Can Lab Grown Diamonds Be Forever Passed On
Oct 28, 2021
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Can lab grown diamonds be "forever passed on"?
The breakthrough time for lab grown diamonds' technology is still short. From the perspective of the industry's life cycle, the industry is in the early stages of development.
In recent years, the production of rough natural diamonds has shown a declining trend, but the global demand for diamond consumption has continued to increase, and the trend of supply-demand imbalance has brought opportunities for the development of lab grown diamonds.
Lab grown diamonds, also known as synthetic diamonds and man-made diamonds, are diamonds produced in laboratories. They are identical in chemical composition, lattice structure, and physical properties to natural diamonds.
Market consumer demand is growing rapidly, there is a certain gap between supply capacity and consumer demand, and the R&D strength, process level and quality control capabilities of lab grown diamond companies are much higher than those of ordinary synthetic diamond companies. Therefore, the industry has a high barrier to entry and relatively little competition.
From the cost point of view, the cost of natural diamonds is higher than that of lab grown diamonds. Therefore, when all the attributes are the same, the price competitiveness of lab grown diamonds is obvious, and the price is only about 1/3 of that of natural diamonds.
In 2020, domestic cultivated diamond manufacturers have been able to produce 3-6 carats of rough diamonds (corresponding to 1-2 carats cultivated diamond jewelry) in batches. The color can reach up to D color, and the clarity can reach up to VVS, which is in the 4C standard. Has reached a good level.
China's CVD technology started late, but has developed rapidly. Domestic manufacturers represented by Hangzhou Chaoran and Shanghai Zhengshi have gradually matured in CVD technology.
As one of the emerging choices for global diamond consumption, lab grown diamonds have obvious competitive advantages in terms of quality, price, environmental protection and technology.
With the continuous improvement of cultivating diamond synthesis technology and the change of market consumption concepts and consumption habits, industry attention and market demand have increased significantly, and it has become one of the most important development directions of the lab grown diamond industry.