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Lab-grown diamonds regarded as guilt-free diamonds pass the environmental and humanitarian grounds with their endearing history. lab-grown diamonds are grown in laboratories and unlike mined diamonds that take billions of years to form, the former is made in less than a week. It’s as sparkling as mined diamond and even more so given its conditioning is in the hands of humans.
Mined diamonds and real diamonds were used interchangeably up until recently. The definition of diamonds has been altered in the books and today lab-grown diamonds are as real as mined diamonds. From leading brands to business houses, the acceptance of lab-grown diamonds has grown phenomenally. The market for mined diamonds is still very huge. However, even by a minor percentage, lab-grown is attracting the customer base of mined diamonds towards itself.
The youth, The millennial, and Gen Z are a conscious buyer group. They won’t shy away from choosing a relatively new concept if it suits that moral guidelines well. lab-grown diamonds are sustainable in their opinion and rightfully so, to an extent.
Let’s uncover this topic with a deeper understanding of lab-grown diamonds and understanding its approach to sustainability.
These wonderful diamonds possess the same optical, physical, and chemical properties as that mined diamonds. They are created using techniques of HPHT and CVD using extreme pressure and heat. The natural diamonds on the contrary are formed under extreme pressure and heat of Earth’s mantle about 100 miles underground. They took billions of years to form when the Earth was hotter than it is today.
The technology of the creation of lab-grown diamonds has seen advanced developments in recent years. Diamonds today can be created much cheaper and rapidly than years back. This has opened an altogether new market for cost-effective diamonds with an abundant supply. Speaking of cost-effectiveness, today a lab-grown diamond that can be produced for 300$ was made for 4000$ a decade back. This in itself speaks of the prolific advancements in technology that this market has witnessed.
The market is expected to grow by multi folds in the coming years. The youths are more inclined towards the purchase of lab-grown diamonds given their cost effectiveness, transparency, and environmental reasons. They are more thoughtful buyers who cannot be greenwashed or tempted through false notions.
It would be wrong to say that lab-grown diamonds are completely harmless to the environment. It takes an immense amount of pressure and energy to produce lab-grown diamonds. It’s difficult to compare the carbon footprints of mined and lab-grown diamonds given the lack of transparency in the former.
The use of renewable energy sources could make a substantial difference and it might be possible then to term lab-grown as eco-friendly alternatives. However, as for now, they are consciously made without creating harm to people involved in their production. They are sustainable to an extent that no mining is included. Did you know for every carat of diamond mined, nearly 250 tonnes of Earth is shifted? 57 kg of carbon is released into the atmosphere for every carat of diamond mined. While the exact reports continue to show biases from publication to publication, it can be established without a doubt that mined diamonds causes immense harm to communities, habitation, environment and is definitely not sustainable.
lab-grown diamonds, on the other hand, hold a lot of promise and possibility for the adaption of new technologies which would eventually make them eco-friendly. However, as of now, it’s doing a tremendous job shifting the market of diamonds in its favor.
Also, Read: Top 5 Most Frequently Asked Questions About Lab-Grown Diamonds
At Fuego Diamonds, we offer a platform of trade for lab-grown diamonds. Whether you are a buyer or seller, we offer you a worldwide market for your products and the purchase of lab-grown diamonds. We assure you of the best deal on lab-grown diamonds for price and assure you quality guaranteed certified diamonds for every purchase. Head over to Fuego to join our community of buyers and sellers.
