Because of their clean origin, all lab grown diamonds are ethically made, and they possess higher purity and greater brilliance in comparison to mined diamonds. Additionally, lab grown diamonds are more affordable. As a result, we incorporate these innovative stones into all of our rings.
"[Lab created diamonds] are not fakes. They're not cubic zirconia. They have all the same physical and chemical properties of a mined diamond."Stephen Morisseau, a spokesman for the Gemmological Institute of America (GIA).
"Mined diamonds are a gift of nature whereas man made diamonds are a gift of human wisdom."Shanghai Diamond Exchange's President Qiang Lin.
"[Manmade] diamonds are diamonds."
Federal Trade Commission (USA), August 2018.
BEST VALUE FOR MONEY
After more than 20 years of continuous technological advancements and innovations, lab grown diamonds have, without a doubt, outperformed mined diamonds and become the top choice for consumers.
In addition, lab grown diamonds are significantly less expensive than mined diamonds with similar size and quality, often up to 75% cheaper, as a result of the strong but competitive market among producers.
Despite being significantly more affordable than mined diamonds, lab grown diamonds are still genuine diamonds and therefore not inferior in quality. Interestingly, the cost of processing mined and lab grown diamonds is comparable, despite the shorter supply chain and increased competition in the latter. The process of turning rough diamonds into market-ready gems, including cutting, polishing, and certification, is identical for both types, resulting in similar costs.
Mined diamonds are exorbitantly priced due to artificial supply restrictions imposed by a few avaricious entities, resulting in inflated costs. In contrast, the lab grown diamond market is highly competitive, with various players vying for customers, ultimately benefitting consumers who can now access high-quality diamond rings at reasonable prices. Thanks to this competition, consumers can now afford the perfect diamond ring that they can cherish for a lifetime.
ETHICAL AND ECO-FRIENDLY DIAMONDS
For those who seek an ethically-sourced engagement ring that makes a positive impact, lab grown diamonds are the only viable option. To be truly ethical, a diamond must be mine-free, and the only type that meets this requirement is lab grown. The extensive social and environmental effects of mining on the planet, communities, and society underscore the need to fully embrace lab grown diamonds. To illustrate the scale of damage caused by mining, unearthing just one carat of diamond involves disturbing over 10 square meters of land, resulting in the generation of more than 3,000 kilograms of rock and soil waste.
All of our engagement rings are ethical, thanks to our exclusive use of lab grown diamonds, which are naturally conflict-free. Novita Diamonds guarantees that our lab grown diamonds are 100% ethically sourced, providing our customers with peace of mind. We are committed to being environmentally and socially responsible in all aspects of our business. As evidenced in a report by Frost & Sullivan, lab grown diamonds have a significantly lower impact on the environment than mined diamonds. In fact, the report suggests that lab grown diamonds are seven times less impactful to the environment, consume fewer resources, and produce a fraction of the air pollution associated with mining.