When shopping for a diamond, it's crucial to understand the difference between natural and lab-grown diamonds. To help you enjoy and navigate through your diamond shopping journey, we've outlined the key differences between the two types of diamonds, natural and lab-grown.
How are diamonds formed?
Natural diamonds are created deep within the Earth's mantle by heat and pressure over billions of years, making them one of the oldest natural substances known to humanity. Natural diamonds are the oldest thing you will ever touch. Following their formation, the diamonds are blasted to the surface through volcanic eruptions and are frequently discovered within ancient kimberlite pipes. While natural diamonds are commonly referred to as 'mined' diamonds, it's worth noting that some are retrieved without traditional mining methods.
In contrast, lab-grown diamonds are meticulously cultivated within controlled laboratory settings, employing sophisticated technology to replicate the natural diamond-growing process. Lab-grown diamonds’ quick growth process makes them easily identifiable from natural diamonds using a proper tester despite sharing similar physical and optical characteristics.
Are diamonds rare and valuable?
Consider this: The combined quantity of natural diamonds one carat or more acquired in a year would merely fill one exercise ball. The value of a natural diamond stems from its unique status as a finite, unadulterated gem of nature. This exceptional rarity and exclusivity contribute significantly to the enduring worth of natural diamonds. Over the past 35 years, natural diamonds have exhibited a consistent price appreciation averaging around 3% annually. Their ability to retain intrinsic value over time renders them not just precious gems, but also cherished heirlooms.
Lab-grown diamonds however are manufactured products that can be mass-produced and replicated in limitless quantities. Notably, between 2016 and 2023, the prices of laboratory-grown diamonds plummeted by over 70%.
What is the Environmental Impact of diamonds?
The environmental impact of natural diamond mining is carefully managed by responsible mining practices, including land restoration and conservation efforts. Researchers are utilizing kimberlite rocks, where diamonds are found, to absorb carbon dioxide as part of an innovative initiative aimed at achieving carbon neutrality within the decade. Moreover, natural diamond companies dedicate three times the land they use for mining to environmental conservation efforts. In natural diamond recovery, no toxic chemical by-products are involved, and the extracted diamonds are easily separated from the host rock. The leftover rock is stored on-site and reused to restore the land after mine closure.
Lab-grown diamonds are manufactured using electricity and machinery to replicate Earth's conditions, requiring high temperatures and pressure. This process consumes significant amounts of water for reactor cooling. While some production facilities use hydropower as an alternative to fossil fuels, this remains limited in the laboratory-created diamond market, with around 60% of lab-grown diamonds produced in regions heavily reliant on coal.
What do Diamonds Symbolize?
The term "diamond" originates from the Greek word "adamas," meaning unbreakable or unalterable. Dating back almost 4,000 years, natural diamonds have captivated humanity with their unparalleled attributes, symbolizing strength, resilience, and power. Ancient Greeks dubbed them "adamas," signifying unbreakable, akin to love. Mythology depicts Cupid's arrows adorned with diamonds, believed to enhance love. The tradition of diamond engagement rings began in 1477, solidifying their status as the ultimate symbol of love across cultures and through the ages.
Are Diamonds Sustainabie?
The natural diamond industry sustains the livelihoods of 10 million people worldwide. Leading diamond producers generate $16 billion annually in positive socioeconomic and environmental benefits, with 80% benefiting local communities. Countries like Botswana and remote regions like Canada's far North have experienced significant transformation due to natural diamond discoveries. Conversely, wealth generated by lab-grown diamond companies primarily benefits select venture capitalists and investors, lacking similar demonstrated socioeconomic contributions as the natural diamond industry.
At La Mine d'Or Jewellers
We recognize the importance of informed decision-making when it comes to selecting the perfect diamond jewellery piece. Our team is committed to providing transparent information and personalized guidance to help you make the right choice for your needs and preferences.
Discover the beauty of natural diamonds at La Mine d'Or Jewellers. Visit our store locations in Halifax, NS and Moncton, NB to explore our exquisite collection and experience unparalleled service.