Cultivated diamonds, also known as lab-grown or synthetic diamonds, are perfectly natural and mined from the same geologic source as all other diamonds. They’re also a great choice for conscious consumers who prefer an eco-friendly alternative to mined diamonds. As demand for lab grown diamonds London continues to rise, so does the amount of misinformation about them. Here’s what you should know about this exciting new diamond option.
What are Lab-Grown Diamonds?
Lab grown diamonds the UK are diamonds that are grown in a lab. They’re made from 100% carbon and are identical to mined diamonds in every way.Lab-grown diamonds are made from the same source as mined diamonds, but they are produced differently.
Why Choose a Lab-Grown Diamond?
As the demand for lab-grown diamonds grows, so do the number of myths surrounding them. Before you buy a lab-grown diamond, be sure to cut through the hype and know the facts. Here are three reasons to consider a lab-grown diamond. – Cost: The biggest reason to choose a lab-grown diamond is the cost. Synthetic diamonds are up to 80% cheaper than mined diamonds. That means you can get the same diamond look for a fraction of the price. – The Environment: Lab-grown diamonds create no impact on the environment. They are 100% eco-friendly, which makes them a great choice for conscious consumers. – Authenticity: Lab-grown diamonds are 100% authentic and meet all the same standards as mined diamonds. There is no difference in quality between the two. – Availability: As demand for mined diamonds continues to rise, so too does the price. Meanwhile, the cost of lab-grown diamonds is staying steady. This means that the availability of lab-grown diamonds is actually going up, rather than the price.
The Bottom Line: Is the Price of Lab Grown Diamonds Going Up?
The price of mined diamonds is expected to increase in the coming years, while the price of lab-grown diamonds is staying steady. It’s important to note, though, that the price of lab-grown diamonds is determined by a handful of companies that dominate the market. These companies decide the price of their diamonds, which means that the price isn’t exactly static. It’s likely that these companies are using the recent surge in demand for lab-grown diamonds as an opportunity to raise their prices and increase their profit margins. That being said, the overall cost of a lab-grown diamond is expected to stay about the same. In order to maintain their price advantage over mined diamonds, these companies are using innovative new methods to grow diamonds faster and more efficiently. As a result, the cost of these diamonds will stay the same, while mined diamonds will continue to increase.
Lab-grown diamonds are the perfect choice for conscious consumers who want an eco-friendly diamond at a fraction of the price of mined diamonds.