There is no doubt that they are real diamonds. They are created using the same chemical and physical processes that happen naturally inside the earth but are grown in a controlled laboratory environment where a starter seed of diamond crystal gradually becomes bigger as more and more carbon atoms are deposited on it. Scientifically, lab made diamonds are exactly the same as natural diamonds chemically, physically, and optically. They are therefore considered to be real diamonds. The two leading authorities on diamonds, coloured stones, and pearls, IGI and GIA, both grade lab created diamonds using the same scale and methodologies used on mined diamonds. Visit our lab diamonds guide to read more about this.

Diamonds grown in laboratories are about 75% less than diamonds mined from the earth. The exact price difference will depend on various factors such as the size, quality, and specific type of diamond, but on average, it’s a known fact lab diamonds in Australia are around 75% cheaper than natural diamonds. This is because the cost of producing rough lab stones is much lower than the cost of mining and extracting rough natural diamonds from the earth. In contrast, to become retail-ready, a rough diamond must go through all the same processes, including cutting, polishing, and certification, whether it comes from a mine or a lab. For example, a mined diamond costs $10,000, while an equivalent lab created diamond in Australia costs $2,500.

There is no difference between man made diamonds and mined diamonds; the same methods are used to test both diamonds as they are for natural diamonds. Both stones are chemically, physically, and optically identical, so they will exhibit the same properties and characteristics when tested. Among these are hardness, refractive index, thermal conductivity, and other unique characteristics of diamonds, whether they are mined or lab made diamonds.

Inclusions are also present in most lab diamonds, just as they are in natural diamonds. Inclusions are natural imperfections that are found within diamonds, and they can occur in both lab and natural diamonds. Inclusions can take many forms, such as tiny bubbles or carbon deposits trapped inside the diamond as it formed. Just like natural diamonds, most diamonds created in labs have flaws, and only very few become flawless. For more information about diamond clarity, check out our 4Cs guide.

Yes, you can insure it the same way you insured a mined diamond; lab made diamond in Australia are treated like mined diamonds, so they can be insured the same as mined diamonds. You can purchase insurance through your specialized jewellery insurance policy. Your insurance policy will typically cover the cost of replacing or repairing your ring if it is lost, stolen, or damaged. Understand what is covered and what is not by your insurance policy by reading its terms carefully.