processing power. Today, with Galaxy™ inclusion mapping technology, the number of rough polishing plans created by Advisor is essentially infinite. With various advanced options to choose from, such as triple planning, Best Value™, CAP and more, the rough planning software […]

Tension Viewer: Reducing the Risks of Rough Diamond Sawing

In addition to all types of inclusions and flaws, rough diamonds have internal tension or stress that occurs naturally as part of their structure. Developed over millions of years during the diamond’s unique formation process, the level and location of tension within a rough diamond varies from stone to stone. When cutting a rough diamond […]

New Software Release: Sarine Advisor™ 7.0 Rough Planning

Advisor™ rough planning software is used by manufacturers worldwide to effectively plan polished diamonds and maximize the achievable yield. Sarine recently released the latest version of the industry-leading software, Advisor 7.0. The release is packed with dozens of new, advanced features, the result of user feedback received from diamond planners working with Advisor all over […]