Mothers
The Times Real Estate

Weddings

Consumer Trends Lab Grown Diamonds for Diamond Engagement Rings

  • Written by mothers.net.au


Starting with the fact that when a lab grown diamond is compared to a natural diamond, they are totally identical to each other in terms of their physical properties and atomic structure, hence why would one pay almost 50% extra for a natural diamond when an identical lab grown diamond would cost much less. 

The only stark difference about the two types of diamonds is their origin and how they are produced, natural diamonds by Mother Nature over a billion years and lab grown diamonds by lab techs within weeks. 

Given the fact that lab grown diamonds are as beautiful, as hard and consist of the same atoms that natural diamonds do, but cost so much lesser at retails, it’s a no brainer that lab grown diamonds are quickly becoming popular among diamond enthusiasts. 

According to retail statistics, there has been a significant increase in the sale of lab grown diamond engagement rings not only because of the lower price as according to consumer research there are a number of other factors that are driving the sales of not just diamond engagement rings, but also other types of jewellery that are studded with lab grown diamonds. 

Read on to know about these other factors that have been driving the sales jewellery with lab grown diamonds over the last decade. 

First and foremost, it is the enhanced awareness of consumers about the fact that lab grown diamonds are identical to natural diamonds and the realisation that lab grown diamonds own up to better quality due to the controlled environments that they were curated within. 

Secondly, there is also the elements of unethical practices that have long been associated with natural diamonds that range from mining processes that impact the environment negatively, conflict diamonds, where proceeds are used to fund conflicts, and even child labour used in certain parts of the world to procure natural diamonds. 

Although, not all natural diamonds are linked to unethical these practices, the uncertainty is partly the reason behind the shift by consumers towards lab grown diamonds. 

Surveys highlight statements such as “I am proud of owning an engagement ring with a lab grown diamond on it, because I do not have to deal with the guilt that comes with natural diamonds”. 

Such statements advocate the popularity of lab grown diamonds and of course the fact that natural diamonds are so much more expensive, the fact that one could buy a bigger and more beautiful diamond engagement ring without burning a hole through their savings is undoubtedly also a big driver behind the rise in the popularity of lab grown diamonds.

It is a selling point as that although there is a huge difference in price, from the perspective of aesthetics and quality; one would acquire more satisfaction due to the lower lab grown price of buying diamonds minus the guilt. 

Consumers are better informed these days and they are also frugal with their spending which renders lab diamonds the more practical choice.

The Importance of Regular Dental Check-u…

Dental check-ups form the foundation of good oral health practices. These routine examinations allow dentists to assess your current oral health status, identify potential issues before they worsen, and provide...

Unveiling Your Radiant Best: Why Skin an…

In the bustling suburb of Bundoora, a sanctuary of skin health and aesthetic enhancement awaits. If you're searching for a reliable and expert Skin and Laser Clinic Bundoora, your quest...

How to Travel Australia with the Kids an…

Image by Envato Let’s Reflect on Past Family Holidays A big family caravanning trip is the classic way to travel around Australia. But it’s all fun and games until it turns into...

Level Up Your Career: Mastering the Exec…

The executive job search is a different beast altogether. It's not about responding to every open role; it's about strategic positioning, leveraging your network, and demonstrating your unique value proposition...

Why Last Mile Delivery is the Secret to …

Last mile delivery plays an important role in today’s fast-paced and on-demand economy. Demand has soared with over 2,000,000 active businesses in the Australian economy in 2024 alone, and the...

Sports Apparel Manufacturers in Vietnam:…

Vietnam has gained global recognition as a leading destination for sports apparel manufacturing. With a reputation for high-quality production, cost-effective pricing, and adherence to international standards, the Sports Apparel Manufacturers...