The Curious Case Of Lab-Grown Diamonds
We are but art
Falling in love but a thousand times daily
No less than worded Geisha
Black Butterflies to flutter the ears
Dark diamonds to dazzle the eyes
Dark Diamonds and Black Butterflies (For My Ladies Of Poetry, Gidget
Diamonds have always been the precious gemstone people longed for because of their many interesting characteristics. But this beauty comes at a heavy price. Apart from the skyrocketing market value, the hassle of mining and refining makes them extremely expensive. However, in recent years, lab-grown diamonds not only have brought this gemstone closer to the reach, but they’re also eco-friendly as a bonus. Today, we unearth the story of man-made diamonds.
Diamonds are basically a form of carbon. Carbon crystallizes due to the intense heat and pressure generated by the Earth’s crust. One carat of diamond cost from 5000 dollars to 18000 dollars. But the rise of lab-grown diamonds, has lowered the price, hence the popularity.
Now, let’s explore the ABC’s of man-made diamonds:
Are Lab Diamonds real?
Yes, they very much are. Lab diamonds have the exact same compound structure as real diamonds, with no visible difference whatsoever. In fact, it’s almost impossible to separate high-quality lab diamonds from the mined ones.
So how come are they cheap?
That is for a variety of reasons. Lab-grown diamonds are also created from carbon, but instead of natural heat and pressure, machines are used. This significantly reduces the time, cost and human labour. You can buy a lab-grown diamond for about 75% less than a natural diamond.
Is that all why they are popular?
Lab diamonds come with more benefits. Since we don’t have to go through the process of mining, it’s extremely environmentally friendly. This is one of the crucial reasons behind millennials taking a liking to artificial diamonds.
How popular are they exactly?
At this moment, the lab diamond market value is approximately equal to an astounding 600 million. Lab-grown diamonds started off as 1 per cent of the $14 billion (roughly 280 million) rough diamond market in 2016 to an estimated 2 to 3 per cent by the end of 2019. That’s a whopping 320 million leap, in just four years. This clearly shows the potential lab-grown diamonds hold.
Lab created Diamond Australia Industry
It might seem like Australia is a little late to the party when it comes to adopting man-made diamonds, but it’s not necessarily true. As of November 3rd 2020, Australia has completely halted mining for natural diamonds by closing the Argyle Mine. Different surveys say that man-made diamonds are growing more and more popular among people. Australian National University (ANU) is planning to start their own research on diamond production.
In a nutshell, lab created diamonds Australia has proven to be a much cheaper, greener, more ethical and definitely more promising alternative to natural diamonds. So will you look for old, lost love in mine diamonds or the flavor of modern love in man-made diamonds more your style?