Everything You Need To know About Lab Grown Diamonds
How is Lab Grown Created Diamond different from mined diamonds?
Created diamonds are manmade by simulating natural conditions of extreme heat and pressure or chemical vapor deposition. Both mined and lab grown diamonds are identical in chemical, optical and physical composition.
Is Lab – grown diamond a new phenomenon?
Diamonds were first created in a lab in the 1950’s. However, they weren’t gem quality diamonds that could be used in jewelry. Over the past few decades, the process was further perfected. However, only in the past few years has it been possible to produce large white gem quality diamonds that meet or surpass natural diamonds in terms of desirability. So, while white Lab- grown diamonds aren’t a new phenomenon, they have become viable for jewelry only recently.
If Lab – grown created diamonds are the same as mined diamonds, why are they classified separately?
To the naked eye there is no difference between a mined and created diamond. As the mined diamonds are created diamonds are very difficult to differentiate, complete disclosure is clearly in the best interests of the consumer. So that the customer may be well informed about their choices, our industry is bound by law and ethics to clearly disclose that our diamonds are Lab- grown or created.
What are the environmental implications of choosing Lab Grown?
Since these diamonds are created using only a fraction of energy and ecological damage that otherwise goes into creating and subsequently extracting a diamond, they are certainly more environmentally sound.
How much time does it take to grow a created diamond?
Depending on the color and size, it can take between 10- 12 weeks to create a diamond in the laboratory.
Are lab Grown Created Diamonds the same as diamond – materials?
No, diamond-like materials like Cubic Zirconium, Moissanite and diamond-coated materials are not diamond’s whereas Lab Grown Created Diamond is a true diamond with a wide range of color, clarity, carat and cut possibilities.
Are there any unique inscriptions for easy identification?
Yes, each Lab Grown diamond has a unique ID inscribed on the diamond itself. This information is detailed in your certificate so you can always identify your diamond with the help of a jeweler.
Are Lab Diamonds Cheaper than Mined Diamonds?
Yes. Lab created diamonds tend to retail at a 30- 40% discount off equivalent quality natural diamonds. Lab grown diamonds are priced based on their quality, just liked mined diamonds. We often get asked “how much is a 1 carat lab diamond?” And the answer is, it depends on the quality, just like mined diamonds. We will sell a 1ct white round brilliant for anywhere from $3,150 (near colorless slightly included) to $10,000 (perfect color, flawless).
Fancy-colored lab diamonds are significantly less expensive than colored natural diamonds. While natural blue or pink diamonds can sell for millions of dollars per carat at auction, lab grown yellow, blue, pink, green, and black diamonds are only a small premium over the price of colorless lab diamonds.
FTC (Federal Trade Commission) ruling on lab grown diamonds (Forbes Magazine)
“The commission no longer defines a “diamond” by using the term ‘natural’ because it is no longer accurate to define diamonds as natural when it is now possible to create products that have essentially the same optical, psychical, and chemical properties as mined diamonds,” the FTC ruled. Aug 2, 2018
The FTC based its decision in favor of scientific facts, not the mined-diamond industry lobby, giving consumers real information on which to make informed diamond purchasing decisions.
The ruling is simple. A diamond is a diamond no matter whether it is grown in a lab or comes out of the ground