Diamonds are precious gemstone that has been mined for centuries. However, there is now a new form of diamond that is being created in labs.
Lab-created diamonds are diamonds that were not found on Earth. They are created in a lab by combining carbon and other elements to create a diamond powder, and they have many potential uses.
What are Lab Created Diamonds?
Lab-created diamonds, also known as synthetic diamonds, are diamonds that have been created in a laboratory. These diamonds are made from carbon atoms that are heated and then forced into a diamond shape. They are not as expensive as natural diamonds, but they have some limitations. For example, they cannot be coloured, and they may not be as durable.
They are diamonds that have been created in a laboratory rather than mined from the ground.
How is a Lab Grown Diamond Made?
There are several ways to create a lab-grown diamond, but all of them involve a chemical reaction. The most common way to create a lab-grown diamond is by using carbon atoms from coal, oil, or other natural resources to create a diamondoid material. This material is then heated until it reaches around 1,000 degrees Fahrenheit, which causes the carbon atoms to join and form diamonds.
Another way how lab-grown diamonds are created is in a lab by growing diamond crystals on a substrate. The diamonds are grown under controlled conditions, and the process is similar to how natural diamonds are formed. The main difference between a lab-grown diamond and a natural diamond is that a lab-grown diamond has been created without any environmental exposure to Earth’s elements.
Value of Lab-Created Diamonds
The resale value of lab-created diamonds is lower than natural diamonds. This is because there are no guarantees that the diamond was mined from a reputable source. Many people believe that lab-created diamonds are not as beautiful as natural diamonds. However, over time, this perception may change as more people learn about lab-created diamonds and their unique properties.
The median resale value for a lab-created diamond is $2,800. This means that half of all diamonds sold at jewellery stores have a lower price. However, the average diamond has a resale value of more than $3,000. These high prices are because of the rarity of lab-created diamonds and the fact that they are often considered luxury items.
The resale value of lab-created diamonds has skyrocketed in recent years. In 2016, the global market for lab-created diamonds was worth an estimated $4.8 billion. This figure is expected to grow significantly over the next few years as the market becomes more saturated and consumers become more educated about the risks associated with buying synthetic diamonds. The primary reason for this increased value is that most lab-created diamonds are indistinguishable from natural diamonds in appearance and quality.
Things to Consider in Identifying Resale Value of Lab-Created Diamonds
A diamond’s resale value is often based on its size, colour and clarity. The resale value of lab diamonds has been steadily increasing in recent years. This is likely because more people realize the potential benefits of using diamond-derived products, such as lab diamonds.
Here are some key points to consider when it comes to the resale value of lab diamonds:
- The quality and purity of a diamond-derived product are crucial. This means that the diamond must be cut and graded correctly, and any impurities–such as nitrogen–must be removed.
- Lab diamonds have a reputation for their durability, which makes them ideal for a variety of applications, such as jewellery or eyeglasses.
- Lab-created diamond has four main categories of diamonds are: colourless, yellow, fancy blue and fancy pink. The best diamonds are usually those in the Fancy Blue or Fancy Pink categories because they have the highest resale values.
- Clarity is also important because it affects a diamond’s fire and brightness. Unlike other gems, diamond prices increase as the quality decreases.
Gia Certified Lab Grown Diamond
The Gia Certified Lab-grown diamond program was created to help improve the quality of diamonds and ensure their legitimacy. The program is designed to test diamonds for eight different characteristics, including cut, colour, clarity, fire and total weight. If a diamond fails any of the tests, it is not eligible for certification.
The aim of the program is to help consumers identify high-quality diamonds and avoid buying low-quality stones. In order to be certified, a diamond must pass all eight tests. There are two levels of certification: GIA Laboratory Quality (GIA LQ) and Better Than GIA Laboratory Quality (BTGIA). Only diamonds that meet the standards set by GIA at the BTGIA level can be called “Better Than GIA” diamonds.
Conclusion:
Lab-created diamonds are more environmentally friendly. They don’t require the labour or environmental impact of mining, and they can be customised to better suit a specific need.
- These benefits make lab-grown diamonds a valuable resource for consumers and businesses alike.
- Lab diamonds also have unique qualities that make them preferable for certain applications.
- While quality is still lower than traditional diamonds, lab-grown diamonds are on the rise, and their value is expected to continue to grow in the coming years.
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FAQs
How to tell if a diamond is lab-created?
To know if a diamond is lab-created, you need to look for certain characteristics. These include a low-quality rating from the GIA or AGS, low-quality cuts and facets, a lack of fire and ice, a decreased lustre, a lack of fire and brightness, and a low symmetry score. If you find any of these characteristics in a diamond, it’s likely that the diamond is not natural. If you’re unsure whether the diamond is lab created, always consult with a qualified jeweller.
How long do lab-grown diamonds last?
Lab-grown diamonds’ life depends on the use, but some claims that it is an average of 10 years. Although this may not seem like a long time, it’s important to note that diamonds are often treated and worn every day, so their lifespan is significantly increased over that of natural diamonds. As long as you take care of your lab-grown diamond, it should last a very long time.
Will the value of lab-grown diamonds eventually deflate?
It is too early to tell what the long-term value of lab-grown diamonds will be. It will probably take some time for the technology to catch on and for the market to develop a better understanding of the diamonds’ quality. However, as long as the diamonds are of high quality and meet consumer demand, their value should continue to grow.