Learn More About Synthetic Diamonds According to Diamond Queensland
What is a synthetic diamond? A synthetic diamond is a man-made diamond produced in a lab. Synthetic diamonds according to Diamond Queensland have been produced now for about 20 years. Originally produced in tinted white and fancy coloured diamonds, technology has recently improved, and larger and better quality white best man-made diamonds are being produced.
Elegant synthetic diamonds can now be produced identical to natural gems in brilliance and resilience. Without the legal requirement of labelling, synthetic diamonds according to Diamond Queensland is indistinguishable from natural gems. The process of creating elegant synthetic diamonds is less expensive and customers pay 30% less than the natural diamond price.
Marketability of Elegant Synthetic Diamonds
Originally, the marketability of synthetic diamonds was quite poor, with very few consumers willing to buy man-made diamonds. However in recent times, elegant synthetic diamonds are becoming a more acceptable option. The Australian diamond market is comparatively small on the world scale. There has been very little interest generated locally for synthetic diamonds, hence there are very few stones arriving into the local retail market.
Certification of Synthetic Diamonds According to Diamond Queensland
Synthetic diamonds according to Diamond Queensland should be certified by major diamond international certification laboratories like GIA, EGL, AGS, HRD, and IGI. These elegant synthetic diamonds should be clearly indicated to be synthetic products on the certificate. For both natural and synthetic markets to hold credibility, the industry must diligently work to ensure that synthetic diamonds that are part of synthetic diamond engagement rings and synthetic diamond rings are never passed off as natural stones. It is foreseen that the synthetic market will eventually gain a significant share within Australia in the coming years as natural diamonds become more expensive and harder to mine. Synthetic diamonds vs. natural diamonds have different advantages, so the diamond industry is taking good care of both markets.
Elegant Synthetic Diamonds’ Market Share Will Grow
Although elegant synthetic diamonds will take some of the market share of the natural diamonds market, the perception of a natural product over the man made option will not change. Natural diamonds will always hold their value in the luxury market. Currently, synthetic diamonds account for about 1% of the overseas market. However, at the right price and with great marketing of the product, the acceptance will surely grow. It is also interesting to know that the world’s largest current producer of synthetic diamonds according to Diamond Queensland for the market place is DeBeers, which is also the largest natural diamond producer.