MoneyKubera aims to educate, assist, and protect you on your journey of selecting the right diamond.
Each diamond represents something unique. A diamond engagement ring indicates a lover’s or spouse’s love, whereas a diamond necklace from parents represents their love and pride in their child. There is usually a story behind each diamond in a woman’s collection.
The majority of naturally occurring diamonds on the market today originated deep under the planet’s surface, in the planet’s mantle layer. Carbon rearranged on an atomic level after billions of years of high heat and pressure, resulting in the solid form of a diamond. Deep-source volcanic eruptions brought diamonds closer to the surface via kimberlite pipes in places of the world where the circumstances and temperatures were favourable for diamond formation. “Diamonds are fractured in the process, creating more little bits than large chunks.”
Lab grown diamonds, on the other hand, are grown through technological methods in labs. Lab grown diamonds, also known as eco-friendly diamonds, are produced in an ethical manner with no direct or indirect influence on the environment.
Diamond mining has caused lasting environmental impact. According to reports, it takes around 1750 tones of soil to dig a 1.0ct diamond. While some diamond mining businesses adhere to environmental rehabilitation requirements to guarantee that the area is refilled, it is physically impossible to restore the pit to its previous condition. There are no regulations in certain areas.
Diamond mining damages the land if not well managed. Mining causes vast amounts of waste rock, sand, and dirt to collect in the surrounding areas. This garbage must be properly managed and rehabilitated. A lot of uncontrolled and illicit diamond mines are not managing it, resulting in land devastation and imbalance. Large-scale excavations and coastal change have resulted from marine and coastal mining. When eco-friendly diamonds are created in labs, there is no such environmental impact. Diamonds made in laboratories are developed in safe conditions that adhere to environmental rules.
Lab-created diamonds, unlike mined diamonds, do not pollute the air or water. Lab produced diamonds, often known as eco-friendly diamonds, are grown in miniature diamond growth chambers within secure labs. They generate a negligible amount of garbage. The garbage generated by these labs is recycled and disposed of in environmentally responsible ways. Energy use and emissions from diamond growing laboratories are minimal.
The worldwide diamond market was worth USD 89.18 billion in 2019 and is predicted to increase at a 3.0% compound annual growth rate (CAGR) from 2020 to 2030. The industry’s expansion may be ascribed mostly to increased demand from jewellery applications, particularly in Asia Pacific’s expanding countries like as India and China.
The worldwide lab grown diamonds market was valued at $19.3 billion in 2020 and is expected to reach $49.9 billion by 2030, growing at a 9.4% CAGR between 2021 and 2030. In terms of lab grown diamonds market share, the CVD category dominated in 2020 and is likely to maintain its dominance during the forecast period.
MoneyKubera is part of Truoosh Media. Truoosh Media is home to 8 digital media brands, reaching Millennial and Gen Z audiences in India.
These include Truoosh, The Double Battery, Startup Glue, Money Kubera, Chul Daily, Daily Gedi and Vancouver Wale. Our brands empower, entertain, and engage young readers through storytelling and commentary.
At Truoosh Media, we respond to the ever-changing needs of modern audiences, creators, and marketers by leveraging innovative technology that scales quality. Truoosh Media is a cornerstone of modern media because of our wit, passion, and sharp commentary.