The value of the global lab grown diamonds market was $19.3 billion in 2020. Experts have estimated that it will grow to $49.9 billion in 2030.

It’s the younger generations, millennials and Gen Z, that are to blame for this expected rise in popularity. They’re already choosing man-made diamonds over natural diamonds at an astounding rate. This is likely because many of the benefits these diamond options have appeal to their generation’s needs and ideals.

Read on to learn more about these benefits. You may even feel compelled to purchase these diamonds yourself by the end.

1. Lab Grown Diamonds Reduce Environmental Damage From Mining

People often associate the term ‘unnatural’ or ‘man-made’ with something negative. This is understandable as man-made products and chemicals are often to blame for environmental issues. However, lab grown diamonds have the opposite effect.

Natural diamonds can only be found deep below the Earth. Anyone who wants those diamonds must mine for them. This action has become the catalyst for plenty of environmental problems.

In worst-case scenarios, mining can destroy entire ecosystems. This often happens as a result of several types of environmental damage taking place.

To start with, mining requires the removal of lots of soil. As this process can kill hundreds of trees and other plants, the impacts of deforestation can happen to the affected area. In addition, the pits left behind by the mines can fill up with stagnant water and attract malaria-causing mosquitoes.

Rerouting rivers are often another necessary step to start digging out a mine. This can disrupt the travels of aquatic animals. Also, animals that depend on these aquatic animals for food will struggle.

2. Growing Diamonds Can Use Alternative Energies

There’s one complaint that environmentally conscious individuals often make against growing diamonds in a lab. This process usually requires a lot of energy. To make this energy, climate change causing fossil fuels need to be burned.

From a certain perspective, this is true. Both of the typical methods for growing diamonds require a lot of heat. This is because diamond makers have to mimic the conditions within the Earth that cause diamonds to form.

With the High Pressure High Temperature (HPHT) system process, a flat sliver is placed in a chamber with some pure graphite carbon. All the materials are exposed to temperatures of around 2,700°F. Then, the makers pressurize them to around 1.5 million pounds per square inch.

The Chemical Vapor Deposition process requires less heat, but still a significant amount. This time, makers place a diamond sliver in a chamber full of carbon-rich gas. They then expose the materials to temperatures of around 1,470°F, which causes the carbon gases to stick to the seed.

Yet, one thing to keep in mind is that not all energy these days comes from fossil fuels. Alternative energy sources also provide energy and countries are relying on them more and more every year. Eventually, unlike mining, diamond growing can cause no environmental damage.

3. Grown Diamonds Don’t Use Unethical Labor Practices

The amount of human rights violations in the diamond mining industry is astounding. Too many miners lack the tools they need and proper safety protocols and equipment. They often die due to landslides, tunnel collapses, and diseases that spread through the mining towns.

To make matters worse, children make up a large amount of the workers employed in diamond mines. These children often get injured trying to do very physically demanding tasks such as carrying loads of gravel. In addition, they’re often asked to crawl into narrow shafts that can collapse on them.

Luckily, activists have been pushing against these labor practices. These efforts have led to some improvements in diamond mine conditions. Certain diamond products also have certifications that prove the companies used ethical labor practices.

Still, consumers who aspire towards wearing jewelry that’s guilt-free should also consider lab grown diamonds. Diamond growing happens in safe, clean labs. Also, only adult professionals engage in the practice.

4. Lab Diamonds Likely Won’t Be Blood Diamonds

Another common criticism of the diamond mining industry is what the profits from these mining ventures have funded. Much of the profits went towards funding wars in several African countries. This led to the creation of the phrase ‘blood diamonds’.

Several activist groups are doing what they can to highlight and stop these practices. Diamond certification programs will also consider conflicts when marking certain jewelry options. However, this hasn’t made the problem completely go away yet.

One way that consumers can fight back against the blood diamonds practices is to buy lab grown diamonds instead. The profits from growing diamonds are far less likely to end up in the hands of warlords. Also, by diverting the profits away from wars, the amount of conflict will likely shrink to some degree.

5. Lab Grown Diamond Jewelry Options Are Cheaper

If the moral benefits don’t attract buyers, then the monetary benefits should. Lab grown diamonds have price tags that are up to 73% cheaper than natural ones. For couples who want to spend a little less on their engagement, this can be a welcome boon.

For couples who still want to splurge a bit, they can now afford a wide variety of fun options. They might, for example, want to buy a ring that has a bigger diamond. This can make a woman the envy of her friends and family members without any added cost.

Also, unlike what most people know, diamonds don’t just come in white. They also come in tints of pink, blue, and more. These types of diamonds used to be out-of-reach price-wise, but they can now be far more affordable.

6. Grown Diamond Options Are Near Indistinguishable From Natural Diamonds

Even professional jewelers struggle to distinguish natural diamonds from the grown variety with their naked eyes. They have to look at the diamond very closely with a microscope to see the tiny visual differences. Jewelers and diamond manufacturers also have to provide information on where the diamond came from.

Overall, though, lab diamonds and natural diamonds can have the same level of beauty. There’s also no difference in durability.

7. Growing Diamonds in a Lab Is a Faster Process

Experts don’t know exactly how long it will take for natural diamonds to form. However, this isn’t the only temporal factor in the journey of diamonds from carbon to jewelry options. You also have to consider the processes of mining, cutting, polishing, shipping, etc.

The journey from a miner’s hands to a jeweler’s hands alone is probably a lot longer than a lab growing process. It can take as little as a few days to grow the diamonds. Also, the shipping time might be a lot less as well, as labs can be closer to jewelers’ workshops than diamond mines.

8. Lab Grown Types of Diamonds Can Have a Better Quality Level

Despite the similarities in appearance and strength, natural diamonds have far more impurities in them. They may, for example, have dirt ingrained in them. Considering the dirty environment that they grow in, it’s reasonable to expect this.

In contrast, makers create lab grown diamonds in clean environments. Impurities are far less likely to form in diamonds when they grow in this kind of environment.

9. Grown Diamonds Have a Lower Resale Value

As of now, lab grown diamond jewelry options don’t have much resale value. You can buy a grown diamond ring for thousands of dollars and get only a few hundred dollars back when you try to resell it. However, this is a better situation than you may think.

When couples buy diamond wedding rings, they shouldn’t want to resell them. By buying diamond jewelry that has little resale value, the couple can feel certain that a resale is less likely to happen. Lab diamond pieces of jewelry are more likely to stay with a couple forever.

10. Lab Grown Diamonds Are Cheaper to Insure

Both lab grown and natural diamonds can get insured against all kinds of calamities. Lab grown diamonds also have an advantage in this situation over their natural counterparts. The price of insuring a grown diamond will be much lower due to the lower value.

11. Lab Diamonds Have Similar Grading Processes

There’s no scarcity of information about a lab diamond. Much of the grading processes that jewelry experts use to judge natural diamonds are also used for lab grown ones. This will make it much easier to find a diamond that suits all of your needs.

Get a Custom Jewelry Piece for Life’s Special Moments from Us

In sum, lab grown diamonds are cheaper and more ethical without sacrificing any sort of strength and/or beauty. They aren’t as rare as natural diamonds, but if someone questions you, you can easily defend your position and test your critic’s level of morality.

If you’re ready to get a jewelry piece with a beautiful lab grown diamond in Scottsdale, AZ, consider our services. Our experts will help you design pieces that are as unique as your love. Fill out this form to reserve a spot for a custom jewelry designing appointment.


Our Happy Customers

Finer Custom Jewelry
Based on 128 reviews
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Harmony GreenHarmony Green
23:13 01 Apr 24
Shimon is absolutely amazing at what he does and such a pleasure to work with. We had a custom wedding band made to complement my center stone and the design is quite unique. My fiancé was very apprehensive and worried about not going with a classic wedding band but we both couldn’t be happier with how it turned out! Going to be hard not to wear this for the next few months! 😅
Dylan KuchanDylan Kuchan
21:42 19 Mar 24
Shimon was absolutely amazing. He not only was professional and courteous, but was understanding of my questions and made my visits very easy. Would highly recommend his services at Finer Custom Jewelry.
Alana VAlana V
22:15 18 Mar 24
We had a wonderful experience creating a custom engagment ring with Shimon. Shimon took the time to truly show us our options and helped shape our vision throughout the process.Shimon did a phenomenal job finding the perfect unique stone including similar stone options so we felt confident in our choice. It was such a fun process exploring our options and designing the perfect ring. Shimon is truly a master of his craft!
Ena DuriezEna Duriez
19:48 18 Mar 24
I absolutely love their jewelry, they have beautiful pieces. Highly recommend 👍
Monica J HairMonica J Hair
19:50 15 Mar 24
I had a custom bracelet made by Shimon and his team. From start to finish the process couldn’t have been more seamless. Genuinely a pleasure to work with Finer Custom Jewelry
Steven TocciSteven Tocci
02:32 07 Mar 24
Just got a new watch and needed a link removed. I found this store on Google and decided to stop in and see if they could help. Shimon doesn’t typically do watches, but he didn’t hesitate to stop what he was doing to help me. He took the time out of his day to help me and wouldn’t accept any payment. You can tell he takes extreme pride in his work and he will do whatever it takes to help his customers. I will absolutely be coming back and using him in the future!
Pamela SpearsPamela Spears
21:21 12 Feb 24
Shimon was very helpful, grand place finer jewelry sales. Would definitely recommend to everyone. Will definitely be back to this location
John HuntJohn Hunt
17:59 23 Jan 24
Great experience! Shimon helped me get a salt & pepper engagement ring. He understood exactly what I was looking for and the finished product greatly exceeded my expectations. Highly recommended!!
Sara TurnbullSara Turnbull
22:30 22 Jan 24
Shimon cleaned my wedding ring for me and made it look better than new. I couldn’t stop looking at it in the sun! I had forgotten its potential to shine like that. And Monica was a great help as well, they have an amazing and dedicated team 💍
01:24 05 Jan 24
My fiancé and I cannot say enough about Shimon and Finer Custom Jewelry. I had an heirloom ring from my mom, and two bands that I wanted to use to create a very specific ring, the ring of my dreams. After a lot of research, we found Shimon. Throughout the entire process, he was incredible. From our very first meeting where we went over my vision, to the final product. I feel so lucky to have found such a caring and talented jeweler. You can tell he takes such pride in his work, as he should because it is truly flawless. I would recommend Shimon to anyone I know. We are so thankful to have him to make our forever ring so incredibly special. It exceeded all our expectations and then some.
Laura VargasLaura Vargas
20:26 30 Dec 23
My fiance and I had a fantastic experience going through Finer Custom Jewelry for our wedding bands. Shimon and Monica both worked to create our dream rings within our budget. Would definitely recommend if you are looking for affordable, high quality, fast, and wonderful service.
Jacquie LymanJacquie Lyman
04:17 28 Dec 23
10/10 would recommend Finer Jewelery! I needed a repair on my wedding ring, and also wanted my engagement ring and wedding band soldered together. The service was incredible and the communication was as promised. Shimon is so kind and warm and friendly! My ring came back looking brand new!
Paige DimakosPaige Dimakos
23:15 04 Oct 23
Wonderful experience and customer service. Look forward to working with Shimon in the future.
Homa NikoHoma Niko
22:23 26 Sep 23
It was very nice meeting Shimon, he was very helpful on pricing my sister's ring. Very understanding and knowledgeable on jewelry. Thank you so much Shimon.
Kyle RootKyle Root
20:13 21 Sep 23
Shimon is a great guy super knowledgeable and I will definitely be coming to him again for my jewelry needs.
Lauren Van GyselLauren Van Gysel
18:18 18 Sep 23
Shimone was SO helpful and accommodating when I was selling jewelry! 10/10 experience and will be back!! :)
Roman MendezRoman Mendez
22:55 06 Sep 23
Great place. Shimon really helped me get a great offer on my diamond bracelet
Matthew RamirezMatthew Ramirez
18:25 01 Sep 23
Shimone was a pleasure to work with. He was both reasonable and fair when it came to selling a ring that I had been sitting on for a while. I would highly recommend Finer Custom Jewelry if you’re looking to sell any pieces. Shimone will treat you well.
denise drakedenise drake
22:23 29 Aug 23
Great experience working with Shimon. He had expert ideas about how to manage some antique jewelry and was super and helping us find the right rings!
Pure Air Service AZPure Air Service AZ
18:36 29 Aug 23
Thank you Shimon for your patience with me.I called finer custom jewelry to find a diamond ring to Propose my girlfriend and Shimon was really helpful and profesional.Really recommend.She said yessssss 😊
17:17 29 Aug 23
This place is absolutely amazing. The Jeweler Shimon did a wonderful job when pricing and inspecting the jewelry I brought in for sale. Extremely knowledgeable and very personable. recommend everyone comes here!!
Shelby KarrelsShelby Karrels
23:14 21 Aug 23
My experience with Finer Curation Jewelry was nothing short of phenomenal. Buying, selling, and creating custom jewelry can be a stressful and pressuring experience. However, from the moment I walked into Finer Custom Jewelry, I felt like a valued client. Shimon was patient, knowledgeable, and made the process so much easier than I had expected. If you are looking for a jeweler you can trust, you will find them here!
Sarah KanitschSarah Kanitsch
18:35 15 Aug 23
Amazing service! Helped immediately with the ring I had. Wonderful guy!!
Shane CsiszarShane Csiszar
23:49 07 Aug 23
Shimon was a pleasure to work with! Made the process very easy and enjoyable. We picked a beautiful emerald diamond, and I could not be happier with the quality of his work! I highly recommend Finer Jewelry!
Lauryn ScusselLauryn Scussel
03:27 20 Jul 23
Thanks to Shimon I was able to give my mom her dream Mother’s ring. It was done quickly and efficiently with great communication and a stunning product. A great company for your custom jewelry needs!!
Ryan BerryRyan Berry
17:19 11 Jul 23
Shimon was great to work with. We made a custom ring exactly how I drew it and my fianceé loved it. Will definitely come back for my ring!
Lisa HilchieLisa Hilchie
20:37 09 Jul 23
Shimon was very kind and professional. He responded quickly to my initial email, worked with my schedule to make an appointment, and took the time to answer any questions I had. I'm very happy with my decision to go to him.
Eli Garcia (ELI)Eli Garcia (ELI)
18:32 26 Jun 23
Ring came out perfect my Fiancé loved it, it fit perfect, I’d highly recommend this jeweler, also Shimon was very communicative and gave updates on the ring every chance he had, couldn’t have had a better experience.
Michael NedlerMichael Nedler
00:17 19 Jun 23
I had a big wedding anniversary coming and wanted to do something special for my wife. A friend suggested Finer so I contacted them. What a wonderful experience...Shimon led me through the process of picking an amazing diamonds as well as the perfect ring. My wife couldn't have been happier and I felt like a hero. I feel like a got an incredible ring for the money and will be back for the next occasion!
Arianna DohertyArianna Doherty
16:51 14 Jun 23
I needed to get two rings appraised and the process was easy and convenient. Shimon was able to meet with me the same week and got me the written appraisals within 3 days. I did not need to leave the items with him as some other jewelers require. I'm very pleased with the ease of working with Shimon.
Kayla ThurberKayla Thurber
02:32 16 Mar 23
I would give Shimon at Finer Custom Jewelry 10 stars if I could! He created an entirely custom ring for my fiancé just based on one Google image photo that she provided me. Before working with Shimon, I assumed I would not be able to afford a custom ring, but I was able to choose everything for the ring and stay perfectly within my budget. It was a very personal experience to create this ring and I felt heard by Shimon the entire time. (He even texted me to congratulate me on my engagement!) And he produced the most wonderful, amazing ring that will last for a lifetime! One final note: as a woman proposing to another woman, I was nervous to be judged when purchasing a non-traditional engagement ring. Shimon made me feel SO comfortable and validated. I could not recommend his services enough.
Daniel GoldbergDaniel Goldberg
00:55 03 Mar 23
My entire experience with Shimon was incredible start to finish. I came in with just an idea of what I wanted for an engagement ring. He took the time to explain the different options, settings and styles that would match my idea. Needless to say, the ring turned out beautifully and she loved it. Most importantly, Shimon was honest and fair. We will definitely be going back for all of our future needs.
Sarah RisiSarah Risi
18:47 14 Feb 23
Shimon helped me elevate my engagement diamond to a beautiful channel set band with my birthstone sapphires. I couldn’t be happier with the quality of his work!
Kyle BelskiKyle Belski
23:50 07 Feb 23
Shimon is the man! He took the time to help us design my fiancé’s ring just the way she wanted it. She now gets compliments on her ring on a daily basis. Shimon also got us a high quality diamond at a more than fair price. I recommend Finer Jewelry for all of your jewelry needs!
Aalia FuellerAalia Fueller
19:49 07 Feb 23
I’ve been working with Shimon for a year. I had all my mother’s diamonds reset. He helped me recreate a ring setting that joined my mom and dads diamonds so I have them with me at all times. He repaired many pieces and restrung my mom’s pearls. He’s a true professional and an amazing person. He and his wife have created an awesome business.If you want to design your own piece or buy one, Finer Jewelry is the place to go!
Lena GonzalezLena Gonzalez
17:10 25 Jun 22
Thank you to Shimon for this amazing diamond ring!! If you’re struggling looking for a jeweler in Arizona, you have to choose Finer Jewelry! He was very attentive to what I wanted and made me feel listened to throughout the entire process. He was truly a pleasure to work with, I could not recommend him enough!
Dania KassabDania Kassab
18:43 09 Jun 22
I’ve been looking for a yellow diamond ring for a while now and I’m so glad I foundation Finer Jewelry!!! Shimon showed me a variety of diamonds and made sure I was in love with the specific stone and shade of the diamond. Shimon made sure to educate me on my purchase which I really appreciated because I honestly didn’t know much about diamonds before meeting with him. I could not be more obsessed with this ring, so thank you so much Shimon for helping me find my dream ring!!!
Ashley BoldAshley Bold
07:24 29 Jan 22
If you are looking for a jeweler in the Scottsdale/Phoenix area, look no further. As we began shopping for an engagement ring we went to a number of different jewelers in the area but no one offered the same level of customer service as Shimon at Finer Jewelry! He was so helpful and caring throughout the entire process of designing my dream ring. I get so many compliments on my ring and it’s all thanks to Finer Jewelry!!
22:48 24 Dec 21
I was gifted diamonds from my mother and both grandmother’s wedding rings and I wanted to make my own wedding ring with them. I was able to schedule an appointment the following day and began working on the ring design. They were so thorough in making sure the fit and design was just right by making 3D imaging and wax molds for you to see before the ring is actually made. The whole process took about a month from start to finish and you can’t beat the price! I’m beyond happy with what they made for me. It’s truly something special.
18:36 14 Dec 21
After sharing our diamond CCC wish list with Shimon we sat back and waited. Shimon took us seriously and carefully watched the exchanges for "our stone". He found us a nearly flawless diamond that presented 30% larger than its weight! We then asked Shimon to craft a setting that required specially cut supplemental diamonds. Shimon's relationships with diamond cutters and his goldsmith made it possible for him to deliver our dream setting with our own "hope" diamond! Shimon is personable, very fun to work with and completely transparent. He and his stones are priceless!
Deanna HuntDeanna Hunt
17:35 04 Nov 21
Amazing experience. My favorite diamond jeweler in Scottsdale. A custom experience, fair prices, honest, top quality. What more can I say!
Candace HagermanCandace Hagerman
00:03 08 Sep 21
Shimon did an amazing job understanding what I wanted in my ring. After picking out my main stone he found two that perfectly coordinated. It turned out so much more than I hoped. Will definitely recommend and return.
Robbie BurtonRobbie Burton
23:20 03 Aug 21
I found the staff to be more than happy to assist in the design and creation of a true family heirloom. The process of collaboration with this jeweler was such a joy. Me and my family will treasure this for a lifetime. Thank you so much. A truly happy customer.