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Natural Diamonds Face New Questions As Lab-Grown Stones Rise

Natural Diamonds Face New Questions As Lab-Grown Stones Rise
A Gem of a Question on Buying Diamonds · deccanchronicle.com

Lab-grown diamonds are real diamonds made in factories instead of deep inside the Earth.

They can look almost exactly like natural diamonds and usually cost less.

This makes many shoppers wonder why they should pay more for a mined stone.

Natural diamonds are not always good investments because their prices can fall and resale is not guaranteed.

However, very rare natural diamonds may be valuable because they are difficult to find and can have special histories.

Younger buyers may prefer buying several lab-grown jewellery pieces instead of one very expensive ring.

The diamond market may split between people who want sparkle and people who want rarity or provenance.

Buyers now have to decide whether they care more about appearance and price or geological history and scarcity.

Key facts

Lab-grown composition
The Gemological Institute of America says lab-grown diamonds have essentially the same chemical composition, crystal structure and physical properties as natural diamonds.
Production time
Lab-grown diamonds can be produced in weeks using technologies such as HPHT and CVD.
Natural-diamond formation
Natural diamonds form deep inside the Earth over millions or billions of years.
Visual distinction
The difference between natural and lab-grown diamonds can be virtually impossible to see without specialist equipment.
Investment warning
Neha Roongta says neither natural nor lab-grown diamonds should be bought purely as financial instruments.
Market outlook
The article suggests ordinary natural diamonds may become more price-sensitive while genuinely rare stones become more collectible.

Quotes

Sanjana Tripuramallu

Founder of Bengaluru-based Cosmos Diamonds

“Absolutely, the value and popularity of natural diamonds have traditionally been associated with scarcity and rarity, but the rise of lab-grown diamonds has broken the scarcity myth because essentially, with lab-grown diamonds, you have diamonds that are physically, chemically and optically the same at a much better price.”
deccanchronicle.com
“There will be a clear distinction between people buying diamonds for their beauty and natural stones for their collectability and provenance.”
deccanchronicle.com

Sources

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