Lab-Grown Diamonds: Regulators Warn That Some Claims Fail To Fulfill Their Hype

In ancient Greece, diamonds were referred to as "Tears of the gods." Formed billions of years ago, diamonds are some of the oldest objects most people will ever touch or own, and global consumer demand for diamonds is at a record high The Diamond Foundry website claims that, "A diamond is a diamond: a tetrahedral crystal of carbon," which seems to suggest that industrially made diamonds and naturally mined ones are equal in all respects, including that of market value As any diamond dealer will attest, there are vast differences in market value between various types of natural diamonds, and super-extreme differences between natural and industrially manufactured diamonds.

Thus, consumers may fail to understand when they are shopping for or buying industrially made diamonds that these products embody none of the longterm value that natural diamonds command "The natural diamond and lab-grown diamond jewelry businesses are vastly different industries, and this is reflected in the perceived value and market values of the diamonds that each produce." As Cayen puts it, "At this point in time, natural diamonds are the only type of diamonds that embody lasting, verifiable market value." "The ethically mined and produced diamonds of Botswana have benefited the country by helping develop a stable economy and solid infrastructure." What's more, diamonds have done, and continue to do, a an incomparable amount of good in many other economically and culturally under-developed regions. . Source