Diamonds Produced In Laboratories Vs. Natural Diamonds

An engagement ring does not necessarily need to be made from diamond; there is wide range of designer engagement rings to choose from. If you are overwhelmed with the number of choices, a custom ring can be your ultimate expression of love. There are custom designs that can be made to order with any changes you like or you can have a ring customized from scratch with the help a design team.

However, if you are really decided on a diamond ring for a marriage proposal, make sure that you know the difference between diamonds that were grown inside a laboratory and those that were actually mined from far-flung corners of the world. Amish Shah belongs to third generation of a family that worked in the diamond business. They were the first to sell diamonds that came from laboratories.

The process of growing diamonds inside laboratories threatened to shakeup the $80 billion diamond industry that used love and marriage for their promotions. Machines can now produce the valuable stones by mimicking the conditions at the earth’s core. The laboratory-produced diamonds are closely identical to the natural stones that take billions of years to create below the ground.

According to Mr. Shah, diamonds that are grown inside laboratories have better quality and cost less than the original. He also expects the created diamonds to be more attractive to consumers because of their smaller carbon footprints. The present supply of “synthetic diamonds” as some critics describe them is only about 2% of the total supply although it is expected to reach 30% by 2030.

For a greater part of the 20th century, De Beers have dominated the market for diamonds. To date, the company controls about 30% of the world’s supply of mined diamonds with mining operations stretching from South Africa to Canada.

Before you start choosing from the collection of designer engagement rings, make sure that you have a comfortable budget. The adage that an engagement ring must be worth 3 months of salary is not true because it is smarter to spend according to your financial situation. It goes without saying that diamond engagement rings are popular but there are other gemstones that can be considered.