Pure Carbon Lab Grown
Diamond
For many, the diamond is a status symbol of wealth and power. Many famous celebrities sport diamond jewellery on the red carpet and other parties, popularizing its use among the masses. Most of the diamonds available currently are mined ones, which leave a large impact on the environment and are not eco-friendly.
Lab created diamonds vs. mined diamonds
Although grown in a controlled lab environment, labs created
diamonds are physically, optically and chemically identical to mined diamonds. They
are much cheaper than natural mined diamonds whose supply is controlled by an
oligopoly of companies led by the DeBeers Group. Natural mined diamonds are formed deep in the
Earth’s crust where they are subject to extreme pressure and temperature which
helps to form diamonds. Labs created diamonds are manufactured using similar
technologies with better results. However, there are always some inclusions in
the diamonds in the form of nitrogen or other minerals. Natural mined diamonds
vary with colour, clarity and other characteristics of the diamond, on the
other hand, lab grown diamonds have a clear set of consistent characteristics
as they are produced in controlled environments.
Generally speaking, mined diamonds are not rare. As
mentioned earlier their production is controlled by a select group of people to
ensure its high price. Labs created diamonds do not have such legacy issues
attached to them and are about 30-40% cheaper than mined diamonds.
Diamonds were not that popular with the masses early in the
twentieth century. The credit for popularizing the diamond for engagement rings
go to the DeBeers group, which ran a hugely successful media campaign
popularizing diamonds for engagement rings-first in the US, then in Europe and
finally in the rest of the world. The diamond has now come to symbolize wealth,
power and femininity among all the cultures in the world. That’s why imitation
jewellery with diamonds is also very popular, especially by women across South
Asia.
Due to this control of prices by DeBeers led oligopoly,
there has been a slight reduction in the demand for diamond. Thanks to Lab created
diamonds, this change is being reversed. Slowly but surely the demand for lab
created diamonds is taking over that of mined diamonds. In fact there are even
cases where labs created diamonds have cannibalized the demand for mined
diamonds.
Even though Man made lab created diamonds are much cheaper
than mined diamonds, there is very little awareness about this in the minds of
the general public Many of them do not even know that diamonds can be made in a
controlled lab environment.
We at Riddhi Diamond want to help people choose the
right lab grown diamonds for the right time at the right price. We are on a mission
to ensure that most of the people looking to invest in a diamond get the right
product for themselves. For this, we are
building a dedicated team to help achieve this task.
