4 Reasons Millennials Are Choosing Lab Grown Diamonds
Whether you want a beautiful diamond ring or something less extravagant, a lab-grown diamond is an excellent choice. Not only are they aesthetically pleasing, but they’re also more affordable and come in a variety of colors, shapes, and assortments. Plus, there’s zero risk of human rights abuse.
Lab-grown diamonds are aesthetically produced in a variety of shapes, assortments, and colors
The shapes of lab-grown diamonds play a crucial role in determining color and clarity. Gem shapes are chosen partly to hide inclusions and flaws. For example, a faceted emerald cut is not the best choice for diamonds with yellow tinges. This is because the cut reveals everything in the stone, including color, making the flaws very noticeable. On the other hand, a brilliant-cut diamond is far more flaw-friendly and will not be noticeable to the naked eye.
The growing popularity of lab-grown diamonds is a result of technological advancements. Entities that specialize in the manufacturing of lab-grown diamonds can now produce high-quality diamonds at low costs. As a result, they are gaining in popularity among millennials and Gen-Z consumers, who are increasingly environmentally aware. In addition, they are more likely to support brands that promote causes they believe in.
Although lab-grown diamonds are an excellent option for a variety of purposes, it is important to note that they are still a relatively new industry. This means that there are very few dealers dealing in them. Nevertheless, high-quality lab-grown diamonds will have a resale value. Therefore, if you purchase lab-grown diamonds frequently, you may be faced with availability problems.
In contrast to natural diamonds, lab-grown diamonds are aesthetically produced in various shapes, colors, and assortments. This allows for the creation of unique and stunning engagement rings. Additionally, these gems are priced affordably and can be made in an array of shapes, colors, and sizes.
A majority of today’s lab-grown diamonds are created in China, and the number is growing rapidly. China is one of the world’s largest emitters of CO2, and the majority of its power is derived from highly polluting coal-fired power plants. Nevertheless, the younger generation wants to free itself from the misery associated with traditional diamonds. For example, diamond miners are some of the poorest people in the world.
They are more affordable
The dazzling growth of lab grown diamonds is attracting millennials away from traditional diamonds. The diamonds are created in a lab using cutting-edge technology. These diamonds are equivalent to natural diamonds and are also more eco-friendly. In fact, 70 percent of millennials prefer lab grown diamonds.
The main advantage of lab grown diamonds is that they are cheaper than mined diamonds. The cost difference between the two is often as much as 30%. That makes lab grown diamonds the most affordable option for millennials. They are also eco-friendly, as mining diamonds requires a large amount of energy.
Another benefit of lab grown diamonds is that they don’t carry the stigma that older generations have about them. Many celebrities now promote their engagement rings with a green, ethical mindset. For this reason, more millennials are turning to lab grown diamonds for their engagement rings.
A recent study published in the Journal of Natural Resources found that millennials are increasingly concerned with the environment and sustainability. They are more likely to choose diamonds that are ethical, eco-friendly, and affordable. In addition, diamonds grown in labs are 25 to 35% cheaper than mined diamonds. This makes them an excellent choice for millennials looking for an affordable ring.
A growing number of millennials are eschewing traditional diamonds because they’re too expensive. Luckily, lab grown diamonds are now a mainstream option. The same chemical and structural composition of mined diamonds is achieved. With the lower cost of lab grown diamonds, they’re more affordable for millennials and those on a budget.
Besides being more affordable for millennials, lab grown diamonds are becoming more popular with fashion savvy millennials. Luxury brands like Tiffany and Co refuse to purchase diamonds from Angola or Zimbabwe because the provenance of these stones can be difficult to trace. Even celebrities have started wearing lab-grown diamonds. Even Meghan Markle has sported Kimai diamonds.
Millennials are increasingly becoming more environmentally conscious. They are increasingly aware of the environmental implications of diamond mining and want to purchase diamonds that are more affordable for them. Lab-grown diamonds have the same physical, chemical, and optical properties as mined diamonds. They are also more environmentally friendly and can be found in a wider range of sizes.
They are unique
There are many differences between a lab grown diamond and a naturally formed diamond, but the two stones have similar chemical makeups. A natural diamond is completely colorless, while a lab grown diamond can have tones of gray, pink, blue, or yellow. The difference is the method used to create the stone.
Lab grown diamonds are created under controlled conditions. They use significantly less water per carat than their mined counterparts, making them more environmentally friendly. As a result, they have lower carbon emissions. That means your purchase will help support further research into the properties of lab grown diamonds. They are also available in unique shapes.
Another major difference between natural and lab grown diamonds is their origin. Diamonds formed naturally are formed deep inside the earth and can only be mined when rare volcanoes erupt. The process is lengthy and requires the removal of thousands of acres of soil. Natural diamonds are also extremely rare and precious.
In contrast to naturally occurring diamonds, lab grown diamonds are created by scientists using advanced technology. Their chemical makeup, optical properties, and physical properties are the same as natural diamonds. Only the method of cultivation is different. The result is a unique stone with the same value as a natural diamond.
Lab grown diamonds are less expensive than their mined counterparts. This is due to the fact that the lab-grown diamonds use less resources than natural diamonds. Because of this, they are 30% more affordable. In addition, they are just as stunning. If you’re looking for a new ring, or just want to show your love of diamonds, lab grown diamonds are a great option.
They have zero risk of human rights abuses
One of the biggest advantages of lab-grown diamonds is that they have zero risk of human rights abuses. Compared to mined diamonds, lab grown diamonds are not affected by labor conditions, human rights abuses, or environmental degradation. They also have the same physical properties as natural diamonds.
Lab-grown diamonds are created in a laboratory under extremely controlled conditions. High-pressure, high temperature, and chemical vapor deposition are used to grow the diamond. It is a fast and safe way to create a diamond. It takes only a few weeks to grow one diamond compared to millions of years.
There have been many reports of human rights abuses associated with the mining of diamonds. Diamond mining is highly controversial. Reports of poor working conditions in southern Africa have led to international efforts such as the Kimberley Process, which is supported by the United Nations. Opponents of lab grown diamonds say that it will eliminate jobs for miners and destabilize local economies in artisanal mining communities.
Another drawback of lab grown diamonds is that they have no resale value. You can sell them on eBay, but they will only fetch pennies on the dollar. That’s why you can justify purchasing man-made diamonds at a massive discount.
MiaDonna, a lab-grown diamond company, has created a nonprofit called The Greener Diamond foundation that helps restore communities and land in sub-Saharan Africa. The company’s team members donate numerous hours to support the foundation’s various initiatives.
In addition to being environmentally friendly and ethical, lab grown diamonds are also cheaper than mined diamonds. Because they are grown in a laboratory, they don’t cause pollution or water contamination. Additionally, the cost of lab grown diamonds is up to 80% lower than those of traditional mined diamonds. They also tend to have higher carat weights and excellent grades in the 4Cs.
Another benefit of lab grown diamonds is their transparency. While diamonds from conflict zones are less expensive, they may not be ethical. Conflict diamonds are often illegally traded and used to fund war. The purchase of conflict diamonds has contributed to the escalation of violence in Sierra Leone, Liberia, and Cote d’Ivoire. Global Witness estimates that diamond mining in these areas causes up to 4 million deaths a year.