Research by MVI Luxury Consumer Research in 2018 reports that 70% of Millennials would consider a lab-grown diamond as an engagement ring, a 13% increase since previous research in 2017.
For consumers seeking further insights into this novelty product, we have compiled a list of common FAQs.
Lab-grown diamonds aren’t real diamonds, right?
Answer: Wrong! Lab-grown diamonds are just as real as a mined diamond and are both made of pure carbon. The only difference between them is the way they are grown. In 2018, the Federal Trade Commission stated: ‘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 the same optical, physical, and chemical properties as mined diamonds”. Don’t confuse LGDs with cubic zirconia or moissanite, for both of these are made from different chemical compounds that imitate the look of a pure-carbon diamond.
Can you tell the difference between a lab-grown diamond and a mined one?
Answer: No! Any potential differences between the two is essentially invisible to the naked eye, and could only be observed using highly advanced lab technology. Lab-grown and earth-mined diamonds have an identical chemical composition, and therefore, have an identical physical aesthetic.
Are lab-grown diamonds identically made?
Answer: Each diamond is individually grown in the lab with unique DNA! They are all grades on the same 4 characteristics (carat, colour, cut, and clarity), just like their mined counterparts, making each lab-grown diamond one-of-a-kind.
How big can lab-grown diamonds be?
Answer: Technology within the lab-grown diamond industry is constantly evolving and improving, meaning there is not an existing limit as to how large a potential diamond could be grown. It has been seen that LGDs have reached up to a whopping 16 carats (more than any girl could ever dream of!).
Can lab-grown diamonds be colored?
Answer: Yes! These gems can be grown in all shapes, colours, and sizes. Just as their organic counterparts, lab-grown diamonds are graded by labs like the Gemological Institute of America (GIA) and are priced accordingly. The GIA certifies the diamond and bases its grade and price on the 4 C’s: carat, colour, cut, and clarity.
Source: The Jewellery Editor