Technologies have made many things possible that seemed to be impossible in the beginning. This fact remains true even when it comes to diamonds. Technology has made it possible to create diamonds in laboratories. These lab made diamonds are real diamonds that exhibit the same physical, optical, and chemical features of naturally mined diamonds. Just like a natural diamond can be characterized into 4Cs, lab diamonds can also be characterized. These 4Cs are – cut, clarity, color and carat weight.
Nowadays, lab-grown diamonds are getting a lot of popularity and this has made a huge impact on the overall market. Want to know more about how much these lab-grown diamonds have impacted the market? We are here to offer you a detailed evaluation of the impact. You can know how much the impact is and why lab created diamonds have such a huge impact. Read on.
Growth of the market
In recent years, the market of lab-grown diamonds has experienced huge or significant growth. These diamonds are created in a safe laboratory environment and are not naturally mined from the earth. The primary reason for the increased demand for lab diamonds is the price. You can get a lab diamond at almost one-third the price of the mined diamonds with similar characteristics. Moreover, the other reasons for the growing popularity are ethics and being environmentally more responsible.
Consumers prefer to buy lab grown diamonds because they can get the same diamond at a much lower price and also it is ethically a better choice to make. Thus, the demand for lab grown diamonds is increasing day by day. More and more people are interested in buying lab created diamonds. According to a report, the market of the lab created diamonds was valued at about $16.2 billion in the year 2019. But it has been projected that this value can increase and reach $29.9 billion approximately by 2027 and about $55.6 billion by 2031.
The total CAGR i.e. compound annual growth rate of the market is approximately 9.8%. This exponential growth of the lab-grown diamond market has been noticed all over the world. Hence, many people are investing in buying these man-made diamonds. But while investing, make sure that you are buying from the best and most reliable store. So, you can purchase the Rare Carat lab diamond you.
Know more about Rare Carat
RareCarat.com is one of the most reliable and leading diamond online stores. This marketplace has a vast collection of natural diamonds as well as man-made diamonds. You can browse through the diamonds from the most reliable sellers all around the world here at Rare Carat. You can also compare the prices and check the quality score before you make the purchase.
All the diamonds here are GIA certified and are available at the best prices. So, you can shop for the highest quality diamonds on deals too. You will get exceptional customer support service along with free shipping that is completely insured. In case you want to make a return, you can do that in a hassle-free way. In addition to all these, we also offer a free consultation with an experienced gemologist.
Get the best deals on RareCarat.com
As mentioned above, Rare Carat is not only a great online store with a huge collection of diamonds but it also offers great deals. These deals can be really helpful for you to save a lot of money. But how can you find these deals? There are certain ways in which you can get these deals. Firstly, you have to go straight to www.RareCarat.com where you will find a lot of options.
Do you have to select ??Buy Diamonds’ and then you can choose the filters according to your preferences. Select what type of cut, clarity, color or carat weight that you are looking for in a diamond. Once you have chosen that, you can select the ?? Rare Carat Deal Vault option. This will help you to showcase all the diamonds that are currently available on some deals.
Based on the reviews of Google Business Profile and TrustPilot, Rare Carat has a rating of 4.9 out of 5. This is pretty impressive! It is completely safe and legit to buy diamonds from RareCarat. Just log in and browse through the diamonds there. You will simply love it! Go ahead and invest in some lab made diamonds.