Lab diamonds are considered a 2020 trend in the diamond industry as millennials look for the most cost-effective option that fit their budget. As a less-expensive option that can compete with even the most expensive diamonds, lab-grown diamonds offer the eco-friendliness and affordability that most consumers are looking for.
Amongst the many pros towards this newest gem is that they have a significantly lower impact on the environment than mined diamonds. For every carat of diamond mined, nearly 100 square feet of land is disturbed and almost 6,000 pounds of mineral waste is created. In addition, mined diamonds result in 1 injury for every 1,000 workers annually, while lab-grown diamonds result in zero.
Additionally, with the naked eye, mined diamonds and lab-grown diamonds only differ in the eyes of an experienced jeweler who is able to read the microscopic “LG” inscription on the base of the lab diamond.
They’re also less expensive. Due to the shorter supply chain, lab-grown diamonds can be anywhere from 20-30 percent less expensive than mined diamonds.
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