Future of Diamond Industry with Ethical Lab-Grown Diamonds
Whether you’re in the market for an engagement ring or simply looking for sustainable jewelry, ethical lab grown diamonds are a great option. They are visually and chemically identical to mined diamonds.
They are more ethical than natural diamonds because they don’t involve conflict and human rights violations. Additionally, they are a better option for the planet because they have a lower carbon footprint than natural diamonds.
For those concerned about the environmental impact of their purchases, ethical lab grown diamonds are a great alternative to natural diamonds. They do not fund wars, conflict diamonds or child labor and they have fewer impurities than their mined counterparts.
The process of growing a diamond in a lab requires a lot of energy and water. This process produces significant carbon emissions if the source of the diamonds’ energy is not renewable.
Compared to the greenhouse gases produced by mined diamonds, laboratory grown diamonds are significantly less harmful to the environment.
According to a report from Frost & Sullivan, for every carat of mined diamond, nearly 100 square feet of land is disturbed and more than 5,798 pounds of mineral waste are created.
This is not to mention the other negative impacts of mined diamonds such as air pollution, land erosion, deforestation and water pollution. Thankfully, with the advent of lab grown diamonds, the diamond industry is moving towards more sustainable methods of production.
Better for Your Wallet
If you’re a conscious consumer who’s looking for an ethical and sustainable alternative to mined diamonds, there’s good news. Ethical lab grown diamonds are a great way to save money and make a more positive impact on the world, too.
The first major benefit of choosing Lab grown diamonds is that they’re significantly less expensive than mined ones. This is because jewelers don’t have to dig up the actual diamond, and they can pass these savings onto consumers.
They’re also less damaging to the environment because they don’t produce as much carbon dioxide. This means that they don’t harm the planet like mined diamonds do, and are therefore a more eco-friendly option for savvy couples.
Another reason that ethical lab grown diamonds are better for your wallet is because they’re often 20-30% cheaper than mined ones. This can be a huge help for young couples who want to get big bling without breaking the bank.
Better for the Future
Lab grown diamonds are becoming increasingly popular and ethically sourced as the world becomes more aware of how mining affects the environment, communities and human rights. Rather than purchasing mined diamonds, which are produced from a grueling and exploitive practice, ethically sourced lab grown diamonds are visually, chemically and physically identical to natural stones.
They are also cheaper to produce in the lab than to excavate them. And since they aren’t created from the ground, they have a much smaller carbon footprint than mined diamonds.
But while they’re marketed as a cleaner alternative to mined diamonds, they don’t come without their own environmental, social and economic issues. And if they do take over the market entirely, they could have negative consequences on the diamond mining industry itself.
Better for the People
The diamond industry is in a period of transition, with the younger generations focusing on ethical consumerism. This generation is more likely to purchase diamonds as a way to celebrate an important milestone, rather than as an investment.
For that reason, many people are opting to purchase ethical lab grown diamonds. Unlike natural diamonds, ethical lab grown diamonds aren’t mined from diamond lands and are made with more sustainable practices.
Another benefit of ethical lab grown diamonds is that they avoid the negative aspects of mining such as environmental damage and human rights abuses. Additionally, they don’t need to be transported across oceans and continents to get to you.
In addition, the use of child labor in diamond mining is also avoided with lab grown diamonds. This is a huge issue for the diamond industry as 215 million children work in exploitative conditions in mines around the world.