Pros And Cons Of Lab Grown Diamonds
In recent years the popularity of lab grown diamonds is increasing steadily. It would not be far-fetched to say that someday in the future they might end up replacing the mined diamonds. If you are someone who is skeptical about this & wants to be more informed about lab-grown diamonds, you have come to the right place! Today in this article we are going to discuss the pros and cons of lab grown diamonds in detail.
Definition of a lab grown diamond
Lab-grown diamonds are known by many names. You might have heard the names engineered diamonds, synthetic diamonds, or cultured diamonds; all of these refer to lab-grown diamonds. You might have already guessed that these diamonds are man-made & are produced in laboratories. As you might know that diamonds contain carbon atoms that are arranged in crystal shaping. So, the process of creating these synthetic diamonds is done by the scientists by keeping apart the carbon & layering them over one another.
Pros of lab grown diamonds
Even though these lab-grown diamonds are in huge demand, people are still skeptical about them. The term synthetic' just doesn't sit right with them. So, in this part, we are going to discuss the pros of lab grown diamonds:
- Less Expensive: It is a simple fact that you might have already guessed. Since the diamonds are produced in a lab, they are relatively cheaper than the mined diamonds. The price of lab grown diamonds could go down up to 30-40%!
- Environment Friendly: Mined diamonds are a huge concern of environmentalists. They argue that mining diamonds lead to the loss of a large number of fossil fuels & destroys the earth. Lab-grown diamonds don't have this problem. They are eco-friendly & hardly cause any harm to the environment.
- Guaranteed origins: Many times, mined diamonds have a dark past associated with them, since, they are mostly acquired from regions of conflict. They could be even referred to as �blood diamonds, because of their use in funding civil problems and armed conflicts. Buyers of lab-grown diamonds can be sure that the diamond they're buying has no such dark history. They need not worry about a guilty conscience in the future.
Cons of lab grown diamonds
It might seem like lab grown diamonds are nothing short of dream come true but even they have their downsides. In this part, we are going to discuss the cons of lab grown diamonds:
- Might lose its value over time: It is a simple rule of economics that where the supply is low, the demand runs high. For this very reason, mined diamonds have been seen as an investment over the years. The same can't be said for man-made diamonds. Since these diamonds could be grown as per the demand, they will not be considered something valuable over time. So, unlike mined diamonds, lab grown diamonds are not a sound investment for your future.
- Leads to unemployment: As we know mining industry generates billions of dollars in revenue, generating a huge number of employments. If somehow, in the foreseeable future, lab-grown diamonds take over the market for diamonds, there will be a huge crisis for those whose livelihood depends on diamond mining
- Huge loss of energy: It is a bit ironic that the diamonds that are considered eco-friendly actually cause a huge amount of energy loss in the hindsight. They lead to sustainability problems. Since growing diamonds in a lab needs a lot of heat & pressure, it takes up a huge amount of energy resources that are already scarce.
In this article, we tried to put forward both sides of a coin when it comes to lab-grown diamonds so that you can make an informed choice for yourself. Even though there are a few cons related to lab-grown diamonds, somehow, the pros overpower them. The disadvantages related to sustainability can be overcome with help of new innovations. So, it is safe to say that maybe in the future, mined diamonds might get replaced as a "girl's new best friend!"
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