Lab vs. Natural Diamonds – How Do You Choose?
September 25, 2019
When a man gives a diamond ring, it is the promise to love her and be there for the rest of her life, a solemn commitment. For her, it is an tangible expression of his love and sincerity. Whenever she looks at the diamond ring, she is reminded that she is loved and that she is special. As no two natural diamonds are the same, making them rare and special, proposing to your partner with the natural diamond makes sense.
Some claim that synthetic diamond is the same as natural, just as valuable. But as technology advances, lab grown diamonds can be created in huge quantities, thus bringing down the cost of production. A 1.00ct lab created diamond used to cost US$1,000 a carat, now it is available for half the price within a span of a year. It doesn’t hold value like the natural diamond. Imagine what would happen few years down the road, when it costs as much as a fashion accessory.
A natural diamond can be passed down through the generations as a family heirloom and still holds value. Not so for lab grown. A common thought among many is that natural diamond looses its value once it leaves the store. The truth is that diamond is a good hedge and it can increase in value over the years. The only thing is knowing where to find the right people where you can get good value from at wholesale prices.
In America, some would argue that lab grown diamonds do not damage the landscape and have not carbon foot print. The process of making lab grown diamonds create three times more carbon dioxide than natural mining. Approximately 511 kg of CO2 annually. While naturally mined diamonds create less CO2 emission, the diamond trade do care about social responsibility, giving back to society by building schools and hospital in third world countries.
While the Synthetic diamonds may not be ideal as the natural diamonds, they do present themselves as a good alternative for fashion accessories and meeting the demand for a wide range of industrial purposes and medical instruments.