Sales of lab-grown diamond jewelry soared 51% in the 12 months leading up to November, while sales of loose lab-grown diamonds grew 47%, Tenoris data shows. But prices for lab-grown diamonds have actually been declining since 2015, the year they first started to become mainstream.

Younger generations are now opting for man-made diamonds over their natural counterparts. Millennials and Gen Z are leading the charge in embracing these lab-grown gems. This is challenging long-standing traditions and reshaping the way we think about luxury and sustainability.

We use our laboratory-grown diamonds (LGDs) to improve the efficiency, performance and reliability of industrial tools, electronics and technology. And for Lightbox Jewelry, we use laboratory-grown diamonds to create fun pieces of jewellery at an accessible price.

Contrary to what you might assume, lab-grown does not mean fake. A lab-grown diamond is essentially the same thing as a natural diamond. So, buying a lab-grown diamond is preferable to purchasing a synthetic option, such as a cubic zirconia.