Learn About Synthetic Diamonds
A synthetic diamond is a man-made diamond produced in a lab under controlled conditions. Commercially grown synthetic diamonds have been around since the 1907’s but originally they could only be produced in low-quality grade specimens.
Synthetic Diamond Production Has Ramped Up Since 2010
In the mid-2010’s the technology dramatically improved to produce larger and better quality white man-made diamonds. Synthetic diamonds are produced identical to natural gems in brilliance and structure and without the legal requirements of labelling, synthetic diamonds are almost indistinguishable from natural gems.
The Marketability of Synthetic Diamonds has Increased in Recent Times
Originally, the marketability of synthetic diamonds was quite poor, with very few consumers willing to buy a man-made diamond of below-standard jewellery grade quality. However, in recent times, synthetic diamonds have become a more accessible and acceptable option.
Synthetic Diamonds Still Maintain a Small Share in the Overal Diamond Market
Although synthetic diamonds will take some of the market shares of the natural diamonds market, the perception of a natural product over a man-made option will not change. In 2015, synthetic diamonds accounted for about 1% of the overall market but that figure has now started to climb significantly through acceptance of affordable pricing and great marketing. It is also interesting to know that the world’s largest current producer of synthetic diamonds for the jewellery marketplace is, DeBeers, which is also the world’s largest natural diamond distributor.
Discover the World of Synthetic Diamonds
Curious about synthetic diamonds? Dive into our comprehensive guide to understand their production, marketability, and how they stand in today’s Australian jewellery industry. Make an informed choice with us!
Certification of Synthetic Diamonds
Synthetic diamonds like naturals, should be purchased with internationally recognised diamond grading certification like GIA, HRD or IGI, which clearly indicates the diamond to be a synthetic product on the certificate. For both the natural and synthetic markets to hold credibility, the industry must diligently work to ensure that synthetic diamond engagement rings and synthetic diamond jewellery 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 to ensure that both markets are well distinguished and represented.
Diamond Simulants
It is easy to get the two terms, diamond simulant and synthetic diamond mistaken but the two products are vastly different in both price and product. A diamond simulant is a diamond-like product that mimics the appearance of a diamond at a fraction of the cost and does not have the same physical properties as a diamond. The most common and effective diamond simulants are cubic zirconia and moissanite which can be cut to a very closely resemble a but are flawed by the fact that they are prone to wear.
There are currently no diamond simulants that match as a long-lasting replacement for a diamond and no matter how good the simulant proclaims to be they are very inexpensive.
Synthetic Gemstones
Nothing will ever replace the desire for a natural mined gemstone but for almost every natural gemstone discovered of value, there has been a synthetic option that has been created.
Many of the most valuable gemstones have chemically identical created or synthetic commercially available gems and are often more perfect than the natural option. Synthetic gems are easily created and very inexpensive, making them highly prone to fraud by unsuspecting buyers in many countries.
Even the cheaper quality natural gemstones can have synthetic copies made with glass or other materials to replicate their appearance.
It is very important when buying a gem to know if you are selecting a natural or synthetic gemstone and a reputable seller will guide you and provide appropriate assurance or certification for your gem.
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