{"id":182,"date":"2024-02-21T18:16:45","date_gmt":"2024-02-21T23:16:45","guid":{"rendered":"https:\/\/labgrowndiamondscalgary.com\/?p=182"},"modified":"2024-02-22T13:41:24","modified_gmt":"2024-02-22T18:41:24","slug":"marketing-or-sabotage-are-lab-grown-diamonds-bad","status":"publish","type":"post","link":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/marketing-or-sabotage-are-lab-grown-diamonds-bad\/","title":{"rendered":"Marketing or Sabotage: Are lab-grown diamonds bad?"},"content":{"rendered":"\n

There have been a number of articles in social and traditional media claiming how bad lab grown
diamonds are. Is it true?<\/strong> Let\u2019s be honest the answer is \u201cno\u201d they are not bad. They offer an option that
is less costly. Where the \u201cbad\u201d comes from is that naturally sourced diamond suppliers have been
impacted by the very quick and large move in the market from naturally sourced diamonds to lab grown
diamonds. The companies that sell mined diamonds do not want to lose market share and are pushing
with a full-on assault through media to discredit lab grown diamonds.<\/p>\n\n\n\n

Diamonds, specifically, mined diamonds do a lot of good (https:\/\/www.diamondsdogood.com\/<\/a>). This
isn\u2019t a case of mined diamonds \u201cbad\u201d, and lab grown diamonds \u201cgood\u201d. They are two very different
market streams. While they do compete for the same market, the buying decision is based on very
different buying choices.
Dive down the rabbit hole!<\/p>\n\n\n\n

    \n
  1. Lab grown diamonds have been \u2018greenwashed\u2019 to suggest they are more environmentally
    friendly. I would like to suggest that there is virtually nothing that is made by man or mined
    by man that does not have some impact on the earth. The question is how much impact.
    Currently about 95% of lab grown diamonds are made from power that is supplied by coal
    burning sources. The amount of carbon footprint per diamond for both lab grown and
    mined is very similar. That means that lab grown are not perfectly clean, but neither are
    mined diamonds. In this point they are close to equal. A lot of people won\u2019t like to read
    this, but if you want to reduce your carbon footprint, stop eating meat.<\/li>\n\n\n\n
  2. Lab grown diamonds are more sustainable. This is not the same as environmentally friendly.
    These two points are mixed to make things sound more acceptable, but they are
    independent of each other. What I mean by this is that \u2018sustainable\u2019 means the ability to
    maintain production. Naturally mined diamonds are running out. There hasn\u2019t been a new
    diamond mine that is commercially viable opened in decades. The current mines are
    investing in underground mining to keep the mines in production. Lab grown diamonds are
    sustainable in the extreme. Man controls the growth and the amount to be produced. As
    long as there is carbon, which is in abundance, and energy, which will always be present,
    man can make diamonds. That means that lab grown diamonds are more sustainable.<\/li>\n\n\n\n
  3. Are lab-grown diamonds real diamonds? Again, a lot of mentions in the news as to what is
    real and what isn\u2019t real. Short answer, lab grown diamonds are real diamonds. Saying they
    are \u2018lab grown\u201d almost makes then sound artificial. The problem has been that some
    government employees with little discussion with the jewelry trade came up with some
    names for lab grown diamonds and it has become law. However, not all countries are the
    same. In France, they are called synthetic diamonds, while in North America they are called
    laboratory grown diamonds. Typically, in the public\u2019s mind, the use of \u2018synthetic\u2019 suggests a
    lower quality. Sometimes, the word \u2018imitation\u2019 is used for items that look similar. The
    correct use of the terms is not interchangeable. Synthetic items as in gemstones and
    diamonds are actually identical chemical composition to their natural counterpart.

    Imitation is basically a fake item that may look the same but is not the same chemical composition. An example of imitation might be blue glass is an imitation of a blue sapphire. Generally speaking, when diamonds are called synthetic, it is often used to make them sound less attractive or cheaper. Well, they are \u2018cheaper\u2019 in cost but not in their
    composition.<\/li>\n\n\n\n
  4. When companies are forced to suspend mining, sales in the market drop precipitously and
    force down prices of items already in the market, these companies start to realize they have
    to fight for their market. Sometimes this isn\u2019t done fairly. The majority of naturally mined
    diamond companies are ethical. They are just now starting to find better ways to market
    their product without criticizing lab grown diamonds. Put it simply, the fight centers around
    two fundamentally differing points. The mined diamonds are rare, limited in sources and
    becoming rarer to find, especially in higher qualities. Lab grown diamonds provide an
    identical look at a fraction of the price. Rarity vs price: it is that simple.<\/li>\n\n\n\n
  5. Lab grown diamonds will have no value in a year.<\/strong> This is where everyone needs to
    understand that jewellery is often sold by stores as a great investment. Not true! Maybe if
    the investment is an emotional one where the item is a symbol of love then yes, it is a great
    investment (Warning here, I am a very sentimental person, so biased). Whether natural or
    mined diamonds, don\u2019t buy them with the belief they will go up in price. Yes, there are
    diamonds that come up for sale in very rare auction houses that sell for enormous amounts
    of money. These are exceptionally rare diamonds. It is unlikely that the diamond you buy is
    exceptionally rare enough to increase in value. Currently, not many stores will buy back lab
    diamonds. However, if you have bought a mined diamond and a couple years later go to sell
    it, grab a chair! Perfect example that happened this week; 100% true. A young guy came in
    to my store and wanted to trade in his ring from a mall store. Purchased a year ago for
    $1500 and given an appraisal stating it was worth $1800. The ring was light and the
    diamond a low quality. The best I could offer him was $150. If you look at diamond
    purchases for resale value, then regardless of mined or lab grown origin you are going to
    take a loss.<\/li>\n<\/ol>\n\n\n\n

    Which one is the best diamond for you?<\/strong> That is really what all of the discussion comes to. The best one
    for you is based on the price you want to pay, the look you want to offer (meaning the size) and what
    you and the person receiving the ring want out of the symbolism of the gift.<\/p>\n","protected":false},"excerpt":{"rendered":"

    There have been a number of articles in social and traditional media claiming how bad lab growndiamonds are. Is it true? Let\u2019s be honest the answer is \u201cno\u201d they are not bad. They offer an option thatis less costly. Where the \u201cbad\u201d comes from is that naturally sourced diamond suppliers have beenimpacted by the very […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-182","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/posts\/182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":0,"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"wp:attachment":[{"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/labgrowndiamondscalgary.com\/sitefiles\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}