Synthetic Diamonds - Are man made diamonds a concern for the market?

In a word “yes”, but with some important qualifiers.
To begin, it is necessary to understand some basic terminology in order to avoid confusion. There have been imitation or simulated diamonds in the market as long as there have been cut and polished natural diamonds. The simulants include an expansive list of natural and created materials that simply have the appearance of diamond. Some of the more modern simulated diamonds are pretty convincing.
Synthetic Diamonds
True synthetic diamonds, on the other hand, are grown in a sophisticated laboratory and have all the physical and optical properties of natural diamonds. Therefore, the detection devices on the market that have been used for years to detect simulants like glass, YAG, CZ , and Moissanite will NOT detect synthetic diamond. Definitive detection of synthetic diamond is done in the major gemological laboratories with the use of sophisticated and expensive technology and highly trained experts.
Synthetic diamond was first manufactured experimentally in the early 1950’s. It has not been until very recently that any significant commercial production became available on the market. Today, several companies are producing a variety of synthetic diamonds and the issue has evolved from theoretical to real. So while this presents a real and present danger for the consumer who might unknowingly buy a synthetic, there are some factors that give comfort.
Man Made Loose Diamonds
First, the preliminary step in the grading process at the lab is to screen for synthetics. This makes it more important than ever before that consumers to insist on lab certificates for significant diamond purchases. (More info on the screening process will be forthcoming in a future article in our series with the AGSL).
Second, the production of synthetic diamonds of significant size is still very limited and synthetics are still quite expensive because of production costs. One company that has announced they will be selling them soon indicated pricing at “20-30% less” than natural diamonds. The value proposition is therefore not particularly compelling at this stage. Especially when it comes to diamonds for engagement rings which are so symbolic in nature.
Man Made Diamonds
And lastly, history has shown that consumers will still want natural gemstones, as evidenced by the healthy market for natural rubies and sapphires even though synthetic corundum has been produced since the early 1900’s and is in large supply in the market and very cheap.
In conclusion, you have to be naïve to think that criminals would not be attracted to the prospect of using man made diamonds to defraud innocent people. But the current state of the market is not conducive to this being a problem of any scale. And protections are in place through the services performed at the major gemological laboratories to safeguard the public good. But it will be interesting to see how the market for synthetic diamonds develops over the coming years.

Be Inspired By Our Designer Engagement Rings

Find the perfect Designer Ring for your special diamond by clicking the links below, and let us build the ultimate ring for the love of your life!
FIND DIAMONDS FIND JEWELRY
GO TO MY CART CONTINUE SHOPPING PROCEED TO CHECKOUT FIND DIAMONDS FIND JEWELRY
COMPARE REMOVE ALL FIND MORE DIAMONDS
COMPARE REMOVE ALL FIND MORE JEWELRY
COMPARE REMOVE ALL FIND MORE DIAMONDS