Producers of synthetic diamonds says they can now produce lab-grown diamonds in a just a few weeks.
Producers of synthetic diamonds claim these lab-grown diamonds are identical to the mined stones and more ethical.
According to them lab-grown diamonds are also around a third cheaper. In an attempt to disrupt the disruptors, established diamond companies, including De Beers, are now producing their own lab-grown diamonds.
Synthetic diamond (also known as laboratory-grown diamond) is diamond produced by a controlled process, as contrasted with natural diamond created by geological processes or imitation diamond made of non-diamond material that appears similar to diamond.
But, what is the difference between a lab-made diamond and a mined diamond? Nothing. From a value perspective, the difference is enormous. Also, from a chemical perspective, lab grown diamonds have the exact same chemical composition to that of a mined diamond.