Lab-grown diamonds are created artificially from carbon and the process of making one only just require practically three weeks. It is compared to tens of thousands of years for natural diamonds.
Apart from being the current trend in fashion because of its similar quality to the natural one, it is also valued at a lower price.
The Future of lab-Grown Diamonds
Lab-grown diamonds have gained an increasing popularity each year. The previous year has been the year where there are an extensive production, consumption, and adoption of Lab-grown diamonds. The primary reason was the increasing demand for environmental friendly pieces of jewelry and growing disposable income.
Although cultured diamonds comprise just the 2% of the global diamond production, sales are expected to increase for the coming years. In regards to their value, it would be at around 30% to 40% lower than the natural mined diamonds. An increase in the transition from natural to synthetic diamonds is considered to be an effect on fashion trends which is highly anticipated in the growing market demand.