The Future of Lab Grown Diamonds vs Real Diamonds

 

“I do not believe you can do today’s job with yesterday’s methods and be in business tomorrow.”- Horatio Nelson Jackson, American Physician and Automobile Pioneer  

At La Bijouterie, we believe in innovation, as it’s the key to success in almost any industry. When Lab Grown Diamonds (LGD) joined the greater diamond discussion a few years ago, we knew it was time to start educating our customers in new ways, and share the depth of knowledge we have about the diamond industry as a whole. It was time to focus on the future. Because of this, we have an obligation to be upfront and factual in the information we share, and present it in a way that is unbiased and educational as it relates to Lab Grown vs Real Diamonds. 

Educating our clients brought up many questions, but one in particular we feel is worth a longer explanation...

What place does a lab made diamond have in the future, especially compared to real, naturally occurring diamonds? 

Our hope is this blog post will be part of that greater conversation for you. Know that the best way to find out the answer to this question is to book a virtual or in-person 1:1 appointment to further the discussion in order to make your own educated decision. Then you will have the opportunity to ask as many questions as you’d like.

What is a Lab Grown Diamond (LGD)?

A lab-grown diamond is a man-made product that shares the chemical and optical properties of natural diamonds, but whose origin and value differ greatly. Lab-grown diamonds are produced in factories in approximately 2-3 weeks using one of two methods originally developed in the 1960s for industrial purposes – HPHT and CVD. These methods artificially replicate natural conditions found in the Earth, forcing carbon atoms into a crystal structure. In more recent years, technology improvements have allowed factories to produce lab-grown diamonds in qualities that allow for uses beyond industrial. (Source)

So Are LGDs Actual Diamonds?

Although their chemical structure is the same as a natural diamond, according to the Federal Trade Commission (FTC) a lab-created diamond cannot be called “real” because it does not come from the Earth and it is not a gemstone. (Source)

By this point, you may be feeling confused. How are you supposed to make a decision on whether to move forward with a naturally occurring diamond, (and which one?) vs one that is Lab Grown? Why is the word diamond in the title if they are not in fact diamonds? Do real diamonds hold their value? What about pricing? The environment? 

Other Expert Opinions

In trying to differentiate natural diamonds from the lab grown alternative, the Natural Diamond Council quite truthfully underscores natural diamonds rarity.

“Natural diamonds are finite and rare. Diamonds are becoming rarer every day because no new significant deposits have been discovered in about 30 years,” it states. “However, lab-grown diamonds can be manufactured in potentially unlimited quantities similar to any manufactured product, thus they are not finite and cannot be considered rare.”

To which, the NDC adds, “Natural diamonds obtain their value from their scarcity as a natural, billion-year-old precious gem and have shown over decades to grow in value as they become more rare.”

There are a lot of things to consider here, and we’ve found one of the most important things to consider is Price vs Value. 

Price vs Value

In its 2019 report, Bain gave more specifics, noting the lab-grown market grew 15% to 20% in 2019, following a similar trajectory in 2018.

That increase is credited to “the widening price differential of lab-grown diamonds versus natural ones and campaigns that leveraged the ‘green’ benefits of manufactured stones,” the report states. (Source)

When it comes to value, you can’t put a price on rarity. As basic economics states, once demand goes up, and inventory goes down, price goes up. So where does this leave us, as each claim they are better than the other for different reasons? More importantly, where does the future of Lab Grown Diamonds lie? Well that answer is entirely up to you as the consumer. 

At La Bijouterie, our sole purpose is to help couples achieve a milestone moment in their lives any way we can. We believe in quality over quantity, and educating always. Before pulling the trigger on such an important decision, book a no stress 30 minute 1:1 appointment.

At Your Service,

Set F.

Founder, La Bijouterie 

 

Colored Gemstones Are Taking Center Stage

 

 

Don’t be like the rest of them darling.” - Coco Chanel. 

In the wise words of Coco Chanel herself, being different and being daring is what gives life it’s luster. Although diamonds may be your best friend, colored gemstones are adding lots of sparkle when it comes to engagement rings, milestone jewelry and heirloom pieces. 

Colored gemstones such as rubies, sapphires, colored diamonds and emeralds are some of the rarest and most precious stones to own. Check out this historic 6-carat Farness Blue Diamond to get an idea. 

Today, Millennials are changing the engagement ring market quite a bit, as we are beginning to see a shift in engagement ring preferences. Although brilliant diamonds still reign supreme, more and more gemstone seekers are opting for colored stones and rings made out of unique materials. 

A Bit of History

Engagement rings originated in Rome and interestingly enough, did not originally include diamonds, but instead, colored gemstones. It wasn’t until the late 1940’s that diamonds gained popularity. As a matter of fact, pastel colored diamonds are quickly gaining popularity this year. Check out our Latest Trends for 2021 to learn more. 

The Sapphire

When it comes to adding color to your jewelry ensemble, there’s more that meets the eye than hue alone. Take Sapphires for example. Arguably, the gemstone of royalty, and often associated with a deep blue color, hello Kate Middleton, Sapphires actually come in every color, with the exception of red. Due to their hardness, sapphires are the second hardest (non-diamond) gem, as well as the most sought after. Their deep rich color and complex properties make them an excellent choice when it comes to creating an engagement ring, milestone gift, or simply as a way to say I love you to your Valentine. Check out this ocean blue Sapphire ring for inspiration.

 

Emeralds

It may not be easy being green, but if you’re an emerald, it sure is beautiful. Understood to be Cleopatra’s gem of choice, Emerald gemstones range in green shades from light to a deep dark color. Like Sapphire’s, Emeralds have a hardness of 8, though do require a little extra TLC. Their unique inclusions and fractures require a routine tune up of oil and filler, but their stunning color makes it all worth it. Check out this stunning Oval Emerald Engagement Ring with a Diamond Halo.

 

Rubies

A gemstone by any other name, wouldn’t look so sweet. It may come as no surprise the rubies are often associated with love and the heart, which make this gemstone the most universally romantic. When set in an engagement ring, it makes a striking statement. Like a Sapphire, it’s hardness and durability make it a great choice for an engagement ring setting.  According to GemSociety, “Pigeon blood red,” a slightly purplish red with a medium-dark tone and vivid saturation, is the most sought after ruby color. Check out this incredible Art Deco Ruby Ring or these Ruby Earrings with a Diamond Halo

 

Colored Diamonds

Did you know Roughly 1 in 10,000 diamonds exhibits natural color? Those with the most intense colors are prized more highly and, thus, cost more. Colored diamond options include bold canary yellow, sparkling pink, pastel green, eye-catching black, and champagne. Pink diamonds rank among the most expensive according to Gem Society due to their muted, yet sophisticated color. Perhaps this Yellow Oval Diamond Ring will make your heart beat a little faster. 

Looking to give someone you love the gift of a lifetime? Book a no stress appointment today. We look forward to helping you create a one-of-a-kind piece. 

Merci,

Set F.

Founder of La Bijouterie

How to Buy The Perfect Diamond To Last a Lifetime In 4 Simple Steps

 

So you’re thinking of buying that special someone in your life a piece of timeless jewelry, or more specifically, a diamond ring, but where do you even begin?

This is a question we love to simplify for potential buyers because let’s face it, diamond buying can get overwhelming. Typically speaking, having an initial meeting with your jeweler 4 months before you’d like to propose is what we would recommend. With that said, there are certain rings that need far less lead time.

Below we’ve broken down “How to Buy the Perfect Diamond” into four simple steps for consideration:

Step 1: Play Detective

It’s important to have an idea as to what style jewelry your partner typically wears. Are they into bulky style jewelry or more minimal, dainty jewelry? Do they like gold, white gold or platinum? What about diamond shape, have they ever mentioned a style or pointed to a ring they like? Having a general understanding of these answers will help you when making your decision.

When it comes to size, this can be tricky. If you want to keep everything a surprise, you can try to measure by “borrowing” a ring they typically wear and getting it sized, or having them try on one of your rings to get a general idea. Also, never underestimate their friends. Who knows, their BFF might already be prepared for this question.

Ring Design Pro tip: Search their name on Pinterest to see if they’ve pinned any engagement ring styles, as this could be your north star. Otherwise, check out our list of Engagement Rings Trends for 2021 for a little inspiration.

Step 2: Search out some reputable jewelry stores

From Yelp to Google, spending a little time finding a local store that has good reviews, (and plenty of them), is important. You want to find a jeweler you feel you can trust and ask questions to in-person or over the phone. This will likely be the most important part of your shopping experience. 

Any jeweler worth your time should have no problem sitting down and educating you on the GIA and AGS grading scale of the 4 C’s, (Cut, Clarity, Color and Carat), as well as how their process typically works. 

Do they custom create the ring for you or do they have rings available to buy off their display, or both? We often get asked our thoughts on buying a diamond online, you can read our full post on why we think local connections are so important

Step 3: Start creating a plan

You definitely don’t need to have it all figured out, as a matter of fact, we hope you don’t, but it is important to have a general understanding of how much you would like to spend, and a list of questions or concerns you’d like to address. Your budget will help determine things like diamond carat size, clarity and color. Check out our Diamond Education Page for more information, specifically the 4 C’s of Diamond Buying. 

Step 4: Book an Appointment

We believe the only way to truly understand what you’re looking for and provide you with the attention you deserve is through an appointment. This enables us to talk through a budget you’re comfortable with and show you some of our many designs. We see the appointment phase in 3 easy steps:

First, we sit down and get to know you. Unlike other stores, we pride ourselves on the relationships we build with our customers. Ask us any questions you may have or share any concerns that might be lingering and let us show you what being part of the La Bijouterie family is all about.

Second, we find your diamond. No matter your preference on cut, color, clarity, carat size and cost, we can find you the perfect diamond at prices that work for your budget.

Lastly, together we design your ring. From sketches and Pinterest pictures, we have seen and heard it all. Let us help guide you to create the perfect ring to last a lifetime. 

Curious to get some additional questions answered right away? Check out our FAQ page. Looking to get started? Book an appointment today, we can’t wait to begin this journey with you.

Merci,

Set F.

Founder of La Bijouterie

Financing provided by Wells Fargo Bank, N.A. with approved credit

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