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After years of refusing to deal with synthetic diamonds, 2018 De Beers shocked the industry with the launch of its own lab-grown diamond jewelry brand, Light Box.
The decision, CEO Bruce Cleaver told the Financial Times earlier this month, was spurred by rising sales of US lab-grown diamonds.
So far, lab-grown diamonds only account for about 2% of the overall diamond jewelry market.
California’s Diamond Foundry, backed by Hollywood actor Leonardo DiCaprio and Silicon Valley investors, is among dozens of lab-grown diamond producers to emerge over the last decade.
ABN AMRO Bank, in a report this month, said the lab-grown diamonds for the jewelry segment of the industry is entering the growth phase, fueled by consumers’ growing demand for cheaper alternatives.
To clarify, lab diamonds are real diamonds. ... In fact, lab grown diamonds and mined diamonds are the same except for a few crucial details: Lab grown diamonds are much less expensive than earth-mined diamonds, making them a great choice for engagement rings and jewelry.
Lab-grown diamonds are real and they're fantastic. They're also ethically-sourced, eco-friendly, and far more affordable than their mined counterparts. For proof, look no further than Clean Origin, one of the best names in the game when it comes to lab-grown diamond engagement rings.
Yes. GIA has been grading laboratory-grown diamonds since 2007. Beginning July 1, 2019, GIA Laboratory-Grown Diamond Reports and identification reports no longer use the term “synthetic.” The GIA Laboratory-Grown Diamond Report includes the standard GIA color, clarity and cut grading scales for reference purposes.
Lab grown diamonds are much less expensive than earth-mined diamonds, making them a great choice for engagement rings and jewelry. Lab grown diamonds are not mined or dredged, making them the environmentally conscious choice.