Highlights
- Physical appearance: Can you tell the difference between lab-grown and natural diamonds?
- Chemical composition: What are the lab-grown and natural diamonds made of?
- Durability check: Hardness comparison using the Mohs scale
- Value and investment: Will lab-grown diamonds hold their value?
- A sustainable option: Environmental and ethical considerations
- How much do they cost? Cost differences in lab-grown vs. natural diamonds
- Quality and appearance: Clarity, color, carat and cut
- Popularity and market demand
- The question of certainty: What does the future hold for lab-grown diamonds?
- Conclusion
Diamonds, known for their beauty and sparkle, have always been a symbol of luxury and eternal love. However, in recent years, lab-grown diamonds have gained popularity as a more sustainable alternative to natural diamonds. But what exactly are lab-grown diamonds, and how do they compare to natural diamonds?
This blog will help you understand the most prominent differences between lab-grown and natural diamonds. It covers everything - from their chemical composition to their value in the market, so that you are able to make the best decision before investing in this invaluable gem.
Physical Appearance: Can You Tell the Difference Between Lab-Grown and Natural Diamonds?
Many people wonder if they can tell the difference between lab-grown and natural diamonds just by looking at them. The truth is, to the naked eye, lab-grown diamonds look just like natural diamonds - transparent and dazzling, making them hard to distinguish without special tools.
However, experts can differentiate using these special gadgets. These tools can detect tiny differences in the growth patterns and chemical makeup of the diamonds. But for most people, they appear exactly in terms of physical qualities.
Unlike natural diamonds, lab-grown diamonds can be manipulated to have colours of different varieties, so that you can find the one of your choice. This article shows how lab-grown diamonds have different colour or shape varieties.
Chemical Composition: What Are the Lab-Grown and Natural Diamonds Made Of?
Diamonds, whether they are lab-grown or natural, are made of carbon. This means they have the same basic chemical structure. In both cases, the carbon atoms are arranged in a crystal lattice, which gives diamonds their incredible hardness and sparkle.
The main difference is how the lab-grown diamonds are formed. Natural diamonds are created deep within the Earth over millions of years under intense heat and pressure. Lab-grown diamonds, on the other hand, are made in a laboratory using advanced technology, creating an artificial environment which simulates the natural conditions favorable for diamond formation. Despite this difference, the end result is chemically the same: pure carbon in a diamond structure.
HPHT and CVD are two of the most renowned methods to create lab-grown diamonds. Curious to know more? Check this following article on how lab-grown diamonds are made.
Durability Check: Hardness Comparison Using the Mohs Scale
The Mohs scale is a way to measure how hard a mineral is. Diamonds are at the top of this scale with a rating of 10, making them the hardest known natural material, resistant to get scratched or damaged.
When it comes to strength and durability, lab-grown diamonds are just as tough as natural diamonds as they have the same crystal structure as natural diamonds. Lab-grown diamonds are also rated 10 on the Mohs scale, proving they are just as hard and durable as natural diamonds. You can wear lab-grown diamonds every day without worrying about them getting scratched or damaged.
To be reassured, we suggest you go through this video uploaded by the International Gem Society which deals with FAQs related to Lab-grown diamonds.
Value and Investment: Will Lab-Grown Diamonds Hold Their Value?
When comparing natural diamonds and lab grown diamonds from an investment perspective, several factors come into play. Natural diamonds have a long history of value appreciation and a well-established resale market. However, the high cost and ethical concerns associated with natural diamonds can be significant drawbacks.
Lab grown diamonds, on the other hand, offer substantial cost savings, ethical benefits, and the potential for market growth. While the resale market is still developing, the increasing acceptance and demand for lab grown diamonds are promising indicators of future value retention and appreciation.
According to a report by Bain & Company, the global market for lab-grown diamonds is expected to reach 14.9 Billion in 2030 growing by a rate of 15% to 20% annually. Thus when the market value increases, the resale value is also strengthened, ensuring that lab grown diamonds hold their value over time.
Before investing in the lab-grown diamond market, take a quick look at another of our blogs on the investment value of lab-grown diamonds and why it makes a better investment choice than natural diamonds.
A Sustainable Option: Environmental and Ethical Considerations
One of the biggest advantages of lab-grown diamonds is that they are the sustainable and ethical counterpart to their natural alternatives. Unlike natural diamonds, which can be associated with unethical mining practices and significant environmental damage, lab grown diamonds are produced in a sustainable manner within an artificially controlled laboratory.
Additionally, digging up natural diamonds from mines requires a magnanimous amount of cost and time, which in return, affects its price to go high unlike the lab-grown diamonds. Consequently, their cost-effectiveness adds to their investment appeal, enhancing their long-term value proposition.
This article attached herewith will inform you more on the environmental and ethical values of lab-grown diamonds compared to natural diamonds.
How Much Do They Cost? Cost Differences in Lab-Grown vs. Natural Diamonds
One of the most compelling differences between lab-grown diamonds and natural diamonds is the significant cost savings one goes through while buying a LGD. Lab grown diamonds typically cost 40-80% less than natural diamonds of comparable size and quality.
For example, let’s say you have a budget of ₹8,00,000 which could buy you a natural diamond weighing around 1.5 carats. However, a 1.5 carats lab grown diamond will cost you ₹2,00,000, allowing you to enjoy a larger, more stunning gem all the while saving you money. Thus, if you opt for a lab grown diamond instead, costing around ₹2,00,000, you save ₹6,00,000 upfront.
Know more on what makes the lab-grown diamonds so cost-effective by going through this article.
Quality and Appearance: Clarity, Color, Carat and Cut
In terms of quality and appearance, lab-grown diamonds are just as stunning as natural diamonds. In fact, lab-grown diamonds often have fewer impurities, which can make them even more beautiful. As the production of lab-grown diamonds can be artificially controlled, they come in a wide range of clarities, colors, and cuts, just like natural diamonds.
As per the Gemological Institute of America (GIA), there is the rule of 4Cs in grading a diamond - colour, cut, clarity and carat. Now-a-days, when the long-standing belief that lab-grown diamonds are “cheap” is changing, customers are getting more interested to compare the LGDs with natural diamonds in terms of their quality assurance based on these grading parameters.
Be more informed on how to grade a lab-grown diamond by going through this article by IGS.
Popularity and Market Demand
The demand for lab grown diamonds is on a steady rise, driven by increasing awareness and acceptance among consumers. Particularly, Millennials and Gen Z, known for their preference for aesthetically pleasing, sustainable and ethically sourced products, are leading this shift.
Additionally, technological advancements in diamond synthesis are continuously improving the quality and variety of lab grown diamonds, ensuring the 4Cs are well-maintained. It has made it possible to produce lab-grown diamonds that are virtually indistinguishable from natural ones.
Thus, as more people, both the retailers and consumers, choose lab-grown diamonds, their popularity and acceptance in the market continue to grow. Read more on the topic of how customers understand lab-grown diamonds.
The Question of Certainty: What Does the Future Hold for Lab-Grown Diamonds?
For their alignment with modern ethical and sustainable values, lab-grown diamonds have gradually created a special place of consideration in the consumers’ conscience.
Moreover, their cost-effectiveness, enhancing the possibilities of diversified investment strategies and enhanced potential returns, suggests the growing market demand which, once managed to whisk away the possible challenges, will hold and potentially appreciate in value over time.
A recent analysis by Citi estimates that the lab-grown diamond industry represents 2% of the overall rough diamond market, but by 2030 it could climb to 10%. So, it is quite discernible a fact that lab-grown diamonds are becoming a compelling and attractive alternative to natural diamonds, or even in some cases, have proved to be the better option than the earth-grown ones.
Consider reading more on the topic - what the future market for lab-grown diamonds looks like.
Conclusion
In terms of physical appearance and chemical formations, lab-grown diamonds share similarities with natural diamonds. However, lab-grown diamonds make a better choice for the environment and are cost-effective, making them a more considerable option for your investment. Now-a-days, the growing popularity for ethical and environmental appeal and the market acceptance of lab-grown diamonds are surely competing with that of their natural counterparts.
When choosing between lab-grown and natural diamonds, think about what matters most to you. Although both types are beautiful and durable, making either choice a wonderful option for your jewelry, consider, also, the consequences of your valuable investment at present time. It might help you make the best choice for yourself.
Highlights
- Physical appearance: Can you tell the difference between lab-grown and natural diamonds?
- Chemical composition: What are the lab-grown and natural diamonds made of?
- Durability check: Hardness comparison using the Mohs scale
- Value and investment: Will lab-grown diamonds hold their value?
- A sustainable option: Environmental and ethical considerations
- How much do they cost? Cost differences in lab-grown vs. natural diamonds
- Quality and appearance: Clarity, color, carat and cut
- Popularity and market demand
- The question of certainty: What does the future hold for lab-grown diamonds?
- Conclusion