Why Do Millennials Love Lab Grown Diamonds?

From Meghan Markle to Emma Watson to Lady Gaga, everyone’s wearing lab grown diamonds. And they’re wearing them for all the right reasons. What’s more? Millennials are following the trend.

A study by Forbes found the demand for mined diamonds has significantly decreased as a result of consumer awareness of environmental and social responsibility. Consumers in the Gen-Z and millennial generations, choose lab diamonds over mined diamond options.

In this article, we look at what’s making millennials pick lab created diamonds and how these diamonds are making millennials stand out.

Reasons why millennials prefer lab diamonds

Superior quality

Lab grown diamonds have become well-known for their superior quality, which equals or even exceeds that of natural diamonds. The high clarity of lab created diamonds is one of their benefits. These diamonds are produced under controlled conditions using CVD diamond technology and HPHT methods, and are devoid of the imperfections and defects that are often present in natural diamonds.

Additionally, due to the precise control that can be achieved over a diamond's features thanks to cutting-edge technology, they have high color and clarity grades. Since lab diamonds have the same chemical makeup as mined diamonds, they shine brilliantly.

Take a look at this diagram, which highlights the main factors and statistics affecting the worldwide synthetic diamond market.

Affordability

Lab made diamonds are at least 40 to 50% cheaper than mined diamonds, making them affordable and within buying capacity for a larger customer base. Lab diamonds are real gems available at half the price of mined alternatives, and hence, more accessible to a broader customer base. For example, those on a budget can find an affordable diamond within their budget.

Sustainable alternative to mined diamonds

The demand for real diamonds exceeds the production of mined diamonds. Lab diamonds can be produced on demand and hence, they are a sustainable alternative to mined diamonds. Lab diamonds are eco-friendly, and have less to no impact on human life, making them a more preferred choice for consumers who support sustainability.

Larger lab diamonds at the price of smaller mined diamonds

Big size diamonds are an apparent investment choice for buyers due to their worth. When comparing lab diamonds to mined diamonds, the former is 40–50% less expensive. This unequivocally proves that the former wins the competition.

Actually, lab-created diamonds are getting better and better every day, and they can even be made to order in different colors, shapes, and sizes. Additionally, customers frequently adopt a "bigger is better" mentality and choose larger diamonds over smaller ones. This is another reason millennials choose lab diamonds over mined gems.

Lab diamonds are kind to the Earth

Another reason lab created diamonds have gained popularity is because they are a more environmentally responsible substitute for traditionally mined diamonds. Natural diamond mining entails substantial land clearing, the use of water, and the destruction of ecosystems.

In contrast, lab grown diamonds are produced utilizing cutting-edge technology in carefully regulated lab environments. This removes the harmful environmental effects of mining and considerably lowers its carbon footprint. In addition, lab made diamonds use less energy and resources than their natural counterparts.

Lab diamonds make statement jewelry

Conscious buyers want their jewelry to be a statement piece with which they can express themselves—one means by which they might express their views on sustainability and moral decisions is through lab created diamonds.

More and more people are choosing lab created diamonds for their engagement rings. Customers who purchase lab diamonds also have the option of adding a one-of-a-kind, distinctive created diamond to their engagement rings. Since lab diamonds are generated artificially, any distinctive design is possible.

Wrap up

The market for lab grown diamonds is expanding everywhere in the world. Nearly all indicators point to an upward slope for the lab grown diamond business, whether it be due to regulations around mined diamonds that limit mining activities, technological advancements in the field of lab diamonds, or a growing consumer desire for diamonds manufactured by humans.

{"AutoID":101,"DateCreation":"\/Date(1685690474693)\/","DateModified":"\/Date(1731322725057)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"Why Do Millennials Love Lab Grown Diamonds?","SubTitle":null,"Description":"\u003cp dir=\"ltr\"\u003eFrom Meghan Markle to Emma Watson to Lady Gaga, everyone\u0026rsquo;s wearing lab grown diamonds. And they\u0026rsquo;re wearing them for all the right reasons. What\u0026rsquo;s more? Millennials are following the trend.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eA study by \u003ca href=\"https://www.forbes.com/sites/pamdanziger/2019/12/15/mined-diamond-sales-decline-as-the-future-is-in-laboratory-grown-diamonds/\"\u003eForbes\u003c/a\u003e found the demand for mined diamonds has significantly decreased as a result of consumer awareness of environmental and social responsibility. Consumers in the Gen-Z and millennial generations, choose lab diamonds over mined diamond options.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eIn this article, we look at what\u0026rsquo;s making millennials pick lab created diamonds and how these diamonds are making millennials stand out.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eReasons why millennials prefer lab diamonds\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eSuperior quality\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab grown diamonds have become well-known for their superior quality, which equals or even exceeds that of natural diamonds. The high clarity of lab created diamonds is one of their benefits. These diamonds are produced under controlled conditions using \u003ca href=\"https://www.growndiamondcorp.com/blog/what-are-cvd-chemical-vapor-deposition-diamonds/\"\u003eCVD diamond\u003c/a\u003e technology and HPHT methods, and are devoid of the imperfections and defects that are often present in natural diamonds.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eAdditionally, due to the precise control that can be achieved over a diamond\u0026#39;s features thanks to cutting-edge technology, they have high color and clarity grades. Since lab diamonds have the same chemical makeup as mined diamonds, they shine brilliantly.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eTake a look at this diagram, which highlights the main factors and statistics affecting the worldwide synthetic diamond market.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eAffordability\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLab made diamonds are at least 40 to 50% cheaper than \u003ca href=\"https://www.growndiamondcorp.com/blog/difference-between-synthetic-and-mined-diamonds/\"\u003emined diamonds\u003c/a\u003e, making them affordable and within buying capacity for a larger customer base. Lab diamonds are real gems available at half the price of mined alternatives, and hence, more accessible to a broader customer base. For example, those on a budget can find an affordable diamond within their 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\u003eSustainable alternative to mined diamonds\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe demand for real diamonds exceeds the production of mined diamonds. Lab diamonds can be produced on demand and hence, they are a sustainable alternative to mined diamonds. Lab diamonds are eco-friendly, and have less to no impact on human life, making them a more preferred choice for consumers who support sustainability.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eLarger lab diamonds at the price of smaller mined diamonds\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eBig size diamonds are an apparent investment choice for buyers due to their worth. When comparing lab diamonds to mined diamonds, the former is 40\u0026ndash;50% less expensive. This unequivocally proves that the former wins the competition.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cbr /\u003e\r\nActually, \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003elab-created diamonds\u003c/a\u003e are getting better and better every day, and they can even be made to order in different colors, shapes, and sizes. Additionally, customers frequently adopt a \u0026quot;bigger is better\u0026quot; mentality and choose larger diamonds over smaller ones. This is another reason millennials choose lab diamonds over mined gems.\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 diamonds are kind to the Earth\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eAnother reason lab created diamonds have gained popularity is because they are a more environmentally responsible substitute for traditionally mined diamonds. Natural diamond mining entails substantial land clearing, the use of water, and the destruction of ecosystems.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cbr /\u003e\r\nIn contrast, \u003ca href=\"https://www.growndiamondcorp.com/lab-grown-diamonds/\"\u003elab grown diamonds\u003c/a\u003e are produced utilizing cutting-edge technology in carefully regulated lab environments. This removes the harmful environmental effects of mining and considerably lowers its carbon footprint. In addition, \u003ca href=\"https://www.growndiamondcorp.com/blog/laboratory-grown-diamond-care-tips/\"\u003elab made diamonds\u003c/a\u003e use less energy and resources than their natural counterparts.\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 diamonds make statement jewelry\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eConscious buyers want their jewelry to be a statement piece with which they can express themselves\u0026mdash;one means by which they might express their views on sustainability and moral decisions is through lab created diamonds.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cbr /\u003e\r\nMore and more people are choosing lab created diamonds for their engagement rings. Customers who purchase \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003elab diamonds\u003c/a\u003e also have the option of adding a one-of-a-kind, distinctive created diamond to their engagement rings. Since lab diamonds are generated artificially, any distinctive design is possible.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eWrap up\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe market for lab grown diamonds is expanding everywhere in the world. Nearly all indicators point to an upward slope for the lab grown diamond business, whether it be due to regulations around mined diamonds that limit mining activities, technological advancements in the field of lab diamonds, or a growing consumer desire for diamonds manufactured by humans.\u0026nbsp;\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"why-do-millennials-love-lab-grown-diamonds.jpeg","Image_Alt":"Millennials Love Lab Grown Diamonds","KeyWords":null,"MetaDescription":"Learn why millennials are transforming the diamond industry with their preference for lab-grown diamonds, an alternative to mined diamonds. 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To learn more about this, you can visit our blog.\"\u003e\r\n\u003cmeta property=\"og:image\" content=\"https://docs.growndiamondcorp.com/blog/why-do-millennials-love-lab-grown-diamonds.jpeg\"\u003e\r\n\r\n\u003c!-- Twitter --\u003e\r\n\u003cmeta property=\"twitter:card\" content=\"summary_large_image\"\u003e\r\n\u003cmeta property=\"twitter:url\" content=\" https://www.growndiamondcorp.com/blog/why-do-millennials-love-lab-grown-diamonds/\"\u003e\r\n\u003cmeta property=\"twitter:title\" content=\" Why Do Millennials Love Lab Grown Diamonds? | Grown Diamond Corporation\"\u003e\r\n\u003cmeta property=\"twitter:description\" content=\" Learn why millennials are transforming the diamond industry with their preference for lab-grown diamonds, an alternative to mined diamonds. To learn more about this, you can visit our blog.\u003e\r\n\u003cmeta property=\"twitter:image\" content=\"https://docs.growndiamondcorp.com/blog/why-do-millennials-love-lab-grown-diamonds.jpeg\"\u003e\r\n","SeqNo":null,"Slug":"why-do-millennials-love-lab-grown-diamonds","GetTitle":"why-do-millennials-love-lab-grown-diamonds","GetImageUrl":"https://docs.growndiamondcorp.com/blog/why-do-millennials-love-lab-grown-diamonds.jpeg"}