Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
Country
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe

Monday, May 24 2010

Diamond Quality Competition May Bring Industries at Equal Level

2012: Diamond Quality Competition Is Improving the Quality of Synthetic Diamonds

A recent article in the Gems and Gemology e-brief reported that a 1.05 pear shaped carat G VS1 synthetic diamond was submitted to the Gemological Institute of America lab in New York. In addition, Gems and Gemology recently did a story on the pink synthetics produced by Apollo Diamonds in Boston.

A lot of people were alarmed by the idea that companies are producing larger synthetic diamonds. It’s true that synthetic diamonds are improving in quality, and there will probably be more of them on the market.

Synthetic diamonds are not a new product. General Electric first began growing diamonds in the 1950s — sixty years old. It is only in the last decade that people have tried, with varying success, to market gem synthetic diamonds as a commercial product. So far, there are very few out there. You hear more about them on the news than you see them on the market.

But we feel that synthetic diamonds will not give natural diamonds any competition, for a number of reasons.

First, synthetic gemstones have not hurt the market for other natural gemstones.

Just as fake furs have not ruined the market for the real, for years jewelers have stocked emeralds and rubies grown in laboratories. And for just as long, consumers have favored the naturals. It’s genuine emeralds and rubies that interest collectors and fetch big prices at auctions, not artificial ones.

In addition, despite many fancy colored synthetic diamonds being available on the market, natural fancy colored diamonds still win incredible prices at the auction houses. For instance, the De Beers Millennium blue diamond, a 5.16-carat, internally flawless, natural fancy vivid blue diamond, recently sold at Sotheby’s Hong Kong for $6.4 million. A lab-grown diamond would never win such a price, even if it was twice the size.

But what about consumers? Surely some people will prefer synthetics, right? Remember, for years buyers have had the option of buying cubic zirconia, moissainite, and other diamond imitations. But they have always opted for the real thing. Why?

Because, as the saying goes, a real diamond is forever. It was created millions of years ago under the Earth. It stands for something that is permanent, that transcends all our standard notions of time. For hundreds of years, it has represented the deepest and most profound bond between two people.

A synthetic diamond cannot be “forever.” They were created in a laboratory, by men. They are not natural. They haven’t been around since the beginning of time.

If you want to tell someone that your love is real — how do you do that: With something that is natural, or with a synthetic?

Just as most people would want a genuine Picasso over a reprint, we believe most consumers will choose the real thing when it comes to diamonds. Certainly, we believe that’s what most brides-to-be will prefer.

And here is more evidence: Occasionally we hear a lot of hype on the news that experts cannot distinguish synthetic diamonds from natural diamonds. And yet, the GIA was able to detect the stone recently submitted to it, even though there were no inscriptions on it. In addition, there are devices on the market that can tell the difference. Most synthetic diamonds have inscriptions identifying them as non-natural.

We have no doubt that a few consumers prefer synthetics. They may be sold for cheaper prices. But even they may regret it. Diamonds grown in a lab are not likely to hold their value. No product created in a factory does. By all indications, natural diamonds are becoming rarer and more valuable, as demand outpaces supply. So someone going for a so-called “bargain” may lose money in the long run.

And that’s why, while synthetic diamonds may come and go, the market for naturals will be forever.

The Editor.

RETURN ALL NEWS

Related Articles

Most popular diamond shapes at the moment
Blog Archive

Most popular diamond shapes at the moment

Green diamonds: the growing buzz
Blog Archive

Green diamonds: the growing buzz

Throwback: 5-carat blue diamond sold for nearly $14M
Blog Archive

Throwback: 5-carat blue diamond sold for nearly $14M

WhatsApp chat