Why Lab-Grown Diamonds Are Changing the Jewelry Industry

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Why Lab-Grown Diamonds Are Changing the Jewelry
Industry

• For ages, the jewelry business was synonymous
  with all things luxurious, exquisite, and highly
  restrictive to access. However, it seems that the
  times are changing. The most significant aspect
  of this transformation is the advent of lab-grown
  diamonds, which are redefining the notion of
  mined-diamonds supremacy. With time, technology
  has advanced and so has the audience which has
  turned laboratory-grown diamonds from merely a
  scientific novelty into an alternative that can
  be comfortably embraced within the last few
  decades. The process being depicted is not merely
  confined to the diamonds per se but in fact
  corresponds to overarching social development
  tendencies as regard forefront issues such as
  sustainability, morality and progress.
• In this piece, we shall go into details of what
  lab grown diamonds are, their production, their
  advantages to present day consumers, and their
  impact on the jewelry sector. We will also
  analyze lab grown diamonds from both
  technological and ethical perspectives and draw
  the last part of the article focusing on the ways
  horizontal players like Gelson World are going to
  benefit in this evolution.
• What are Lab-Grown Diamonds?

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Lab-created diamonds, synonymous with synthetic
or cultured diamonds, are diamonds that are
manufactured in a controlled environment
utilizing advanced technological processes
similar to those existing in nature where
diamonds are formed. These diamonds possess the
identical physical, chemical and optical
characteristics of natural diamonds. They consist
of only carbon atoms similar to mined diamonds
which form a specific arrangement making it hard
for human eyes to separate them from natural
diamonds. Lab-created diamonds are not the same
as diamond simulants, for example cubic zirconia
or moissanite which only mimic the appearance of
diamond but lacks similar properties. Lab-grown
diamonds, on the other hand, are real diamonds
complaining only on their origin. How Are
Lab-Grown Diamonds Made? The lab grown diamonds
making has two methods namely High Pressure-High
Temperature (HPHT) and Chemical Vapour Deposition
(CVD). High Pressure and Higher Temperature This
technique replicates the processes of natural
diamond formation which occurs within the mantle
of the earth. A tiny artificial diamond seed is
inserted inside a pressure chamber where high
temperatures of over 1500 degree Celsius and very
high pressures of about 1.5million pound per
square inch are maintained. This pressure and
temperature enables the carbon atoms to bond to
that seed, slowly growing into a diamond of bigger
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size. Generally HPHT diamonds come in a wider
range of colour designs than the natural ones,
but this variations have been compressed with
time thanks to technology. Chemical Vapor
Deposition (CVD) CVD is A Newer Technology. It
consists of placing a diamond powder inside a
capsule containing methane gas in a controlled
manner. The gas is heated at a temperature of
about 800 C so that the carbon atoms within the
gas get energized and move towards the powder,
forming a diamond crystal gradually. Most CVD
diamonds image with a better quality than HPHT
diamonds with almost no inclusions or blemishes
and hence are preferred for making jewelry. Why
Are Lab-Grown Diamonds Becoming Popular? Cost
Efficiency The cost is the utmost reason for the
ever-increasing demand for lab-grown diamonds.
Traditionally, however, lab-grown diamonds cost
30-40 lower than mined diamonds of the same size
and quality. This price difference comes as a
result of the short supply chain and low
production costs. Natural diamonds are mined from
the earth from far-flung and remote areas at high
costs of extracting them. On the other hand,
lab-grown diamonds are manufactured close to
their end user which helps in cutting out the
middlemen and lowering the overall price. To many
consumers, particularly of the younger
generations such as Millennials and Generation Z,
lab-grown diamonds are much easier to wear
because of their relative cost. This is because,
adopting the Millennial age perspective, this
generation values more travel, experiences and
other life investments rather than buy expensive
luxuries. But with lab-grown diamonds, a person
can wear diamond jewelry without being worried of
the high prices that conventional diamond jewelry
goes for. Sustainability and Ethics Another
important reason why people are drawn to the
lab-grown diamond industry is due to its
potential to be produced ethically and
sustainably. The natural diamond industry has
faced criticism for certain practices which cause
environmental degradation, such as deforestation,
destruction of habitats, and heavy carbon
footprint. Furthermore, the ethical issues of
conflict diamonds, also known as blood
diamonds, that focus on mined diamonds in
war-stricken countries are dealt with in the
context of this business too.
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Man-made diamonds, on the other hand, are rather
eco-friendly. They use less amount of resources
and do not cause any destruction to the
environment. In addition, these diamonds do not
have associated with them the negative
implication of conflict diamonds as they are made
in a controlled environment. This is a very
strong motivating factor to pick lab created
diamonds against the mined diamonds for the
audience that has a conscience. Read More
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Treasure Transparency and Traceability As
technology advances, customers are becoming more
and more aware of what is contained in the
products they purchase. Lab-created diamonds are
more easily traced because the entire process
involved in making the diamond can be followed
and authenticated. This is not the case, however,
for the diamonds which are mined, which poses a
challenge of tracing the origin of the stone and
even its ethical standing. For the most part, as
companies work hard to redeem themselves in the
eyes of their consumers, lab-grown diamonds
provide an option to ensure sustainable and
responsible manufacture. Customization and
Innovation The advancement of lab grown diamonds
provides the aspect of personalization and
enhancement like never before. Since the diamonds
are created in a laboratory, there is even more
room for the designers and drawers to create
different colors, geometric figures, and size
variations of the diamond. There are customers
who would want some colored fancy diamonds, say
blue or pink, which is very hard to find in the
natural world but can be easily crafted in the
lab. Moreover, the uniformity and standard of
lab-grown diamonds is enhanced surgical grade
jewelry and it gemstone assures sharpstone
cutting quality in the craft of every gem every
effort is made to ensure perfection on each piece
making lab grown diamond jewelry for precision
cut jewelry every meticulous effort dome to make
perfection on each piece. Impact on the
Traditional Diamond Industry Nonetheless, crystal
grown gems evolution does not come without a
cost. The traditional diamond business, which has
historically remained under the control of large
mining entities, has also felt the pressure to
embrace lab-created alternatives. Some of them
have opted for the in-house manufacturing of
synthetic diamonds, while others have invested in
promotions that highlight the qualities of
natural diamonds and their simple confined nature.
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In this instance, De Beers, a diamond empire, has
also played its part as it created and marketed
synthetic diamonds but under the Lightbox Jewelry
brand. The compromise however was that De Beers
differentiated healthily their laboratory grown
diamonds dressed as affordable fashion bling
diamante from the respect natural stones. This is
indicative of the industrys broader strategy in
which lab grown diamonds are introduced and
targeted into a different market segment in a
separate product category. Even with all these
activities, the market for lab-grown diamonds is
on the up. The lab-grown diamond global market
was valued at almost 5.2 billion US dollars by
Bain Company in 2022, with the market
forecasted to open up even more. It is
anticipated that by the year 2030, lab-created
diamonds could generate about 10 percent of the
entire diamond industry market share. Why
Lab-Grown Diamonds Are Revolutionizing the
Jewelry Industry Over the years, the jewelry
industry has been supported almost entirely on
the presence of mined diamonds. However, lately,
this trend has taken a new turn with the advent
of lab-made diamonds. These artificial diamonds
are spreading fast and are causing a change in
the perception of luxury as well as the practices
of that industry in terms of sustainability and
ethics. It is important to note that Lab-made
diamonds are not only cheaper but also do resolve
the broader issues related to the adverse mining
effects, and the ethical limitations of natural
diamonds. In this regard, it marks the changing
consumer habits, particularly of the younger
people. Additionally, it illustrates the heights
of technology that can now create cultured
diamonds that are flawless and cannot be easily
differentiated from the real diamonds. The Role
of Technology in the Jewelry Industry The
utilization of technology in the jewelry sector
is not confined to lab made diamonds production
only. For instance, the use of blockchain
technology to trace the origin of gemstones and
also AI enhanced design systems that promote more
modular ways of creating jewelry, change the way
wedding rings for women is manufactured,
distributed and marketed. For instance, with
blockchain technology, there will be total
openness in the supply chain, enabling end-users
to know where all their diamonds are sourced.
This is especially true for lab-created diamonds
since it helps to cement their position as being
ethical and
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environmentally oriented. Likewise, so do
advances in AI and 3D printing which help
jewelers design customized solutions which appeal
to consumers desires reinforcing the popularity
of lab created diamonds. Conclusion The Future
of Lab-Grown Diamonds and the Jewelry Industry It
is not a surprise that the laboratory synthesized
diamonds are not only less expensive diamonds but
they can also be recognized as a threat to the
traditional diamond jewelry business. With
increased understanding and acceptance of
lab-grown diamond limitations such as
environmental and social concerns combined with
the sophistication of the production of such
diamonds, it is clear such diamonds will continue
capturing more market share than they currently
do. There are significant rewards for companies
that adapt to this change. Gelson World, which
has been famous for its unique ways of inventive
luxury goods and customer strategies, is in a
good place to seize the rising interest of
lab-made diamonds. Given the shifting tendencies
of present day customers who seek high standard
ethically manufactured reasonably priced diamond
jewelry line, Gelson World is set to embark on an
entirely different era in the jewelry trade. In
summary, the advent of lab-grown diamonds marks a
shift in the jewelry business. It indicates a
response to the changing social order with regard
to environment, consumption and technological
advancement. With continuous innovations of
brands such as Gelson World, the way forward for
jewelry is amazing and less exclusivist than
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