Embracing The Positive Impact of Lab Grown Diamonds

An increasing number of young couples are opting for lab-grown diamond engagement rings. The number of lab diamond manufacturers is multiplying. More consumers are aware about the benefits of lab-created diamonds.

Clearly, lab diamonds are here to stay and have much to offer. So, why exactly are consumers loving lab diamonds? We found out in this blog. Read on!

Lab grown diamond: numbers and figures from across the world

To begin with, here are some of the latest facts and figures about lab-grown diamonds from around the world.

Lab diamonds are the most preferred for Valentine's gifts in 2024.
20% of the total global diamond jewelry market comprises lab-grown diamonds.
The market value of diamonds grown in labs is expected to increase from 20 b in 2021 to 52 billion in 2030.
Asia-Pacific is one of the largest producers of lab grown diamonds in the world.
India is becoming a major hub of the lab-grown diamond industry in the world.

Positive changes associated with lab grown diamonds

Lab diamonds are environmentally-friendly

Man-made diamonds are produced in laboratories under controlled environments. Hence, lab diamonds are associated with lesser environmental damage compared to mined diamonds. Here are some reasons for this claim:

Creating diamonds in laboratories does not require digging earth, fresh water, or fossil fuels.
Lab-grown diamond manufacturing companies are required to follow strict environmental protocols and have certificates that allow this manufacturing activity.
Diamonds grown in labs are increasingly being manufactured with renewable energy sources, making the process more eco-friendly.

Lab grown diamonds are spreading awareness

A few years ago, consumers were not aware about the negative impact and concerns around diamond mining.

Clearly, lab-created diamonds have been a significant reason for more consumers being aware of the social and political issues associated with mined diamonds. Here’s how:

The awareness of concerns around lab diamonds has grown, with celebrities endorsing lab-grown diamonds as a better alternative to mined diamonds.
Lab diamonds are raising awareness about issues such as environmental degradation, politics and war related to diamonds, child labor and abuse, among other issues.

Sustainability

Lab-grown diamonds have another big advantage over mined diamonds. Unlike mined diamonds that have limited availability, the availability of lab-grown diamonds depends on man-made production. This makes the entire diamond industry sustainable.

Additionally, lab diamonds help regulate diamond prices because they aren’t based on the demand and supply ratio. For instance, low supply and high demand of mined diamonds cause a rise in diamond prices. This is not the case in lab-grown diamonds.

According to research by Frost and Sullivan, the supply of mined diamonds is going to decrease year-after-year, while the demand for diamonds will only increase. See this graph:

Source

Access and affordability for more consumers

While earlier diamonds were considered rare, expensive, and only for the rich, lab-grown diamonds have made it easy for most consumers to buy diamonds. Diamonds grown in labs are 40 to 50% cheaper than mined diamonds. This makes it easy for consumers to buy diamonds.

Moreover, customers can buy a better-quality diamond with high-quality clarity and carat for a lesser price. Lab-grown diamond prices are much lesser than mined diamonds, making them an ideal choice for consumers on a budget.

Lab grown diamonds offer more options to customers

Lab-created diamonds give conscious consumers a wider choice to avoid conflict or mined diamonds. For example, there are many types of diamonds made in labs — cubic zirconia, real diamonds, and moissanite, among others.

Consumers can avoid buying diamonds that are wrapped around human and environmental conflicts. Lab diamonds are a more sustainable option.

Where to buy lab grown diamonds?

With so many positive aspects attached to lab-created diamonds, they make an ideal addition to your jewelry collection. Whether you’re looking for lab-grown diamond rings for your special occasions or to buy jewelry pieces, lab-grown diamond cost and other benefits make it the only option you should opt for.

Explore lab grown diamond online brands to buy ethical, sustainable, and affordable real diamonds.

{"AutoID":132,"DateCreation":"\/Date(1707289768927)\/","DateModified":"\/Date(1718863274153)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"Embracing The Positive Impact of Lab Grown Diamonds","SubTitle":null,"Description":"\u003cp dir=\"ltr\"\u003eAn increasing number of young couples are opting for lab-grown diamond engagement rings. The number of \u003ca href=\"https://www.growndiamondcorp.com/our-story/\"\u003elab diamond manufacturers\u003c/a\u003e is multiplying. More consumers are aware about the benefits of lab-created diamonds.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eClearly, lab diamonds are here to stay and have much to offer. So, why exactly are consumers loving lab diamonds? We found out in this blog. Read on!\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamond: numbers and figures from across the world\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eTo begin with, here are some of the latest facts and figures about lab-grown diamonds from around the world.\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eLab diamonds are the most preferred for Valentine\u0026#39;s gifts in 2024.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003ca href=\"https://www.cbc.ca/news/business/lab-grown-diamonds-1.7066621#:~:text=By%20some%20estimates%2C%20lab%2Dgrown,total%20global%20diamond%20jewelry%20market.\"\u003e20%\u003c/a\u003e of the total global diamond jewelry market comprises lab-grown diamonds.\u0026nbsp;\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eThe market value of \u003ca href=\"https://www.growndiamondcorp.com/\"\u003ediamonds grown in labs\u003c/a\u003e is expected to increase from 20 b in 2021 to \u003ca href=\"https://www.statista.com/statistics/1076378/lab-grown-diamonds-market-value-globally/?kw=\u0026amp;crmtag=adwords\u0026amp;gclid=CjwKCAiA75itBhA6EiwAkho9e9PXvYklx3yYXGmrCE8DT-DsLa7NcVfY07YmBmp_OHsJAA-99f_1uxoCxpQQAvD_BwE\"\u003e52 billion in 2030\u003c/a\u003e.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eAsia-Pacific is one of the largest producers of lab grown diamonds in the world.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eIndia is becoming a major hub of the lab-grown diamond industry in the world.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003ePositive changes associated with lab grown diamonds\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eLab diamonds are environmentally-friendly\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003ca href=\"https://www.growndiamondcorp.com/blog/man-made-diamonds-are-the-future-heres-why/\"\u003eMan-made diamonds\u003c/a\u003e are produced in laboratories under controlled environments. Hence, lab diamonds are associated with lesser environmental damage compared to mined diamonds. Here are some reasons for this claim:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eCreating diamonds in laboratories does not require digging earth, fresh water, or fossil fuels.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eLab-grown diamond manufacturing companies are required to follow strict environmental protocols and have certificates that allow this manufacturing activity.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eDiamonds grown in labs are increasingly being manufactured with renewable energy sources, making the process more eco-friendly.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamonds are spreading awareness\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eA few years ago, consumers were not aware about the negative impact and concerns around \u003ca href=\"https://www.growndiamondcorp.com/blog/the-real-impact-of-diamond-mining-on-the-environment/\"\u003ediamond mining\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eClearly, \u003ca href=\"https://www.growndiamondcorp.com/blog/how-are-lab-created-diamonds-made/\"\u003elab-created diamonds\u003c/a\u003e have been a significant reason for more consumers being aware of the social and political issues associated with mined diamonds. Here\u0026rsquo;s how:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eThe awareness of concerns around lab diamonds has grown, with celebrities endorsing lab-grown diamonds as a better alternative to mined diamonds.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003eLab diamonds are raising awareness about issues such as environmental degradation, politics and war related to diamonds, child labor and abuse, among other issues.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eSustainability\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab-grown diamonds have another big advantage over \u003ca href=\"https://www.growndiamondcorp.com/blog/can-you-easily-distinguish-between-a-mined-and-a-lab-grown-diamond/\"\u003emined diamonds\u003c/a\u003e. Unlike mined diamonds that have limited availability, the availability of \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab-grown diamonds\u003c/a\u003e depends on man-made production. This makes the entire diamond industry sustainable.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eAdditionally, \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab diamonds\u003c/a\u003e help regulate diamond prices because they aren\u0026rsquo;t based on the demand and supply ratio. For instance, low supply and high demand of mined diamonds cause a rise in diamond prices. This is not the case in lab-grown diamonds.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eAccording to research by Frost and Sullivan, the supply of mined diamonds is going to decrease year-after-year, while the demand for diamonds will only increase. See this graph:\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cimg alt=\"\" src=\"https://emailer.growndiamondcorp.com/blog-images/embracing-the-positive-impact-of-lab-grown-diamonds-body-image.png\" style=\"height:479px; width:861px\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cstrong\u003e\u003ca href=\"https://www.forbesindia.com/article/sustainability-special/labgrown-diamonds-the-planet-conscious-millennials-best-friend/68269/1\"\u003eSource\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eAccess and affordability for more consumers\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eWhile earlier diamonds were considered rare, expensive, and only for the rich, lab-grown diamonds have made it easy for most consumers to buy diamonds. Diamonds grown in labs are 40 to 50% cheaper than mined diamonds. This makes it easy for consumers to buy diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eMoreover, customers can buy a better-quality diamond with high-quality clarity and carat for a lesser price. \u003ca href=\"https://www.growndiamondcorp.com/blog/how-to-determine-the-price-of-your-diamond/\"\u003eLab-grown diamond prices\u003c/a\u003e are much lesser than mined diamonds, making them an ideal choice for consumers on a budget.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eLab grown diamonds offer more options to customers\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab-created diamonds give conscious consumers a wider choice to avoid conflict or mined diamonds. For example, there are many types of diamonds made in labs \u0026mdash; cubic zirconia, real diamonds, and moissanite, among others.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eConsumers can avoid buying diamonds that are wrapped around human and environmental conflicts. Lab diamonds are a more sustainable option.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eWhere to buy lab grown diamonds?\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eWith so many positive aspects attached to lab-created diamonds, they make an ideal addition to your jewelry collection. Whether you\u0026rsquo;re looking for \u003ca href=\"https://www.growndiamondcorp.com/blog/how-to-choose-the-best-setting-for-a-2-carat-lab-created-diamond-ring/\"\u003elab-grown diamond rings\u003c/a\u003e for your special occasions or to buy jewelry pieces, lab-grown diamond cost and other benefits make it the only option you should opt for.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cbr /\u003e\r\nExplore \u003ca href=\"https://www.growndiamondcorp.com\"\u003elab grown diamond online\u003c/a\u003e brands to buy ethical, sustainable, and affordable real diamonds.\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"embracing-the-positive-impact-of-lab-grown-diamonds.jpg","Image_Alt":"The Positive Impact of Lab Grown Diamonds","KeyWords":"lab grown diamonds, engineered diamonds, cultured diamonds, lab created diamonds, lab diamonds, laboratory diamonds, man made diamonds, lab made diamonds","MetaDescription":"Learn the positive impact of lab-grown diamonds on the diamond industry. Discover its benefits, from environmental friendliness to affordability.","MetaTitle":"Embracing The Positive Impact of Lab Grown Diamonds","CanonicalLink":null,"MetaContent":"\u003c!-- Open Graph / Facebook --\u003e\r\n\u003cmeta property=\"og:type\" content=\"website\"\u003e\r\n\u003cmeta property=\"og:url\" content =\"https://www.growndiamondcorp.com/blog/embracing-the-positive-impact-of-lab-grown-diamonds/\"\u003e\r\n\u003cmeta property=\"og:title\" content=\"Embracing The Positive Impact of Lab Grown Diamonds | Grown Diamond Corporation\"\u003e\r\n\u003cmeta property=\"og:description\" content=\"Learn the positive impact of lab-grown diamonds on the diamond industry. 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