Lab-Grown Diamonds: A Smart Investment?
There is a reason why diamonds are believed to last forever! Today, diamonds are considered the ultimate status symbol. Diamond jewelry symbolizes love, commitment, and timeless elegance. As the number of diamond consumers increases day by day, their focus on the environmental and ethical impacts of their purchases also increases. Recently, lab-grown diamonds have become popular and are emerging as a compelling alternative to their mined counterparts.
Lab-grown diamonds, also known as synthetic or cultured diamonds, are grown in controlled laboratory environments by mimicking the similar natural conditions under which natural diamonds form in the Earth’s mantle. Now, immediately, this question comes to our mind: is it worth the investment in lab-grown diamonds?
This blog explains why investing in lab-grown diamonds over naturally mined diamonds is best. Let’s begin.
Growing Market Demand
According to a study, the global market for lab-grown diamonds is expected to reach a staggering $14.9 billion by 2030.
This directly reflects the growing consumer demand for these ethically sourced gems. One of the key reasons why people prefer Sydney lab grown diamonds over real diamonds is the increased demand in the market. Lab-grown diamonds are not imitations, but rather real diamonds created in a controlled laboratory environment.
Like mined diamonds, lab-grown diamonds are created in similar natural geological conditions. This results in stones with the same physical and chemical properties. As more consumers become aware of the severe environmental issues surrounding mined diamonds, the demand for lab-grown diamonds has increased in recent years.
Status Symbol
Diamonds have always been associated with status, luxury, and commitment. Lab-grown diamonds are gaining recognition for their impeccable quality and breathtaking beauty. Now, people can get the same sparkle as traditional diamonds without harming the environment. This is why, over the years, lab-grown diamonds have become the new status symbol on the market. Celebrities like Leonardo DiCaprio and Kerry Washington have been spotted sporting lab-grown diamonds.
Affordability
Another reason for the popularity of lab-grown diamonds is their affordable price range. The lab-grown ones eliminate most mining, transportation, and middleman costs. Also, these diamonds are not subject to fluctuations in supply and demand, making them 40-70% less expensive than mined diamonds. So, you can have the most beautiful diamonds without going broke.
Sustainable Investment
Lab-grown diamonds are sustainable investment options for eco-conscious people. Traditional mined diamonds require extensive land disruption, water usage, and energy consumption. On the other hand, lab-grown diamonds are produced in controlled laboratory settings using minimal resources, which is not harmful to the environment.
Customization
Another advantage of Sydney lab grown diamonds is that they are customizable. You can choose your diamond in a specific size, cut, shape, and color, so you will get a piece that is completely personalized. This isn’t the case with the mined diamond, making the lab-grown diamonds a smart investment.
Final Thoughts
Lab-grown diamonds are a unique combination of ethical sourcing, affordability, sustainability, and stunning beauty. Additionally, they’re easily available in your desired shape, size, and cut. So, whether it’s an anniversary gift or an engagement ring, investing in lab-grown diamonds is a smart option.
