Over the years, lab-grown diamonds have boomed in popularity, and it's not difficult to see why: they’re physically and chemically identical to mined diamonds but cost a lot less.
Lab-grown diamonds have increased in popularity in South Africa over the years, and that’s because they look like premium diamonds but are more affordable.
Whether you are budget-conscious or looking for something environmentally friendly, lab-grown diamonds might be the better-value alternative to diamonds – and it’s not easy to tell the difference. Instead of using gas, during the HPHT process, diamond powder or graphite is placed into a reactor chamber on top of the diamond seed.
Eckardt said following the pandemic, more consumers are leaning towards lab-grown diamonds in efforts to cut costs and save some cash where they can. This is because mined diamonds either retain their value or appreciate in value. Lab-grown diamonds don’t appreciate or retain their value.
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