What are lab-grown diamonds, are they worth buying?
lab-grown diamonds (LGDs). LGDs have seen price drops of around 50 percent, while the prices of natural diamonds have declined 40 percent.
Meanwhile, as the festive and wedding season continue, consumers are faced with a choice between these man-made gems and their natural counterparts.
Young Indian buyers are giving preference to lab-grown in comparison to their mining counterparts due to the affordability factor. Lab-grown diamonds, also referred to as synthetic or cultured diamonds, are created using cutting-edge technology that mimics the natural diamond-growing process.
According to Pranav Jhaveri, the Director of Namaste India Events, “These diamonds provide a sustainable, ethical, and eco-friendly alternative to conventionally mined diamonds. While maintaining similar quality standards, lab-grown diamonds come at a significantly more affordable price point, making them accessible to a wider audience."
How Lab Grown Diamonds are Produced:
Lab Grown Diamonds are basically made from two processes Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD).
In the first process, the natural diamond-making process is recreated in the lab. Carbon is subjected to high pressure and high temperature to encourage crystal growth.
In the second method, a hydrocarbon gas is heated in a vacuum chamber, and the carbon atoms are deposited onto a substrate, forming a diamond crystal.
Why are lab-grown diamonds becoming increasingly popular?
There are many reasons the lab-grown diamonds in gaining sudden limelight, primarily due to an increase in awareness around human rights and threats faced by planet Earth. The lab-grown alternatives are more environmentally friendly, as the environmental impact of mining is negated
