The holidays are significant for jewellery sales, whether you’re getting down on one knee or wanting to make this Christmas particularly memorable.
While diamonds are a girl’s best friend, prices for mined, natural diamonds have skyrocketed in recent years. Lab-grown diamonds are the most popular money-saving fad right now. According to Eric Fehr of Richter and Phillips Jewelers, lab-grown diamonds seem identical to real stones, unlike cubic zirconia, which is easily identified.
“This is the natural…. this is the lab,” he remarked, comparing two diamonds. We couldn’t detect the difference, even when it came to how they reflected light. According to Fehr, they may save you hundreds of dollars compared to a mined diamond, but only an expert can identify the difference. “It’s going to be impossible to tell to the trained eye with an ocular test,” he stated. “So they’re becoming more popular among those looking for a lot of bang for their cash.”
With the epidemic and inflation, you’d think people would spend less on jewellery. According to Edahn Golan, a diamond industry expert, COVID achieved the opposite, providing individuals a cause to propose or at least buy something exceptional. He claims that before to the epidemic, lab-grown diamonds accounted for around 4% of the market. They are now at 10%. Thanks to video chats and remote working, lab-grown stud earrings have been a big seller in recent years, according to Golan. “You won’t see the necklace, bracelet, or ring, but you will definitely see earrings,” Golan said during a Zoom call.
According to Golan, a lab-created diamond costs 60-70% less than a genuine diamond of the same size. He suggested saving money, pocketing the difference, or purchasing something larger. “People said I want to maximise my spending, so give me a better diamond,” Golan explained. Fehr agrees that diamonds can never go wrong and that this is a terrific way to save money. “If they want a 4-carat but don’t have $40,0000 to spend, it’s a much cheaper alternative,” Fehr said. Lab-grown gives you the same look for much less money; this saves you money.
Natural diamonds and lab grown diamonds cannot be differentiated by the naked eye. Natural diamonds contain trace levels of nitrogen, but lab grown diamonds have none. This is one of the indicators gemologists use to determine whether a diamond is lab created or natural.
Lab grown diamonds and mined diamonds are anatomically, chemically, and physically identical, making it impossible to distinguish between the two. Without specialised equipment, jewellers and gemologists cannot identify the difference between mined and lab generated diamonds.
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