Can Lab-Grown Diamonds Outshine Real Diamonds in Value & Sparkle? | What's The Catch
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- Опубліковано 30 лис 2024
- Diamonds: are they nature's treasure or lab-made marvel? In this groundbreaking episode (get it?), we delve into the shimmering world of lab diamonds. Chemically identical to natural diamonds, they've sparked a debate about value, prestige, and the future of a traditional industry.
We dissect the perception versus reality of lab diamonds, examining why they're often seen as inferior to their natural counterparts and how this impacts their resale value and prestige.
The episode also tackles the environmental and ethical aspects of lab diamonds. Are they truly more ethical and eco-friendly despite their energy-intensive production process?
We're not just scratching the surface; we're digging deeper into market dynamics. The rise of lab diamonds poses a potential disruption to the traditional diamond market, which could reshape its long-term value.
Quality is key, and like their natural counterparts, lab diamonds vary in quality. We uncover some of the misleading practices in the industry, where the quality or origin of lab diamonds might be exaggerated.
The cultural and traditional impact of lab diamonds is profound. We explore how they challenge established norms in jewelry and investment markets and what that means for their acceptance and value perception.
But here's the twist: Could the disruption of the diamond industry by lab diamonds actually be a positive change? We probe into why we value diamonds - is it their appearance, scarcity, or simply their cost? We'll also examine the artificial scarcity created by marketing campaigns like "diamonds are forever," the corruption in the traditional diamond industry, and the use of diamonds in illegal transactions.
If society embraces lab diamonds, what happens to the value of existing diamonds? We investigate this inevitable progression of capitalism and technology and what it means for current diamond owners and the industry at large.
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Editor's Note: At 3:28, the video mistakenly converts 1 carat to 200 grams. The correct conversion is 200 mg. The Hustle regrets the error.
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Very interesting...I think the real freedom is to not need to own either kind.
Exactly... its fools gold. But, in this case fools diamond 😄
Still a beautiful gem at the end of the day. The most rarest gem is and will always be AUSTRALIAN BLACK OPAL. way more rare than diamonds
When shopping for an engagement ring, I was told by multiple salespeople that the store would buy back (something one might want to do to "upgrade" their ring to a larger diamond) a natural diamond but not a lab-grown one because they couldn't predict the future value of the lab-grown diamond. Personally it just sounded like they wanted to push for a sale of a natural diamond..
Exactly why I bought natural. Anything that can be exploited will be exploited
Yep total scam
I had a salesperson tell me something similar last week. I told her "well why would I need an upgrade if I got what I want from the start and pay way less with a lab grown." She smiled and walked away to help someone else.
Even if the lab diamond re-sale value would be 0, you will loose less money than the devaluation on a natural one.
After having a 1carat diamond for 40 years, I wanted to upgrade for our anniversary. I went with a significantly less expensive lab grown, picked it with color, cut, clarity, and got double the size. This company (JA) said they would buy back the lab grown if I ever wanted to trade up in value - either a lab or earth grown . It’s gorgeous in every way, I don’t feel any less about it than my original wedding diamond, and if stolen or lost, was not as expensive. It’s not like the CZ’s of old. And I like not having human lives put at risk or destroying more of our planet- though I know lab grown also produce damage.
I've always been curious about lab grown diamonds, so was happy to see this pop up on my recs
I got a 2.5 ct round lab, E color, vvs1, ideal cut for $3240…with setting a total of $3840. I am obsessed with it. The diamond is huge on my hand and it gives off so much brilliance and fire, it’s insane! Trading in a diamond for something else is so dumb. Whether it’s lab or earth, you’ll never get back the value at the jewelry store. Just create a pendant necklace or find a matching diamond to create a new set of earring studs.
Nice!! Love This Video! At Solitario Diamond, we specialize in creating stunning lab grown diamond jewelry for those seeking both beauty and sustainability. 💎✨
My fiancé loves the idea of a diamond engagement ring, so I dug in to do my research a little while ago.
Was able to find a lab diamond merchant that’s transparent about their margins, which resulted in a final ring that was 50+% cheaper than similar styles and cuts on the market.
I think we’ll see prices fall a decent bit more before finding an equilibrium in the diamond market… but what do I know? I’m just a dude on the internet 😄
Which diamond merchant was transparent? Lightbox is Debeers.
When researching were you able to see/tell the difference with your eyes ie without any devices?
Just curious.
@KiwiMC99, there is no difference to see. The lab grown is a real diamond. They take "seeds" or a tiny piece from natural diamonds and recreate the process in a lab.
im buying lab diamonds
Natural diamonds found on earth and other planets, NOT rare. Lab-grown diamonds created by the only sentient beings we know of in the universe that are capable of creating such a thing.... PRICELESS
I've been telling people for at least 10 years that all diamonds are made in a lab. Now you are seeing all this stir up about lab made diamonds.
Love "what's the catch?" so interesting...
Of course lab grown diamonds have no stored value and are produced in mega size factories as production has grown to more than 21 million carat. Lab grown Ruby, Emerald, Sapphire, Alexandrite, Quartz etc have reached its market equilibrium and has not effected the natural mined market value, so the assumption is the same for factory made diamonds. At this point in time, there is market hype mixed with marketing money as the factory grown makers and sellers are making a lot of money. And that money is in China and India.
Can the same be said for all lab created gems?
1 carat = 200mg not 200 grams. Big difference. A 200 gram diamond would be 1000 carats and worth, um... a lot.
Appreciate the call-out! We've made an update to the UA-cam description with the correction.
Lab grown diamonds made by diamond powder and his price never will be up just down
Diamonds are the biggest "scam" in history. Not the shiniest, not the most briliant, not the most "fire", not even as rare as gold. It just happens that few hold their hand on the industry. Just like Bitcoin where few hold almost all of them.
I’m shocked with how long lab grow diamonds have been out, video titles are still “Is it real?” 🤦🏽♂️. I’m sure by this point, many consumers know lab diamonds are real diamonds. Too many people buy them to dispute the claim
did u say one carat is equal to 200 grams ?
I don't understand that calculation
Thank you for catching this (no pun intended). We've made an update to the UA-cam description with the correction.
five carats to the gram unless using conversion table I'm unaware of
Mining diamonds actually helps the miners get money too so im all for earth grown and kab grown for people who cant afford the earth grown
I was just searching about this topic yesterday
Diamonds are forever and so are plastic bags.
1 carat = 0.2 g of diamond
perception.
Lab diamond's have no value...
Neither do natural ones. One of the most common gems in the world, even more common than Ametrine… a variety of quartz.
Lab growing diamond have no value the only person would buy back if you luck is the store you buy the diamond because 1 carat lab diamond is very cheap I can get very cheap the store make big profit on lab diamond 💎 but lat say you got in a life emergency you can sale your natural diamond single stone i will start making video to benefit people a natural diamond you can sale anywhere remember buy 0.50 carat and bigger from experience
LOL I guess 😂
I still would prefer a real natural diamond made by the creator not man.
The creator doesn’t exist sorry.
@beartutor3377 Yes it does look around you.
@@6RingzDaLacKing science is based on facts and observations. Religion is based on blind beliefs, magic, and a lack of understanding on the mechanistics of our world’s functioning. So sorry.
Could you tell the difference? I probably couldn't.
@KiwiMC99 Not really but I still prefer the real deal.
What a sh** video... all that i cared about is insight into why lab grown diamonds aren't that much cheaper than natural ones, and you didn't even delve into that much at all
I found your answer! It's in this new thing called "Google"