There has been an increased popularity of lab grown diamonds in recent years as more people have become aware of their many benefits. As per research, it is estimated that the lab grown diamond market will be worth $49.9 billion by 2030. It has been growing rapidly at a Compounded Annual Growth Rate (CAGR) of almost ten percent since the last decade.
However, there are still many misconceptions about these diamonds, which can lead people to make incorrect assumptions about them. These misconceptions can be harmful to the industry as a whole, so it’s important to debunk them.
Thus, in this article, we will debunk some of the most common myths about lab grown diamonds. This will help you better understand these incredible gemstones.
Myth 1: Lab Grown Diamonds Are Fake
This is perhaps the most common misconception about lab grown diamonds. People assume that because they are created in a laboratory, they must be fake or inferior to natural diamonds. Additionally, people often confuse lab grown diamonds with cubic zirconia. But it is a completely different type of stone.
This myth could not be further from the truth! Lab grown diamonds are real diamonds, just like those found in nature. They have the same physical, chemical, and optical properties as natural diamonds. The two methods used to produce lab grown diamonds – CVD and HPHT – create diamonds that are identical to natural diamonds on a molecular level.
The only difference is that they are created in a laboratory rather than in the Earth’s mantle. Additionally, these diamonds are more eco-friendly than natural diamonds. This is because they do not require mining.
Myth 2: Lab Grown Diamonds Are of Lower Quality
Again, this is simply not true. Many experts believe that lab grown diamonds are actually of better quality than natural diamonds. This is because they can be produced with fewer impurities and flaws.
In addition, lab grown diamonds are often cheaper than natural diamonds. You can get more bang for your buck! Thus, it is clear that lab grown diamonds are not inferior to natural diamonds in any way. They may even be of better quality as technology advances in the future!
Myth 3: Lab Grown Diamonds Are Not as Valuable as Natural Diamonds
This myth is based on the false assumption that lab grown diamonds are of lower quality. As we have already established, this is not the case! Lab grown diamonds are real diamonds with the same chemical and physical properties as natural diamonds.
Thus, they are just as valuable. Many experts believe that lab grown diamonds will eventually overtake natural diamonds in terms of value, due to their increasing popularity. So, if you’re looking for an investment, lab grown diamonds are a great option in the long term!
While investing in lab grown diamonds may not be right for everyone, they are a great option for those who want to invest in diamonds without contributing to the negative environmental impact of the diamond mining industry.
Myth 4: You Can’t Tell the Difference Between Lab Grown and Natural Diamonds
Again, this is simply not true. Although lab grown diamonds have the same chemical properties as natural diamonds, some physical differences can be used to tell them apart. For instance, lab grown diamonds tend to be more perfect in terms of their size, shape, and color.
In addition, they often have a slightly different kind of sparkle. However, if you’re not a trained gemologist, likely, you will not be able to tell the difference between a lab grown diamond and a natural diamond.
Jewelers also have a very difficult time telling the difference, which is why lab grown diamonds come with a certificate of authenticity stating that they are ‘lab grown diamonds.’
Myth 5: Lab Grown Diamonds Are Not as Durable as Natural Diamonds
This is yet another myth that is based on the false assumption that lab grown diamonds are of lower quality. In reality, lab grown diamonds are just as durable as natural diamonds and can withstand the same amount of wear and tear.
Thus, you can use them in wedding sets, engagement rings, wedding bands, and other jewelry just like you would with natural diamonds. Many people believe that lab grown diamonds are more durable than natural diamonds because they are less likely to chip or break.
Myth 6: Lab Grown Diamonds Aren’t Popular and Will See a Decline in Popularity
This myth is perpetuated by the diamond industry to protect their interests. The truth is that lab grown diamonds are increasing in popularity, as more and more people are becoming aware of their existence and the many benefits they offer.
A large number of people who believe in sustainability and eco-friendly practices are choosing to purchase lab grown diamonds instead of natural diamonds. In addition, many couples are now opting for lab grown diamonds for their engagement rings and wedding sets, as they are a more affordable option.
Many celebrities have been advocating for and spotted wearing lab grown diamonds, such as Lady Gaga, Meghan Markle, and Penelope Cruz. Thus, it is clear that lab grown diamonds are here to stay, and their popularity is only increasing, no matter what people say!
Most of the myths related to lab grown diamonds are created and spread by the diamond industry to protect their interests and are completely baseless. As the market for artificial diamonds grows, there will be a decline in the demand and, subsequently, the price of natural diamonds, threatening the entire natural diamonds industry. Naturally, the diamond industry wants to prevent this from happening.
We hope that this article has helped to debunk some of the myths about lab grown diamonds. These gemstones are real diamonds with many benefits, and we believe that their popularity will continue to grow in the coming years. So, if you are looking to buy or invest in diamonds, don’t let the myths hold you back!