Millennials and Generation Z are becoming more aware of social injustices, including the destruction of Africa’s communities by mining diamonds for use in engagement rings. With greater access to social media and the internet, they have become more knowledgeable about the destructive impact of this industry.
After all, an engagement ring is considered a symbol of love and romance, but the history of diamond mining in Africa goes against this idea. As a result, millennials and Generation Z are becoming increasingly interested in lab-grown diamonds, and more are opting for them as a sustainable alternative to mined diamonds.
Lab-grown Diamonds
Today, millennials and Generation Z are increasingly embracing lab-grown diamonds as an alternative to conventional diamond engagement rings. These diamonds are not only affordable, but they are also more sustainable and environment-friendly. The millennial generation is particularly enthusiastic about this type of diamond. According to the study, 72% of millennials said they would be interested in owning a lab-grown diamond in the near future.
The beauty of man-made diamonds is that their characteristics are similar to those of natural diamonds. This is a big plus for millennials, who value uniqueness. Moreover, lab-grown diamonds are not associated with any social and environmental harm. As a result, millennials and Generation Z are increasingly embracing these diamonds for their engagement rings and other precious jewelry.
Mined Diamonds
Millennials and Generation Z are among the most price conscious consumers in the world and many of them are choosing lab-grown diamonds over naturally-mined ones. They prefer lab-grown diamonds because they are more affordable and environmentally friendly. They also prefer purchasing products that support causes and are socially responsible.
Although the cost of mined diamonds is still more expensive than lab-grown ones, the differences between the two are small and easily understood. The cost of producing grown diamonds is around 30% less than that of a mined diamond. Millennials and Generation Z are increasingly embracing these diamonds for their engagement rings and other precious stones. Lab-grown diamonds have the same carbon composition, chemical, physical, and thermal properties as natural diamonds, and as such, they can be a sustainable, green option to consider.
America’s #1 source for unbiased advice on loose diamonds
We’ve been fans of Rare Carat since the website launched back in 2016. It’s a clever little site that sources the best deals on diamonds from across the web – think of it like Skyscanner or Expedia, but for diamonds instead of flights and hotels. Extremely easy to use with extensive results no matter what your search criteria, it should really be your first port of call on your diamond search.
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Staying true to form, the report could not be simpler to use. Simply type in the GIA report number of your chosen diamond, click ‘get free report’, and in no time everything you really need to know about that gem will land in your inbox. Don’t have the GIA number? Copy and paste the link to the diamond you’re looking at instead. It’ll take a little longer, but you’ll still get your report within 24 hours. You can also opt to get Rare Carat’s deal rating and a gemologist review (from a real-life, human being gemologist!).
