Lab created diamonds are less expensive than natural diamonds, it's true. This can save retailers money, but they might also have trouble turning the diamonds around. Synthetic diamond value is reliably far lesser than natural diamond value. Customers place a much higher value and priority on natural diamonds.
Natural vs. Synthetic History
It takes millions of years of work both natural and man made to bring a diamond into your hands. That journey holds a value that lab created diamonds simply can't match.
Lab created diamonds aren't as new as most think. Synthetic diamonds could be reliably and efficiently produced during the World War II era for a variety of applications, such as conductors and electronic components. They were far from gem-quality, plagued with impurities, inconsistent colors, and a range of other undesirable qualities.
It's only been in the past two decades that synthetic diamonds have even begun to challenge natural diamonds in terms of quality. However, there are still many telltale signs that are easily discovered in a diamond analysis.
Why Do Customers Prefer Natural?
This isn't the element that concerns customers, though. Their friends won't be coming around with diamond analysis experts to see if their diamonds are natural or not. Natural diamonds do come with some unique properties. They're less of a uniform color, for one. This influences their look of depth and shimmering qualities. Each diamond is unique, instead of looking just like the next of a batch.
The story itself really does hold meaning, however. Many diamonds are bought as a representation of lasting love and depth of caring. What does it say if the diamond you buy to symbolize that love and devotion is synthetic? A diamond millions of years in the making represents something that has already lasted beyond just about anything else we know. That meaning has a worth that lab created diamonds will never equal.
This bears out in the industry. Synthetic diamond value lags far beyond natural diamond value. This holds true for production, too. About 500,000 carats of lab created diamonds are sold in a given year – and this includes the bulk of them being sold for industry or scientific research. Compare this to 125 million carats of natural diamonds sold each year and the difference in desirability between the two is clear.
Do Synthetic Diamonds Have Value?
Simply put, of course synthetic diamonds have value. It's just not the value of a natural stone.
There's a reason K. Rosengart submits all its diamonds through a rigorous diamond analysis process. This is so the businesses we work with have all the information needed to show their own customers that a diamond is natural, graded, historied, and unique.
A diamond is more than a gem. It's also a symbol. Symbols must either retain what gives them their meaning, or they have no meaning at all. Making sure each diamond has meaning – its natural qualities and history – is of paramount importance to you and your customers.