Lab grown diamonds Malaysia are diamonds that are grown in the lab rather than mined from the earth. These diamonds are chemically and physically identical to mined diamonds and are less expensive. This has resulted in them being used in the manufacturing of jewellery and other high value items.
Chemically, physically and optically identical to mined diamonds
A lab grown diamond is chemically, physically, and optically identical to a mined diamond. In fact, even the expert jewelers cannot tell the difference. The only difference is the origin. Mined diamonds are formed from the earth’s mantle, while lab-grown diamonds are created in a laboratory.
Mined diamonds are formed by the intense pressure and heat of the earth’s mantle. Most of them were formed between one billion and three billion years ago. During the formation, the carbon atoms combine in high temperature chambers. This allows the atoms to grow faster and create a stronger diamond.
The exact process of creating diamonds is still not fully understood, but scientists believe that the carbon dioxide gas reserves in the deep underground can serve as the source of modern day diamonds. Diamonds are the hardest mineral on the earth.
Natural diamonds are formed in the earth’s mantle, which is a 100-mile-deep layer beneath the surface. These diamonds are formed from pure carbon crystalized in an isometric cubic system.
Less expensive than mined diamonds
There is a newer, less expensive alternative to mined diamonds. These are called lab grown diamonds. They are created by subjecting carbon to high temperature and pressure. While they are not perfect replicas of a real diamond, they have the same chemical and physical properties.
However, the actual cost of these gems is still being debated. Some estimates put the cost of a lab grown diamond in the range of 30-40 percent lower than a mined one.
The reason for this difference is that a mined diamond has a long and laborious process to be extracted from the ground. This means that the cost is based on the cost of mining and not on its value.
Lab grown diamonds London have come a long way. They are now produced in a laboratory, in a controlled environment. As a result, they are easier to grow and have the same chemical and optical properties as a natural diamond.
While they do not have the same sparkle or fire as a natural diamond, they are not a bad choice. A 1 carat, D/E-color lab-grown diamond is roughly the same price as a mined diamond of the same quality.
Flexibility and reduce wastage
Lab grown diamonds are one of the most environmentally friendly jewelry items available. This trend is growing with many jewelry companies using the product to reduce the environmental impact of their products.
A study published by Frost & Sullivan indicates that lab grown diamonds have a much lower carbon footprint than mined diamonds. They require about 50 percent less energy to create. In addition, they produce 95 percent less carbon emissions.
Another benefit of the process is that they are more cost-effective. While a rough carat of mined diamond will take approximately six months to two years to be crafted, lab-grown diamonds can be crafted in just weeks. The process involves no land, water, or other natural resources.
Many of the world’s leading jewelry brands are choosing to use lab-grown diamonds to make their products more sustainable. Consumers want to feel good about their purchases. However, there are some issues with the industry.
Lab-grown diamonds are not always conflict-free. For example, there are a number of businesses that are producing artificial diamonds from cremated human remains.
Impact of sanctions on lab-grown diamonds
Sanctions against Russia are affecting the global supply of diamonds used in jewelry. While there is still a lack of clarity on the long-term effects of the sanctions, many experts predict that they will result in a two-digit price jump for diamonds in the coming months.
The first wave of the sanctions didn’t ban purchases of Russian diamonds, but if they continue to halt sales of these gems, the diamond industry may face chaos.
A ban on Alrosa diamonds could spur consumers to opt for lab-grown diamonds. Alrosa, a state-backed Russian diamond miner, accounts for almost a third of global supply. It’s also a leader in green technology. In its sustainability report, Alrosa states that it is working on a carbon capture initiative.
But while the company may not be affected by the sanctions, it’s possible that they will be affected by the macroeconomic impact of the war in Ukraine. Consumer spending is expected to be lower due to the conflict.