A diamond defines royalty when it is put in a crown and defines love if it is placed in a ring. According to the IGI, lab-created diamonds are chemically, physically and optically the same as mined diamonds. The lone distinction between lab grown diamonds and natural diamonds is the source. It takes countless years for the Earth to form diamonds, whereas it takes some days to some weeks for a laboratory to develop diamonds. This accelerated manufacturing option enables many benefits to artificial diamond customers, including the following.
A Sustainable Option
Many jewelers are all about environmental friendliness and sustainability. So, those jewelers try to source materials ethically. When artificial diamonds entered the market, those retailers felt that the stones met most of their brand requirements. Offering diamonds mean that those jewelers are giving back to society under their CSR programs.
As an eco-friendly and sustainable stone, an artificial diamond is a champion of nature. A one-carat artificial diamond can save as many as 250,000 kilograms of land and up to about 500 liters of water.
Being cost-effective does not mean that an artificial diamond is inferior in terms of quality. A CVD diamond has superior quality as compared to almost every natural diamond since it is the purest form of Type IIa diamond with a better luster and shine.
Supply And Demand
Awareness about artificial diamonds is growing around the world. So, artificial diamonds are a luxury product that continues to capture the imaginations of millennial customers, who constitute the bulk of informed buyers. There has been an increase in the demand for artificial diamond rings among millennials, particularly around Valentine’s Day. A ring set with diamonds is the ultimate symbol of love, whether or not those are artificial stones.
Millennial customers are seeking progressive technology coupled with conventional charm. Their search usually ends with artificial diamond jewelry. Customers are more educated about artificial stones and how they are grown. The independent and unique characteristics of artificial diamonds as environmentally friendly, sustainable and affordable stones appeal to millennial customers. The above-mentioned is reflecting more and more in the trade of artificial diamond jewelry across the world.
In the case of jewelry shopping, customers consider the market value and bang for their buck. Artificial diamonds offer a high value in return for money, which makes up for their less market value as compared to mined diamonds.