The Cost of Clarity: Natural vs. Lab-Grown Diamonds Explored

The Natural Diamond Council's Laboratory-Grown Diamond Facts Report clarifies misconceptions surrounding lab-grown diamonds. It reveals that they heavily rely on coal-reliant grids and often exclude key social sustainability practices. The report highlights how lab-grown diamonds have significantly dropped in market value while costs have dramatically decreased over time.

The Natural Diamond Council (NDC) has released its 'Laboratory-Grown Diamond Facts' report, aimed at dispelling myths and clarifying misconceptions about lab-grown diamonds. The report unveils stark differences between natural and lab-grown diamonds, focusing on their origins, market trends, and sustainability claims.

Key findings indicate that over 70% of lab-grown diamonds are produced in coal-dependent grids, and many claims of carbon neutrality ignore the comprehensive environmental impact. Moreover, NDC highlights the omission of community development in the lab-grown diamonds' narrative.

Despite a 90% drop in production costs, market prices for lab-grown diamonds have plummeted, with some losing up to 86% of their value in the past decade. NDC aims to empower consumers with accurate information, enhancing their understanding while reaffirming the enduring legacy of natural diamonds.

(With inputs from agencies.)