A New Generation of Luxury: Lab Grown Diamonds

‍The ever-growing demand for Lab Grown Diamonds is coming from two main sources. First, millennial consumers are becoming increasingly aware of the importance of authenticity in luxury purchases. This has automatically eliminated the question “are Lab Grown Diamonds real?”

Second, the growth of online marketplaces has made it much easier for small producers of high-end goods to reach a global customer base.

Users on sites like Instagram, Etsy, and Pinterest have proven they’ll spend more money on products they identify with personally. It is especially likely when those products also happen to be inexpensive and widely accessible.

The growing popularity of Lab Grown Diamonds is helping these customer segments at the same time. Millennials are embracing this new type of gem as a symbol of their values. Smaller artisanal businesses can produce limited quantities at low-cost thanks to removing the middleman from the production process.

The Millennial Market: Authenticity as a Luxury Good

As millennials become the staple customer for many different industries, we are seeing a rise in interest in authentic products across many segments. The luxury market confirms this truth. Lab grown diamonds are authentic and no longer beg the question “are Lab Grown Diamonds real?”

Authentic luxury goods cost more than their generic counterparts because they’re rarer, handcrafted, and/or contain high-end materials like gold and diamonds. In general, these are the types of products that millennials are interested in purchasing.

The demand for authentic products is growing as people become more educated about the supply chain behind the products they purchase. Lab grown diamonds are a great example of this trend at work.

Why Lab Grown Diamonds Are Becoming So Popular

There are two main reasons why Lab Grown Diamonds are becoming so popular in today’s luxury marketplace.

The millennial market is increasingly looking for ethically sourced products. Second, online marketplaces have made it much easier for small businesses to reach a global consumer base. People are especially concerned about the ethical sourcing of the products they purchase.

The new generation is intentional about the production process of goods they use or consume. For this reason, they will not patronize those that involve the exploitation of workers or communities. Mining diamonds, unfortunately, involves some of these and so is not sustainable. People want sustainability and cherish ethics.

This has created a demand for Lab Grown Diamonds as an eco-friendly alternative to mined diamonds. A recent survey shows that couples are swapping their natural diamonds for larger and cheaper Lab Grown Diamonds.

This speaks to the changing attitudes about diamonds as a symbol of everlasting love and commitment.

What to Know Before You Buy a Lab Grown Diamond

There are a few things to consider before you purchase a lab grown diamond.

1. Be sure to do your research on the specific brand of lab grown diamond you plan to buy. There are many different types of lab-created stones, and not all are created equally.
2. Remember that Lab Grown Diamonds are not mined diamonds. Despite the similarity between both, Lab Grown Diamonds have a tiny trace of nitrogen in them. This is why a lab grown diamond’s grading report will say “lab-created” or “laboratory-grown.”
3. You’ll also want to make sure that your lab grown diamond is covered by some kind of warranty.
4. People have preferences when it comes to picking an engagement ring. When there is no particular preference, a solitaire ring would do just fine.
5. Ensure that there is a return policy attached to it in case you are not satisfied with your purchase or would like to switch up the style.
6. Know the 4 Cs (carat, clarity, cut, and color) of the diamond industry. That is how you properly understand the lab grown diamond you purchased.
7. Synthetic diamonds are not a replacement for mined diamonds. They have different uses, and they appeal to different types of people.

Lab Grown Diamonds Are Eco-Friendly

Mined diamonds are often sourced from some regions in Africa. This way, they can bring great prosperity to local communities in need of economic development.

Lab grown diamonds, on the other hand, are produced using eco-friendly lab processes. This means there are no harmful chemicals or toxic pollutants released into the environment as a result of production.

Lab grown diamonds that are produced in an eco-friendly lab setting can help clean the environment by removing harmful pollutants from the air.

This is great news for ethical consumers who are looking for a way to support the environment while still being able to purchase a high-end diamond.

Lab Grown Diamonds Will Only Become More Popular

Diamonds are symbols of commitment and love and have been for thousands of years. They’re one of the most valuable minerals on earth. They are rare and sometimes mined in hostile environments.

Given these facts, many people have questioned the ethics of diamonds since there is sure to be unethical diamonds in circulation. Moreover, the lab-growing process doesn’t require human exploitation. It’s no longer necessary for workers to risk their lives in diamond mines.

As more people become aware of the environmental benefits of Lab Grown Diamonds, their popularity will only continue to grow. Since diamonds naturally have a high market demand, it can be hard for producers to meet the demand. Thus making lab-created diamonds the sustainable way to meet the escalating demands of this luxury gem.

Furthermore, new technology is allowing scientists to create ever more realistic versions of these lab grown gems. It has the potential to revolutionize the entire market for diamonds.

This all shows that Lab Grown Diamonds are here to stay. They’re a trend that all luxury lovers should be aware of and ready to embrace.

Conclusion

Lab grown diamonds are becoming increasingly popular as an ethical alternative to mined diamonds. The lab-growing process doesn’t require mining, which means it is less harmful to the environment.

Providing the world with diamonds that can be used as symbols of love and commitment should not involve such risks anymore. Ultimately, Lab Grown Diamonds have emerged as the first choice for procuring luxury gems for half the price. It bodes well for the future.