Synthetic diamonds currently represent 21% of the market, consolidating as a luxurious but accessible option.
They are known by many names: laboratory diamonds, man -made diamonds or laboratory diamonds, among others. But beyond the term used, At first glance it is impossible to differentiate them from natural diamonds.
That these diamonds do not form in nature does not mean that they are not authentic. What several jewelry they do today, using Advanced technologyis to take the base element that forms a diamond, known as seedand submit it to the same conditions that occur in nature.
They are chemistry, physics and optically identical to natural diamonds
They are chemistry, physics and optically identical to natural diamonds
What are laboratory diamonds
While it is a sustainable practice, it is actually speed and costs What is promoting more brands choose to create this type of diamonds instead of using the natives. Since they can produce much more in less time and despite the fact that the sale price is lower, the number of possible buyers grow significantly.
With these new possibilities, it is expected that by 2030 the volume in the global market of this type of diamonds reaches around 19.2 million carats. Statista also shares that in 2021, the value of the laboratory diamond market was at more than 20 billion dollars, but by 2030 it is expected I reach around 52 billion.
Cultivated diamonds: the millionaire business of Jesse de Leon
Jesse de Leon He is the one in command of Liori Diamondsa company based in the city of New York. The fate of his business changed flatly when in 2021 he decided bet on laboratories diamonds. Since then they are considered pioneers.
Since then, the company grew considerably, going from being a single -person operation to have a team of seven members in New York and Miamiwhere he opened a new exhibition room in August 2023. According to Leon, the company reached little less than 7 million dollars in annual income for 2023.
How much their rings come out
Since these synthetic diamonds They occur much faster, the manufacturing cost is lower. Then they are sold at half the price of which the natives are sold. This difference ends up noticing even more while the diamond size is increased, that is, a 3 carat diamond that is cultivated in the laboratory usually costs some $ 10,000while a natural one of the same size quietly exceeds the $ 40,000.
This implied a fall in diamond prices, helping Liori Diamonds It could grow much more. This company can make people who are rich or millionaire, eventually access diamonds, both to save and for commitment rings, for example.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
