Editor’s Note
This article explores the rapid ascent of lab-grown diamonds, tracing their journey from a negligible market presence to a significant and growing challenger to natural stones. We examine the factors driving this shift and its implications for the future of the industry.
In 2010, the market for lab-grown diamonds was almost non-existent. By the end of 2019, natural diamonds held a 93% market share, but gradually, the demand for lab-grown diamonds has increased rapidly.
A diamond is forever, whether it comes from deep within the earth, buried for billions of years, or from a scientific lab. But, is a lab-made diamond fake? If not, why is a lab-grown diamond cheaper and a mined diamond more expensive? These are the questions that always linger in the mind of an average buyer. The market for Lab Grown Diamonds has grown rapidly in the past few years.
However, even today, people do not have much information about lab-grown diamonds.