Cultured Diamond Industry
The synthetic diamond industry has a long history, and is just reaching the availability of gem-quality diamonds.
Pinnacle of Achievement
Lab-created diamonds are the pinnacle of human achievement. It took longer to perfect the process of making gem-quality diamonds than it did to visit the moon, make an atomic bomb, create the Internet and develop many other industries and products that are considered common conveniences today.Krecthmer tension-set ring to an elegant D.NEA solitaire, our diamonds are artfully displayed in platinum and eighteen karat gold jewelry for a lifetime of wear in an engagement ring. We honorably present many of our fashion pieces in a chic platinum-silver alloy, allowing anyone to own lab-created diamond luxury for as little as $215.
Lab created diamonds are few and far between, yet are available in beautiful blues and vibrant yellows. Just a handful of gem-quality lab diamonds are produced every month, whereas hundreds of millions of carats of natural diamonds are mined every year.
There is a misconception that production of diamonds will follow paths similar to electronics, yet diamonds are not merely an assembled product. The growing of a diamond is the creation of a raw material, and this production is guided by the laws of nature, not by economics. Each diamond is grown one-at-a-time in a highly controlled environment, in which diamond crystals naturally form under. Each machine is prohibitively expensive and only produces a few diamonds per month.
To have lab grown diamond producers match the production capacity of just 10% of the mined diamond industry, we would have to output 15,000,000 carats per year. The equipment costs alone would easily cost over $10 billion dollars. In that circumstance, it is more cost effective to prospect for new diamond mines than it is to build a diamond growing facility.
Given the scalability costs noted above, and the fact that diamonds are a raw material rather than an assembled good, we predict the long term pricing will remain stable, if not increase. The pricing of raw goods, like diamonds, can best be compared to an industry like steel, rather than electronics. Steel has been produced for thousands of years, yet there has been comparatively little progress in improving the processes, yield, quality and properties, meanwhile the production costs have remained relatively stable.
We are so confident in the long-term outlook, we offer a lifetime trade-up for each and every one of our diamonds. There are very few, if any, retailers that offer similar policies for mined diamonds.