What is the Future of the Lab-Created Diamond Industry? | Grown Diamond Corp

{"AutoID":94,"DateCreation":"\/Date(1681817969863)\/","DateModified":"\/Date(1683285973223)\/","CreatedBy":null,"ModifiedBy":"Vishal Jagdale","RecordStatus":"A","Title":"What is the Future of the Lab-Created Diamond Industry? | Grown Diamond Corp","SubTitle":null,"Description":"\u003cp\u003eExperts are asserting 2019 and the following years as the period that the\u0026nbsp;\u003cstrong\u003egrown diamond industry\u003c/strong\u003e\u0026nbsp;will enter its growth stage. Up until now, several situations and conditions were keeping\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003egrown diamond producers\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;and consumers hesitant about\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/blog/visit-grown-diamond-corporation-at-jck-las-vegas-2019/\"\u003eman made diamonds\u003c/a\u003e\u003c/strong\u003e. The looming question was, \u0026lsquo;are\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab grown diamonds\u003c/a\u003e\u003c/strong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\" tabindex=\"-1\"\u003e\u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e\u003c/a\u003ereal diamonds?\u0026rsquo; But the industry is way into the transition phase now, from mined diamonds to lab produced diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe reasons are many: increased awareness among consumers that\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elaboratory created diamonds\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;are real diamonds, an increase in the number of well-known brands and celebrities supporting to\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003ebuy man made diamonds\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;over mined diamonds, and the fact that natural diamond reserves are running out. Reports reveal that some of the biggest mines will run dry by 2030 (From a report by Bain and Co.)\u003c/p\u003e\r\n\r\n\u003cp\u003eBrands, designers, diamond producing giants, retailers and diamonds dealers, everyone is making a sudden shift to\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003elab grown diamonds\u003c/a\u003e\u003c/strong\u003e. Here are a few observations we made:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u003cstrong\u003eIndustry reports: Man made diamonds industry entering a growth stage\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp\u003eWith increased acceptance among diamond jewelry makers, diamond dealers, retailers and consumers, new reports show that 51% of consumers are now aware of\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/lab-grown-diamonds-education/\"\u003elab grown diamonds\u003c/a\u003e\u003c/strong\u003e, compared to only 9% in 2010. (International Grown Diamond Association Report).\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Diamond Sector Report proclaims 2019 and the years ahead, as the time when the grown diamond industry will enter a growth stage, from the stage of uncertainty.\u003c/p\u003e\r\n\r\n\u003cp\u003eQuite recently, the Federal Trade Commission (FTC) in the United States changed the definition of diamonds in its jewelry guidelines by removing the word \u0026lsquo;natural\u0026rsquo;. This further reinforces the position of\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab produced diamonds\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;as real diamonds, a claim that was being questioned, mocked and debated in the diamond industry.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab diamond\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;industry has particularly gained more awareness due to well-known diamond companies joining the industry. De Beers, a company that has always vouched for real mined diamonds, launched a lab grown fashion jewelry brand called Lightbox Jewelry.\u003c/p\u003e\r\n\r\n\u003cp\u003eNew Diamond Technology LLC \u0026ndash; a Russian company \u0026ndash; announced that it has produced a 103.50 carats\u0026nbsp;\u003cstrong\u003elab grown diamonds\u003c/strong\u003e\u0026nbsp;for sale, the largest ever lab grown diamond.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u003cstrong\u003eCelebs are backing grown diamonds\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp\u003eAs grown diamonds vie for a more dominant position in the consumers\u0026rsquo; jewelry boxes, celebrities and personalities continue to do their bit to ensure sustainability. Noted celebrities and personalities have come forward to endorse and invest in grown diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003eLeonardo diCaprio began the trend by endorsing\u0026nbsp;\u003cstrong\u003eman made diamonds\u003c/strong\u003e\u0026nbsp;in an effort to bring awareness about blood diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003ePenelope Cruz has teamed up with Swarovski and launched a jewelry line created with\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab manufactured diamonds\u003c/a\u003e\u003c/strong\u003e. Her collection is called Atelier Swarovski.\u003c/p\u003e\r\n\r\n\u003cp\u003eAmong other celebs, Evan Williams and Andrew McCollum, founders of Twitter and Facebook and Khaliah Ali, daughter of Mohammad Ali have embraced man made diamonds. Madonna, Kate Hudson, Gwen Stefani, Sharon Osborne, Cameron Diaz, Beyonce and Kim Kardashian have donned\u0026nbsp;\u003ca href=\"https://www.growndiamondcorp.com/blog/lab-created-diamonds/\"\u003elab grown diamonds\u003c/a\u003e\u0026nbsp;at important red carpet events.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u003cstrong\u003eMillennials prefer laboratory made diamonds\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp\u003eAccording to a report by Forbes, lab created diamonds could take 7.5 percent of the total diamond industry market share by 2020, which currently makes for only 1 percent.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe report states that given a choice, millennials will always choose a bigger\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elaboratory diamonds\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;at a cheaper price than a smaller mined diamond at a higher price. The reason? The new generation is a conscious set of consumers who want to purchase diamonds that do not have a negative impact on human or environment.\u003c/p\u003e\r\n\r\n\u003cp\u003eThis is seconded by the Bain \u0026amp; Co. report, suggesting that the millennial and Generation Z with an increased spending power are more inclined to consider customer reviews, opinions of influencers and lean towards environmentally and socially safe diamond alternatives. The report adds, \u0026ldquo;Many retailers are already strategizing how the shifts in preferences will change their approaches to marketing and operations.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u003cstrong\u003eAdvancement in technology in lab grown diamonds\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp\u003eThe lab created diamond industry is being upgraded and advanced with new technological experiments and feats.\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/blog/real-man-made-diamonds-vs-cubic-zirconia-cz/\"\u003eReal man made diamond\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;producers, polishers and jewelry designers are investing in research and development and finding new ways to meet the growing demands, increasing the competitive edge. The processes that costed $4000 per carat in 2008, today cost around $300 to $500 per carat to produce, as stated by the Bain \u0026amp; Co. report. Decreased production prices will be followed by retail prices, which will only lead to the growth of this industry.\u003c/p\u003e\r\n\r\n\u003cp\u003eWith these vital factors in favour of\u0026nbsp;\u003cstrong\u003e\u003ca href=\"https://www.growndiamondcorp.com/\"\u003eloose lab grown diamonds,\u003c/a\u003e\u003c/strong\u003e\u0026nbsp;it is safe to say that the future of the man made diamonds industry looks promising.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"customblog13jpgYVTZLCDWFE.jpg","Image_Alt":"Lab Created Diamonds","KeyWords":"engineered diamonds, lab engineered diamonds, diamond hybrid, lab grown diamonds, best lab grown diamonds, buy lab grown diamonds, best engineered diamonds, grown diamond corporation","MetaDescription":"Lab grown diamonds have been ruling the diamond market for quite some time now. Lab-grown diamonds are not only cheaper for the consumer, they are better for the environment. To Know more read the blog.","MetaTitle":"What is the Future of the Lab-Created Diamond Industry? | Grown Diamond Corp","CanonicalLink":"https://www.growndiamondcorp.com/blog/what-is-the-future-of-the-lab-created-diamond-industry-grown-diamond-corp/","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-is-the-future-of-the-lab-created-diamond-industry-grown-diamond-corp/\"\u003e\r\n\u003cmeta property=\"og:title\" content= \" What is the Future of the Lab-Created Diamond Industry? | Grown Diamond Corp\"\u003e\r\n\u003cmeta property=\"og:description\" content=\" Lab grown diamonds have been ruling the diamond market for quite some time now. Lab-grown diamonds are not only cheaper for the consumer, they are better for the environment. To Know more read the blog.\"\u003e\r\n\u003cmeta property=\"og:image\" content=\" https://docs.growndiamondcorp.com/blogs/customblog13.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-is-the-future-of-the-lab-created-diamond-industry-grown-diamond-corp/\"\u003e\r\n\u003cmeta property=\"twitter:title\" content=\" What is the Future of the Lab-Created Diamond Industry? | Grown Diamond Corp\"\u003e\r\n\u003cmeta property=\"twitter:description\" content=\" Lab grown diamonds have been ruling the diamond market for quite some time now. Lab-grown diamonds are not only cheaper for the consumer, they are better for the environment. To Know more read the blog.\"\u003e\r\n\u003cmeta property=\"twitter:image\" content=\" https://docs.growndiamondcorp.com/blogs/customblog13.jpg\"\u003e\r\n","SeqNo":null,"Slug":"what-is-the-future-of-the-lab-created-diamond-industry-grown-diamond-corp","GetTitle":"what-is-the-future-of-the-lab-created-diamond-industry-grown-diamond-corp","GetImageUrl":"https://docs.growndiamondcorp.com/blogs/customblog13jpgYVTZLCDWFE.jpg"}