As a business person, investing in lab-grown diamonds might be the crux of the matter. It won’t be easy to conclude that it will be a good investment for you. But then, making such a decision will be easier if you have proper insight and tips from experts.
This article will explain why you should invest in the lab-grown diamond business. The article discusses various reasons why lab-grown diamonds are sustainable. Read to the end to decide if this is the business you’d want to invest your money in today.
Let’s get into the reasons to enter the lab-grown diamond business.
1. Lab-Grown Diamonds are Conflict-Free
If you are interested in diamonds, you might have watched the movie, ‘Blood Diamond’. Since its release, many people have lost interest in the diamond industry. Their perception is that all the diamonds in the world are from civil wars and human rights abuse.
But it is only mined diamonds that got people thinking this way. Lab-grown diamonds are ethically sourced and are not surrounded by such issues. Thus, people who are very sensitive to abuse and unfair labor could go in for lab-grown diamonds.
You do not need to fear getting losses if entering the lab-grown diamond business. People have more peace of mind with these diamonds in comparison with natural ones. This leads to increasing demand over time.
In a world where people are being more aware of society, natural diamonds are put in a bad light. Thus, there is a higher chance that if one must buy a diamond, if so, the first thing they’d look for is the engineered one.
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2. Identical With Natural Diamonds
Separating conflict diamonds and conflict-free diamonds is impossible. This is one fact that sways most buyers to lab-grown diamonds.
The first thought is that artificial diamonds might be different from natural ones. But that’s not the case. It is safe to say that lab-grown diamonds are real and it isn’t easy to differentiate between the two types.
Natural diamonds are up there because of their hardness. And lab-grown diamonds are no different. Experts rate natural diamonds at ten on the Mohs scale to show the hardness of minerals. The good news is that these lab-grown diamonds also have gotten rated ten on the same scale.
That means you won’t go wrong if you want to venture into the manufacture of engagement rings or tennis bracelets. In fact, they are identical in hardness, chemical compounds, and even physical properties. The fact is, No one could tell the difference.
3. Good for the Environment
Most businesses are shifting to more environmentally-friendly operations. If you are a conservationist, you might be wondering if lab-grown diamonds are worth investing. The reality is that lab-grown diamonds are eco-friendly however, mined diamonds are not.
Consider the process of obtaining either type of diamond. For natural ones, you need to drill deep into the earth. The machines miners use to extract the diamond require energy and fuel resulting in harmful emissions. Sometimes accessing the mineral also involves the use of explosives.
Thus, diamond mining can have a significant impact on the environment. It is an excellent idea to invest in a lab-grown diamond as an environment enthusiast. Manufacturing diamonds requires energy too. But, the energy requirements and emissions won’t be as much as for mining.
4. Different Weight Options to Consider
People interested in the diamond industry must have heard of carat weight. But most people think carat weight is about the size of a diamond. The reality is that carat weight is the actual weight of a diamond. If you are a novice, you now have a background view of it.
Lab diamonds do not limit you on how big you can go. They offer larger carat weight sizes, giving them an edge over natural diamonds. A lab company can therefore grow their diamond as much as they wish. It is easier to do this in the lab, giving people more options.
Besides, it can be expensive to go more significant with natural diamonds. This is so if you are on a budget. But then, it is easier to do when dealing with lab-grown diamonds. You can go bigger but not overstretch your budget like you would have if you went for a natural diamond.
5. Better Clarity
Another factor that should cross your mind is the clarity of a diamond. An ideal pick is free of inclusions or blemishes when looked at with a naked eye. But this doesn’t mean that it has to be free from any flaws. There could be some flaws only seen under magnification.
Natural diamond comes with lots of inclusions and blemishes. Diamond develops them as it grows in its natural environment or as the jeweler facets it. These inclusions and blemishes can affect the durability of diamonds. This is if it gets stuck at the point where it has a flaw.
Lab diamonds do not come into contact with other minerals and elements. This means they do not end up with as many inclusions and blemishes. The fact that they get isolated in the lab makes them have better clarity than natural ones. This, in turn, makes them perfect for jewelry.
Some inclusions that might be there in a lab-grown diamond won’t be easy to notice. This explains why there’s more jewelry made from lab-grown than natural diamonds. Most people want their jewelry to look as clear as possible. Thus, they will prefer engineered diamonds to mined diamonds.
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Conclusion
Every business person today focuses on the sustainability of an idea. You cannot invest where you do not hope to get good returns in the long run. People invest for their future, so it’s good to be sure that your future is secure. This article has delved into the sustainability of this business.
If you were doubtful it would offer the desired returns; you now have a hint. It is now clear that lab-grown diamonds are a better pick than natural diamonds. They are more available and affordable. Also, they do not necessitate mining which degrades the environment.
You now have an idea about the lab-grown diamond business. As you can see, you won’t go wrong if you invest in it. You have a better and clearer understanding of it.
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