Top 10 Reasons to Buy Lab Grown Diamonds

1. More Affordable Pricing

One of the top benefits of lab diamonds is their significantly lower price point compared to an earth-mined stone of equivalent size, cut and quality.

This substantial price difference is due to the advanced technological growing methods used to create them. The controlled laboratory manufacturing processes require less resource-intensive operations and expensive heavy machinery than the mining operations needed to extract rough diamonds from deep within the earth.

Now you can get much more diamond for your budget.

2. Ethically Sourced

Unfortunately, some of the global diamond mining industry has been linked to human rights abuses, violence and exploitative labour practices. These "conflict" or "blood" diamonds have fuelled civil wars and humanitarian crises through illicit profits.

With lab grown diamonds, there are no such ethical concerns over the sourcing or origins. They are produced in tightly controlled facilities with no potential for tainting by human rights violations or illicit profits. This gives great peace of mind, especially when buying meaningful diamond jewellery like an engagement ring symbolising your love and commitment.

3. Eco-Friendly & Sustainable

Diamond mining operations have a substantial environmental impact due to the practices involved. The drilling, blasting and excavating required to access the diamond deposits disrupts local ecosystems and habitats. Extracting the rough diamonds produces significant amounts of mineral waste, emissions, and environmental pollution. Even with improved mining practices, the carbon footprint is unavoidable.

In contrast, the production of lab grown diamonds is renewable and eco-friendly. The technological growing processes use substantially less energy, produce negligible emissions or waste products, require few inherited resources, and have virtually no environmental impact or ecological disruption.

4. Traceability & Transparency

Lab-grown diamonds are subjected to rigorous quality control checks, including evaluation and advanced gemmological analysis. Reputable labs, such as the GIA or IGI, provide independent certifications that verify the diamond's characteristics and origin, these diamonds are laser inscribed with their own unique identification number.

The gemmological reports objectively detail the precise laboratory conditions used to grow the stone along with its quality specifications, proportions, colour, clarity and other characteristics.

The transparency and scientific data is reassuring for consumers who want to know exactly what they are buying and how it was created. No more questioning the origins or ethical sourcing of your diamond jewellery.

5. Same Look & Quality

Despite being lab grown rather than extracted from the earth's crust, lab diamonds are visually and chemically indistinguishable from natural diamonds mined from the earth.

Their crystal structures and chemical compositions are identical - and they exhibit the same visual characteristics like brilliance, fire, and scintillation when properly cut and polished by skilled gemmologists.

The lab growing process essentially shortcuts the same conditions of heat and pressure that form natural diamonds over billions of years deep underground. The end result is the same gorgeously sparkling product used in high-end jewellery and engagement rings by iconic brands.

In fact, labs can often produce higher quality diamonds overall. Perfect "loupe clean" diamonds without any flaws or inclusions are exceedingly rare and valuable in nature. Modern techniques allow more control over the growing conditions to produce an easier supply of internally flawless diamonds.

6. Wider Range of Options

While nature is limited in the variety of diamond colours, sizes, and rarities it can produce, lab technology offers a virtually unlimited range. Manufacturers can precisely engineer lab diamonds in any desired hue like pinks, reds, blues, greens, and beyond with incredible vibrancy and saturation.

They can also grow diamonds at larger carat weights that are exceptionally rare and valuable in natural diamonds over 5 carats. After only a couple carats, the price of mined diamonds exponentially increases due to the sheer scarcity of finding rough larger than that. But lab methods overcome this limitation.

This range of options allows jewellers and designers to create truly unique, exclusive pieces at lower costs.

It opens up a world of possibilities for one-of-a-kind bespoke designs featuring coloured diamond accents, ornate halos, elaborate shapes and fancy cuts previously too costly or unattainable with limited natural supplies.

7. Ethical Choice for Millennials

A recent survey found that 70% of millennial respondents said they actively consider sustainability when making purchases - and a remarkable 55% were willing to pay more for ethical products that align with their values.

Offering an ethical, eco-friendly alternative to mined diamonds without any "conflict diamond" associations caters perfectly to this large market of socially-conscious younger buyers. They don't want their luxuries tainted by environmental damage or human rights concerns.

8. Resale Value Holds Up

In the past, a common misconception was that lab created diamonds were substantially less valuable in the resale market compared to natural mined diamonds. But no longer - that perception and stigma has been steadily eroding.

Recent data analysed by certified diamond appraisers indicates the resale value of lab diamonds now holds very closely to their original purchase price paid - similar to the retained value of natural stones.

With the soaring popularity and increasing prevalence of lab created diamonds in recent years, they have gained tremendous market legitimacy.

9. Easy Care & Maintenance

Since lab grown diamonds have the same exceptional hardness and durability rating of 10 on the Mohs Hardness Scale as natural stones, they require no special treatment or handling. Lab grown diamonds can be

cleaned exactly the same way you would a mined diamond, They're identically durable and don't require any specialised maintenance routines or products. You can wear your lab diamond jewellery with supreme confidence every day.

10. Future Investment Potential

While lab grown diamonds have already gained widespread consumer acceptance and mainstream popularity for fine jewellery, this market is still just getting started when you consider the future growth projections.

According to industry analysts at Research and Markets, the global lab grown diamond market size is forecasted to expand at a staggering 16% compound annual growth rate between now and 2030 - increasing from $19.3 billion currently to over $49 billion by the end of the decade.

Myth: "They're not real diamonds."

Fact: Lab-grown diamonds are chemically, physically, and optically identical to natural diamonds. They are real diamonds, just created through a different process.

Myth: "They're less valuable."

Fact: The value of a diamond is tied to its rarity, quality, and demand, not necessarily its origin. While natural diamonds may currently hold a higher resale value, the gap is narrowing as lab-grown diamonds become more mainstream.

Myth: "They get cloudy over time."

Fact: Lab-grown diamonds are just as stable and durable as natural diamonds. They will not cloud, discolour, or deteriorate over time with proper care and maintenance.

Myth: "You can tell a lab diamond by its metallic look."

Fact: This is a common misconception likely stemming from confusion with cubic zirconia or other diamond simulants. Lab-grown diamonds exhibit the same optical properties as natural diamonds, including their characteristic sparkle and fire.