Lab-Grown Diamonds: A Game-Changer in the Jewelry Industry?

Since their discovery in 1951 by General Electric researchers. Lab-made diamonds have come a very long way. They have become a new dominant player in the jewelry industry. Imagine, a diamond that does not destroy ecosystems and is conflict-free all whilst producing the largest, most beautiful diamonds ever that do not take decades to centuries to create but just a matter of months. These are the 10 notable game-changing achievements, contributions, and innovations that synthetic or lab-grown diamonds have made to the jewelry industry.

10 Notable Achievements, Contributions, and Innovations 

1) Ethical Sourcing

The transformation to the diamond industry brought by these synthetic diamonds has been life-altering. Imagine, no longer will local diamond communities suffer from violent exploitation, and dangerous working conditions, and free from conflict significantly reducing blood diamonds.

2) Environmental Protection & Sustainability

Synthetic diamonds are being controlled in a laboratory. The resources used to mine natural diamonds have significantly been reduced, saving thousands of fossil fuel, dangerous gas emissions, water pollution, and the destruction of ecosystems that took centuries to create.

3) Affordable

With no heavy machinery, hundreds of workers, fuel, middlemen, excessive water, and more. All of these savings get passed down to the customer. Imagine, a diamond that is only a fraction of the cost from an average of $10,000+ for a 1-carat down is now only $2,000 or even less.

4) New Custom Possibilities

From custom diamond designs, new colors, new shapes, new cuts, new designs. Synthetic diamonds have brought a whole array of unique and creative possibilities. Truly enabling customers the ability to personalize a diamond to their preference, a feat available only to those who could afford it before. Now, everyone has the opportunity to create pieces that are without question one-of-a-kind.

5) Consistent Quality Control

The fact that synthetic gemstones are created in a laboratory, a controlled environment, with less unexpected environmental hazards. Lab-made diamonds have much fewer blemishes and inclusions, producing gemstones that have a far greater consistency quality in terms of size and characteristics, and because of this consistent quality control, jewelers have an easier time working with them.

6) Competitive Consumer Choice

With the popularity of lab-grown gemstones, consumers have never had so many choices, the sheer options and ability to truly customize a diamond have pushed even traditional diamond producers to improve their ethical practices and transparency. With wider selections of diamonds from size, quality, type, and price. There is finally healthy competition in the industry that caters to everyone’s specific budget and preference.

7) New Bigger Carat Sizes

What would normally take centuries if not millions of years to produce a large-carat diamond is now possible to be done in just a matter of 8 months. A record-breaking 38-carat lab diamond has been created, breaking a previously 16-carat lab diamond record. Eventually, it will reach a point where almost everyone can wear massive beautiful diamonds.

8) Scientific Research

As the technologies continue to evolve and new scientific discoveries are made, not only will there be less dependence on traditional diamond mining, helping heal the deal damage to ecosystems and communities but consumers can expect there will be new diamond formations, material properties, new methods of lab diamond creation, not just HPHT, CVD, and bigger crystal quality growth as well as other industries from optics, biomedical devices, heat sinks, electronics, and more will all benefit.

9) Market Growth

This chart alone from Google Trends shows the massive growth and popularity from 2004 to today. From the well-known 2006 movie Blood Diamond, numerous news media such as the BBC, Forbes, The Guardian not to mention emerging markets such as blockchain. When lab-made diamonds become mainstream, their growth will skyrocket attracting the biggest investments and fostering innovations in diamond production.

10) Educational Resources

From the hundreds of YouTube content creators to well-respected news outlets such as BBC News releasing mini-documentary videos on lab-made diamonds, not to mention Rare Carat’s blog which features hundreds of diamond articles. The new generations are much more comfortable with technology. Most everything they do is through smartphones if a product or a service is available through an application. Most people will choose that over the traditional, going to a store, browsing, and listening to a salesperson.

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