What Do Consumers Think Of Lab Grown Diamonds? | GDC

{"AutoID":63,"DateCreation":"\/Date(1668850218850)\/","DateModified":"\/Date(1669875286730)\/","CreatedBy":null,"ModifiedBy":"SEO Team ","RecordStatus":"A","Title":"What Do Consumers Think Of Lab Grown Diamonds? | GDC","SubTitle":null,"Description":"\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eYou may not be aware of this, but purchasing diamonds is now a reasonably priced endeavor. How? Thanks to science, the increased supply of lab diamonds makes them an affordable purchase.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eLab made diamonds are real diamonds - the only distinction is they\u0026rsquo;ve been created in human-made conditions, rather than under the Earth\u0026rsquo;s mantle over billions of years. As confirmed by CNN, the sales figures for March 2022 indicated a 63% increase in lab diamonds vs. natural.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn this blog, we will review the rationale behind the sparkling rise of lab diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e1. Lab grown diamonds are real diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003eOccasionally, \u003ca href=\"https://www.growndiamondcorp.com/blog/tips-to-choose-the-perfect-lab-created-diamonds/\"\u003elab created diamonds\u003c/a\u003e are also referred to as \u0026quot;synthetic diamonds,\u0026quot; spreading the notion that these diamonds are imitations. However, in an analogy between lab grown diamonds and the other popular substitutes, lab made diamonds are the real deal.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eLab created diamonds\u003c/strong\u003e are prepared in the laboratory using cutting-edge technological procedures that mimic the conditions under which natural diamonds are developed beneath the Earth\u0026rsquo;s crust. As a consequence, both real and \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-diamonds/\"\u003elab diamonds\u003c/a\u003e inhibit similar physical, chemical, and optical traits.\u003c/p\u003e\r\n\r\n\u003cp\u003eAdditionally, like real diamonds, lab diamonds also receive a grading certificate which ensures that the consumers are not being misrepresented and the diamond is actually worth the price. Fair enough, isn\u0026rsquo;t it?\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e2. Conscious consumer prefer lab created diamond engagement rings\u003c/h2\u003e\r\n\r\n\u003cp\u003eEthical issues often surround the natural diamonds\u0026#39; origin in comparison to that of \u003ca href=\"https://www.growndiamondcorp.com/\"\u003egrown diamonds\u003c/a\u003e. The majority of the world\u0026#39;s diamonds, around 65%, are mined in Africa using forced labor and occasionally in conflict areas; the money made from these operations is sometimes used to finance war.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eNow, if a millennial were to purchase a diamond, they would be concerned about its origin. This is especially when they are purchasing an engagement ring as they would never want their symbol of love and respect to have a history of hatred and malice behind it.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eTherefore, the procedure of formation of real diamonds is one of the reasons why there was a \u003ca href=\"https://www.gemsociety.org/news/2022/05/18/interest-lab-grown-diamonds-surging-shows-no-signs-of-stopping/\"\u003esharp decrease of 25% in the sale \u003c/a\u003eof natural diamond \u003ca href=\"https://www.growndiamondcorp.com/blog/heres-the-only-guide-you-need-to-buy-your-lab-grown-diamond-engagement-ring/\"\u003eengagement rings\u003c/a\u003e. This paved a way for the lab created diamonds to flourish.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e3. New-age consumers prefer environmentally-friendly diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003eA recent \u003ca href=\"https://ianslife.in/life-style/why-lab-grown-diamonds-are-rage-amongst-millennials\"\u003eForbes study\u003c/a\u003e found that the demand for natural diamonds has significantly decreased as a result of consumer awareness of environmental and social responsibility. Consumers in the Gen-Z and millennial generations, who have contributed to the expansion of the \u003ca href=\"https://www.growndiamondcorp.com/blog/the-future-of-lab-created-diamond-industry-seems-shining-bright/\"\u003elab-grown industry\u003c/a\u003e, are most affected by this mentality change.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn case of \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-created-diamonds/\"\u003elab diamonds vs real diamonds\u003c/a\u003e, the latter uses a whooping 500 million joules per carat and the former just a quarter of the amount. Astounding, isn\u0026rsquo;t it?\u0026nbsp; Thus, the sustainability factor is why new-age consumers choose grown diamonds over real ones.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e4. Consumers prefer to buy large sized diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003eDue to their value being concentrated in a single, relative chunk, big diamonds make for an obvious investment prospect for buyers. In the case of \u003cstrong\u003elab diamonds vs real diamonds\u003c/strong\u003e, the former is 40-50% cheaper than the latter. This clearly demonstrates the former wins the race.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn fact, \u003cstrong\u003elab created diamonds\u003c/strong\u003e are growing bigger and better every day and can even be customized in a variety of shapes, sizes and colors. Additionally, consumers tend to have a mentality of \u0026lsquo;the bigger the better\u0026rsquo; and end up purchasing large sized diamonds over smaller ones.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e5. Consumers want their diamonds to tell a story and have a unique style\u003c/h2\u003e\r\n\r\n\u003cp\u003eThe sense of style and aesthetics is valued over the illusion of wealth or sophistication when purchasing diamonds. From an aesthetic standpoint, \u003cstrong\u003elab made diamonds\u003c/strong\u003e are lustrous and lack imperfections as they are not damaged by aging. Unlike many mined diamonds, \u003cstrong\u003egrown diamonds\u003c/strong\u003e seldom have a past marred by destruction or evil.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition to the history behind them, \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab grown diamonds\u003c/a\u003e have their own distinctive characteristics that set them apart from one another. This may come as a surprise given that one of the common fallacies regarding \u003cstrong\u003elab grown diamonds \u003c/strong\u003eis that they are all identical clones with no distinguishing characteristics.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eOver to you\u003c/h2\u003e\r\n\r\n\u003cp\u003eThe factors such as transparency, affordability, sustainability, and aesthetic will significantly contribute to the rising demand for \u003ca href=\"https://www.growndiamondcorp.com/blog/how-are-lab-created-diamonds-made/\"\u003elab created diamonds\u003c/a\u003e.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to \u003ca href=\"https://www.iasgyan.in/daily-current-affairs/lab-grown-diamond\"\u003erecent studies, India increased its exports\u003c/a\u003e of polished lab diamonds worth $1.05 billion between April 2021 and January 2022. To conclude, the reason for buying a diamond is in its eternal value and this objective can be easily achieved by purchasing lab made diamonds.\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"image-gdc-blog-7jpgGETEZPEPAO.jpg","Image_Alt":"Lab Grown Diamonds Education","KeyWords":"lab grown diamonds , lab grown diamond rings ,lab created diamond rings , lab made diamonds , lab diamond rings","MetaDescription":"Want to know what consumers think of lab-grown diamonds? As Confirmed by CNN Sales figures increased in lab diamonds and also what people think of lab-grown diamonds. Browse more to know about the sparkling rise of lab diamonds.","MetaTitle":"What Do Consumers Think Of Lab Grown Diamonds? | GDC","CanonicalLink":null,"MetaContent":"\u003c!-- Open Graph / Facebook --\u003e\r\n\u003cmeta property=\"og:type\" content=\"website\"\u003e\r\n\u003cmeta property=\"og:url\" content=\" https://www.growndiamondcorp.com/blog/what-do-consumers-think-of-lab-grown-diamonds/\"\u003e\r\n\u003cmeta property=\"og:title\" content=\" What Do Consumers Think Of Lab Grown Diamonds? | GDC\"\u003e\r\n\u003cmeta property=\"og:description\" content=\" Want to know what consumers think of lab-grown diamonds? As Confirmed by CNN Sales figures increased in lab diamonds and also what people think of lab-grown diamonds. Browse more to know about the sparkling rise of lab diamonds.\"\u003e\r\n\u003cmeta property=\"og:image\" content=\" https://docs.growndiamondcorp.com/blogs/image-gdc-blog-7jpgGETEZPEPAO.jpg\"\u003e\r\n\r\n\u003c!-- Twitter --\u003e\r\n\u003cmeta property=\"twitter:card\" content=\"summary_large_image\"\u003e\r\n\u003cmeta property=\"twitter:url\" content=\" https://www.growndiamondcorp.com/blog/what-do-consumers-think-of-lab-grown-diamonds/\"\u003e\r\n\u003cmeta property=\"twitter:title\" content=\" What Do Consumers Think Of Lab Grown Diamonds? | GDC\"\u003e\r\n\u003cmeta property=\"twitter:description\" content=\" Want to know what consumers think of lab-grown diamonds? As Confirmed by CNN Sales figures increased in lab diamonds and also what people think of lab-grown diamonds. Browse more to know about the sparkling rise of lab diamonds.\"\u003e\r\n\u003cmeta property=\"twitter:image\" content=\" https://docs.growndiamondcorp.com/blogs/image-gdc-blog-7jpgGETEZPEPAO.jpg\"\u003e\r\n","SeqNo":null,"Slug":"what-do-consumers-think-of-lab-grown-diamonds","GetTitle":"what-do-consumers-think-of-lab-grown-diamonds-gdc","GetImageUrl":"https://docs.growndiamondcorp.com/blog/image-gdc-blog-7jpgGETEZPEPAO.jpg"}