Lab Grown Diamonds Are Booming In Canada. Here’s Why

{"AutoID":189,"DateCreation":"\/Date(1753249381273)\/","DateModified":"\/Date(1753429204140)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"Lab Grown Diamonds Are Booming In Canada. Here’s Why","SubTitle":null,"Description":"\u003cp dir=\"ltr\"\u003eThe popularity of lab grown diamonds is growing all around the world, including Canada. As preference for ethical and sustainable alternatives to mined diamonds grows, the Canadian jewelry industry is positioning itself as a key player.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThis blog explores lab grown diamonds in Canada, why the lab diamond industry is booming in the land of maple leaf, market overview, and more.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamonds in Canada: an overview\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe global lab grown diamond market size, valued at USD 22.79 billion in 2023, is set to grow to \u003ca href=\"https://www.fortunebusinessinsights.com/lab-grown-diamond-market-110569\"\u003eUSD 74.45 billion\u003c/a\u003e by 2032. This increasing preference for manufactured diamonds across the world also includes Canada. The Canadian jewelry market has embraced lab diamonds for many reasons. And several factors in the country favor lab diamonds. Let\u0026rsquo;s look at what those aspects are.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eRetail market and consumer adoption\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eCanadian consumers, especially those in urban cities, such as Toronto, Vancouver, and Montreal, have shown an increasing liking and preference for \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab grown diamonds\u003c/a\u003e. Canadian consumers are also opting for lab diamonds for engagement and wedding rings. Apart from that, the introduction of lab diamonds in the Canadian jewelry industry has made it easy and affordable for a wider consumer base to buy synthetic diamonds in Canada.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamonds are ethical\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab grown diamonds are grown in safe environments in laboratories, far from any association to conflict, unethical mining practices, war, labor issues, or any social concerns. This appeals to the growing community of conscious Canadian consumers.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eAffordability\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab grown diamonds are 30 to 40% cheaper than \u003ca href=\"https://www.growndiamondcorp.com/blog/difference-between-synthetic-and-mined-diamonds/\"\u003emined diamonds\u003c/a\u003e. Synthetic diamonds in Canada are available at much lesser prices compared to mined diamonds. This factor makes these man made gems more accessible to a wider range of consumers, from Gen Z to millennials. As lab grown diamonds are chemically, physically, and optically similar to mined diamonds, a large population of Canadian consumers is embarrassing these diamonds as real diamonds.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eVibrant market structure\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eA study revealed that the North American market segment, which includes \u003ca href=\"https://www.alliedmarketresearch.com/lab-grown-diamonds-market-A13694\"\u003eCanada, is the most lucrative for lab grown\u003c/a\u003e diamonds. Canada has a vibrant jewelry industry. For instance, the country has specialty retailers that specialize in artificial diamonds in Canada. They offer a wide range of lab diamonds, either manufactured in labs in Canada or imported from other countries, such as India and China.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eCanada also has traditional jewelers who have included lab grown diamonds in their collections. These jewelers also offer certificates of authenticity, sustainability, and lab grown diamond certificates.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eWhile the information and data about lab grown diamonds manufacturing in Canada is limited, the country is known for distribution of lab grown diamonds. Moreover, the Canadian jewelry industry has also incorporated eCommerce in a big way with many brands offering customized lab grown diamonds and all varieties of lab grown diamonds in Canada.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamonds in Canada: future outlook\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eAs lab grown diamond manufacturing gets more advanced and brands offer more varieties of color, carat size, customization, etc., the popularity of lab grown diamonds in Canada is only set to increase. Here are some factors shaping the future of \u003ca href=\"https://www.growndiamondcorp.com/blog/why-real-synthetic-diamonds-are-cost-effective/\"\u003esynthetic diamonds\u003c/a\u003e in Canada.\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eOne of the factors is the increasing awareness about manufactured diamonds. As brands take initiatives in educating consumers about lab diamonds, the industry is set for expansion.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eMany Canadian companies are conducting research and development in lab diamonds. These technological advancements will contribute to the growth of the lab diamond industry in Canada.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eNew and contemporary brands are offering new lab grown diamond products with carat weight, color, cuts, customization, and personalization.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eEcommerce has made lab grown diamonds highly accessible in Canada. With a growing acceptance and preference for ethical and sustainable diamonds, the online lab diamond industry is set to flourish.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eWrapping up\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eIf you\u0026rsquo;re a retailer, a wholesaler, a jewelry designer, or an individual in Canada, looking to buy the best quality lab grown diamonds, you can trust \u003ca href=\"https://www.growndiamondcorp.com/\"\u003eGrown Diamond Corporation\u003c/a\u003e. The India and USA-based lab grown diamond manufacturing company offers a wide range of synthetic diamonds.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cbr /\u003e\r\nAs Canada\u0026rsquo;s lab grown diamond market gets more vibrant and expands, the \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-grown-diamonds-have-a-bright-future/\"\u003efuture of lab diamonds\u003c/a\u003e is looking bright.\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"lab-grown-diamonds-are-booming-in-canada-heres-why.png","Image_Alt":null,"KeyWords":null,"MetaDescription":null,"MetaTitle":"Lab Grown Diamonds Are Booming In Canada. Here’s Why","CanonicalLink":null,"MetaContent":null,"SeqNo":null,"Slug":"lab-grown-diamonds-are-booming-in-canada-heres-why","GetTitle":"lab-grown-diamonds-are-booming-in-canada-heres-why","GetImageUrl":"https://docs.growndiamondcorp.com/blog/lab-grown-diamonds-are-booming-in-canada-heres-why.png"}