There’s a new kid in town, and his name is Lab Created Diamond. That’s right a Lab Created Diamond that is colorless, and gem quality is now available for sale. It’s so good you won’t be able to see the difference, not even your Jeweler will be able to tell the difference, as of this writing, because as a follower of Gemtalk you probably already know that Lab Created means “Chemically Identical to the Natural,” the only difference is it was grown in a laboratory instead of mined out of the ground.
A Lab created Diamond is still Carbon, it has the same cubic structure of growth, it has the same refractive index, dispersion, hardness, and density. So all of the present tools in the common Gem Lab will identify this Lab Created Diamond as a Diamond, which it is; however we won’t know that it is Lab Created as opposed to mined from the ground. Now some of you might be thinking WOW that’s great, it’s probably going to be cheaper too, and it may actually seem like a deal at first, if it’s certified as being Lab Created, and you bought it under that premise. The selling point will be that it’s a real Diamond, that it’s more affordable, it’s guaranteed to be conflict free, environmentally friendly, and socially responsible. It’s the responsibility part that has me nervous.
You may remember that when Moissanite first came on the scene, in less than 30 days stores in Florida were selling them as natural Diamonds, instead of Lab Created alternatives. Many flocked to buy them, at greatly reduced prices, thinking they were buying real Natural Diamonds, only to find out later on, with our sophisticated equipment that they had been duped. The problem this time is that, with Lab Created Diamonds they are identical, there is no fingerprint that I know of at this time, and no equipment that I know of at this time, that can be put into our lab. It can only be found by sending it to a Lab such as a GIA Lab, where they can look for a fingerprint they may see under high magnification.
So what’s the problem you may ask? The problem is that these Lab Diamonds may be sold, and certified as Lab Diamonds to the first initial retail buyer, but unscrupulous people out there may begin to sell them for fast cash at these “We Buy Gold, and Jewelry” places, or on the internet, only to find out that their selling them as Natural Mined Diamonds. Eventually that could get into the common inventory of many Jewelry stores, retail, and wholesale, and eventually into your jewelry. Now imagine the horror of buying a beautiful, magnificent Diamond as an heirloom piece, for a special anniversary, or a special someone in your life, handing it down generationally only to find out that it was Lab Created, and not mined from the ground.
Now some of you are thinking if it looks like a duck, if it walks like a duck, if it sounds like a duck, it is a duck, and so it is a Diamond, but because it’s grown in a laboratory what value does it really have? How rare is it truly? We buy Diamonds, not only because they are beautiful, but because they are rare. In fact recently, there was a statistic that came out that said if you took all the Diamonds that have ever been mined in all of the world, and you tried to put them into one place they would not fill up an Olympic sized swimming pool. That’s true rarity!
You’ll hear about how pure these Diamonds are, and how they are type 2A Diamonds, and only 1.8% of the worlds mined Diamonds are truly type 2A, which means that they don’t have nitrogen in them, impurities generally found in Diamonds. They’ll tell you about how you can have a higher quality Diamond, at the pricing that would only be available to the very wealthy, and how it’s affordable to all. That may give some comfort, but it scares this Jeweler, to the core. You’ve heard me say many times before if you don’t know jewelry, know your jeweler, well it’s never been more important than it is right now. It’s never been more profound than it is right now!
You’ve heard me tell stories of Lab Created Opals, and Lab Created Tanzanites being sold in the islands around the world, and they are being sold to customers around the globe as Genuine, Natural Gemstones. Well I’ve seen it, with my own eyes, and I know that what I’m telling you is factual, and actual. It’s because of this, that I say BUYER BEWARE. Now, this isn’t something new that just happened upon the market place, but something that’s been in development for quite some time.
This Jeweler has spoken to many of the principals in the Lab Created industry, asked, pleaded, and begged that they put a fingerprint for us to identify these Lab Created Gems, to which they resoundingly said “No”. So until specialized equipment has been found, and manufactured for the local Jeweler to know whether a Diamond is Lab Created or not it will be necessary to not only know your Jeweler, but when making a substantial purchase that you verify that the Diamond is NATURAL, and not LAB CREATED. I recommend the American Gem Society (AGS) as the lab with the most credibility.
Don’t panic yet, there’s plenty of time before the market becomes saturated with these Lab Created Diamonds. Know that this Jeweler will be LOOKING, DIGGING, and INVESTIGATING to find the way to indentify these Gems for your peace of mind, and mine. Now once we find the fingerprint, and make it identifiable to the average well-educated Jeweler, this could have a good place in the market, and in society to save people money, and allow you to splurge in beauty, size, and scintillation.
So remember our slogan , “MSG Jewelers helps you buy Diamonds with confidence, Guaranteed”. I hope that makes you feel better. Know that we will always do our best, and utmost to keep you educated, and informed about the Jewelry industry. Stay tuned to Gemtalk for much, much more on this topic!