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Lab Grown Diamonds, Everything You Need to Know, a Guide

Everyone knows the beauty of diamonds. Their timeless elegance is a classic symbol of love and devotion. But what about lab grown diamonds?


How do they compare, do they hold their value and are they the real thing?


Let’s provide a short answer first, then we’ll go on to discuss more on lab grown diamonds.


Lab grown diamonds are identical in composition and to the eye as a traditionally mined diamond and not fake. A lab grown diamond is a tetrahedral crystal of carbon. They are cheaper and are ethically produced, and can be IGI certified.


What is a lab grown diamond?

What exactly is a lab grown diamond? In a similar way to a mined one, a lab grown diamond is a tetrahedral crystal of carbon.

It is virtually identical in quality and composition to a diamond mine in the traditional way but without the need for human mining techniques or some of the environmental impacts of mining operations.

There are diamond labs in many places across the world, including:

‚óŹ The US

‚óŹ China

‚óŹ Israel

‚óŹ Singapore

‚óŹ India

“In a similar way to a mined one,

a lab-grown diamond is a tetrahedral crystal of carbon"


Why Lab Grown Diamonds?

Mining Free

Laboratory diamonds are a responsible choice as mining is not required.

Beauty & Quality

Lab grown diamonds have the same physical, chemical and visual properties as mined diamonds.

Value

Lab grown diamonds offer excellent value and are slightly more affordable compared to natural diamonds of comparable size and quality.

Are lab grown diamonds fake?

Many of us looking to buy diamonds in Ireland or anywhere else in the world, might think that lab grown diamonds are fake.


This is backed up by a recent report from experts Bain.com, which showed 1,500 US consumers studied said ‚Äėartificial‚Äô and ‚Äėfake‚Äô when asked ‚Äúwhat comes to mind when you think about lab grown diamonds‚ÄĚ


However, it’s simply not the case. Lab grown diamonds are made from carbon, in exactly the same way as a traditionally mined diamond.


Ok so we’ve discovered that a lab grown diamond is as authentic as a traditionally mined one diamond, but what other reasons are some consumers making the shift?


Let’s discover more.


Why have a lab grown diamond?

Sustainability

With many of us now looking to purchase in a more socially conscious way, the move towards a more ethical way to express love and devotion is becoming more and more in line with this growing trend.


Concerns about the environment and working practices in the mining industry have led to a growing demand for alternatives to mined diamonds.


Lab grown diamonds are growing in popularity

That there is this high level of millennial interest in lab grown diamonds is even more astounding since awareness of the category has grown organically without the support of any major industry advertising or marketing. 

According to a recent Forbes articleinformation on lab grown diamonds both in Ireland and elsewhere is easy to discover.

According to Marty Hurwitz, CEO of MVI Marketing, who studied consumers and lab grown diamonds in the report noted above.

‚ÄúMillennials are learning about this product organically on social media without any ads coming to them other than SEO and Google search,‚ÄĚ


So who is buying the best lab diamonds in Ireland and anywhere else across the globe?


Read on to find out more...


Who buys lab grown diamonds?

It appears from consumer studies that many Millennials and also the up and coming Generation Z, are moving away from traditionally mined diamonds.


These are the cohorts who will be more likely to purchase diamonds for engagement rings.


A new study by MVI Marketing found millennial consumers are increasingly interested in lab grown diamonds. Their findings discovered that a huge 70% of millennial consumers would be more likely to buy a lab grown diamond.


So are these lab generated diamonds more costly to produce?


Are lab grown diamonds less expensive than natural diamonds?

The long process and the manpower that it takes to mine diamonds is generally the reason for their high price, along with their quality and size of course.


Lab technology can now offer a much more cost-effective way of producing a beautiful sparkling quality diamond.


On average lab-grown diamonds can be between 30-50% cheaper than mined ones.


Jewellery giants such as Pandora are moving over to 100% lab grown diamonds in their collections.


Their spokesmen say that given lab diamonds are cheaper, they are hoping their sales will increase.


Pandora's chief executive, Alexander Lacik told the BBC in a recent report:


“We can essentially create the same outcome as nature has created, but at a very, very different price".


He goes on to say that they can be produced up to a third less than traditionally mined diamonds.


Do Lab created diamonds hold value?

There does seem to be some confusion as to whether lab-created diamonds hold their value, with many reports online and by some diamond retailers that they have little resale value.


This isn’t the case...


Regardless of whether a diamond is man-made or mined, all diamonds are priced using an internationally accepted pricing system.


This system is known as the Rapaport Pricing Method and it determines wholesale and retail pricing.


Prices are generated first based on what‚Äôs known in the jewellery industry as the ‚ÄėFour C's of diamonds. These are:


‚óŹ Carat

‚óŹ Cut

‚óŹ Clarity

‚óŹ Colour


Then, whether they are lab grown or mined is taken into consideration.


There sometimes can be a little confusion between a lab grown diamond and cubic zirconia. Let’s clear that up for you below.


Are lab grown diamonds cubic zirconia?

Cubic zirconia is not a diamond but is made from made elements to replicate the look of a real diamond.


Cubic zirconia is not a lab grown diamond.


Do lab grown diamonds last?

Diamonds are forever is certainly a memorable advertising slogan and ensures many of us understand their longevity!


One of the reasons is that it's almost impossible to damage a diamond.


As lab grown diamonds have the same chemical properties, it means they too are just as indestructible.


Lab grown diamonds rank at 10 on the Mohs scale, the same as traditionally mined diamonds. This is a scale that measures the scratch resistance of any material.


How long does it take to grow a lab grown diamond?

Traditionally mined diamonds can take not just millions but billions of years to grow! Their rarity and the length of time to create one is a couple of the reasons for their high price.


Lab grown diamonds typically take less than a month to grow.


White diamonds take the longest time to grow, taking a couple of weeks to grow a 1 carat diamond. However, a yellow or blue diamond can take as little as 5 to 10 days.


Can you tell the difference between lab grown diamonds and mined diamonds?

The chances are that you couldn’t tell which diamond is lab grown and which is mined. The reason is simply that they are both diamonds.


They share the same clarity grades and both have the same natural inclusions. So it is virtually impossible to tell the difference by eye because the only difference is their origin. the same natural inclusions.


Can diamonds be IGI certified?

Diamond specialists use a corporation called the IGI (International Gemological Institute) certification to label and classify diamonds.


An official IGI certification for diamonds shows the authenticity of a specific diamond and can’t be done simply by a jewellery or diamond specialist.


GIA has been grading laboratory-grown diamonds since 2007.


IGI Diamond Reports give an accurate assessment of a diamond's cut, colour, clarity and carat weight according to strict international standards.


And finally…

Olya Linde, who is one of the lead authors of the Bain report, agrees that there is room for both traditionally mined and lab grown diamonds.


"I believe that natural diamonds and lab grown diamonds can wonderfully coexist and grow the overall diamond market. There's a clear demand for each type of product."


Don‚Äôt forget to discover our range of high-quality diamond jewellery online or book an in-store consultation at our beautiful flagship store in Dublin.


We are proud of sumptuous interiors! dark wood lacquer and soft grey furnishings which brings our exquisite jewellery to life.


View our breathtaking collection of Diamond Engagement Rings curated from the world's finest Diamond Merchants, all of which are guaranteed conflict-free!


Lab Grown Diamonds FAQ

Are lab grown diamonds less expensive than natural diamonds?

Yes, typically they are about 50% of the cost as they can be produced with less human interaction so therefore cost less to produce. 

Do lab grown diamonds lose their clarity?

No, Lab grown diamonds are diamonds so they will always look like they did the day you buy them. They test at 10 on the Mohs scale of hardness the same as natural diamonds.

Can you insure a lab-grown diamond?

Yes, insurance companies will insure your lab grown diamonds in the same way as mined diamonds.

Do lab-grown diamonds have resale value?

Your lab grown diamond has a value the day it was purchased but it has yet to be determined if the value will increase or decrease after time. This may depend on the amount of lab diamonds produced which may affect value.

Do lab-grown diamonds get cloudy over time?

No, lab diamonds will not lose their quality over time as they are the same as mined diamonds.

Do I still have to look out for the 4Cs?

Yes, lab diamonds are graded on the same principles as mined diamonds so you should look out for the 4 C's.

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