Basically they're real, actual diamonds that have been produced using the latest technology available that recreates how natural diamonds form but at a much faster rate. It's only in the last decade that we've reached the point that lab diamonds are now available to anyone looking for a beautiful & ethical stone for a lower cost than a Earth Mined Diamond of the exact same Quality.
But are they really real Diamonds?
Absolutely! Optically, Physically & Chemically, in fact - the only difference between these and Mined Diamonds is that one is grown above ground in a specialised facility over 6-10 weeks and the other's grown below ground over millions of years. In every other way they are the same thing. Don't just take our word for it, in 2018 the US Federal Trade Commission ruled that a Diamond is a Diamond, no matter if it was grown above or below ground. This was a huge win for the Lab Diamond Industry & a massive headache for the Mined Diamond mega corporations that actively try to devalue & discredit Lab Grown Diamonds at every turn.
If they're the same, why the lower price?
There's two main reasons -
1) It's much more cost effective to grow a Diamond in a Lab than to Mine it from Kilometers underground.
Simply put, the price of developing a diamond in the lab is much more cost-effective than mining it from the Earth (and much, much better for the planet). Additionally, the mining industry has long been controlling the high prices of diamonds since the De Beers company had such a monopoly on the market (at one point owning around 85% of the diamond industry). According to a report from Berkeley, jewellery quality diamonds from the mining industry would only be worth $2-30 a carat if used industrially.
So are they different to CZ, Moissanite & other Diamond Simulants?
Yes, miles apart - Cubic Zirconia (CZ) are made from a completely different material called Zirconium Dioxide & Moissanite is Silicone Carbide whereas Lab & Earth Mined Diamonds are Full Carbon. While some CZ might be ok as temporary 'placeholder' stones we highly recommend using good quality Moissanite or Diamonds for jewellery that's worn everyday such as engagement or wedding rings. These stones will stand the test of time & should last Generations so that your children & even grandchildren can treasure them as much as you have.
How do they compare to Mined Diamonds?
Because they're the exact same mineral (carbon) & both are form from intense heat & pressure Lab Diamonds don't look any different to excellent quality mined/natural diamonds. In fact because they're grown in a controlled lab environment they're usually cleaner have a more consistent, cleaner quality stone without the variations or inclusions in most mined Diamonds that although can't be seen with the naked eye can stop a Diamond reaching it's maximum potential sparkle.
What about Coloured Diamonds?
Natural Diamonds are extremely rare - in fact only 1 in every 10,000 carats of Diamonds are coloured - that's just 0.0001% Of course this means the prices are sky high - its not uncommon for 1ct sized coloured Diamonds to sell for $500,000-$1,000,000 per carat!
Luckily we offer Pink, Yellow & Blue Diamonds which are simply breathtaking at a fraction of those prices Just like Natural Diamonds the colour is from a certain mineral inside the diamond that reacts with the Pure Carbon. The result is a standout stone that will stand the test of time.
At Storm Baker Jewellers we have a range of Lab Diamonds available in different shapes and sizes and we can even custom cut you a stone if we can't easily source it. We look forward to getting you Gorgeous, Ethical, Lab Diamond on your finger soon!