Quantcast
Environmental News for a Healthier Planet and Life

Lab-Grown Diamonds, a 2020 Trend

Sponsored
White gold man-made diamond solitaire engagement ring. Clean Origin

While keeping track of the new trends in the diamond industry can be hard, it is still an essential task of any savvy consumer or industry observer. Whether you are looking to catch a deal on your next diamond purchase or researching the pros and cons of an investment within the diamond industry, keeping up with the trends is imperative.


Like any industry, the diamond industry is always evolving. This year, manufacturers and consumers alike should be prepared for the changes that the industry will undergo, largely because millennials will be taking over the customer base. Not sure what's to come? Here's everything you need to know about diamond industry trends in 2020.

New Trends in the Diamond Industry

Rose gold lab-created diamond solitaire engagement ring. Clean Origin

2020 will be a big year for the diamond industry and we've got you covered. Here are the top trends in the diamond industry that you need to know about.

Millennials Are Shaping the Industry

Love it or hate it, millennials are changing the diamond industry. However, while millennials have a reputation for "killing" industries, it would be a mistake to believe that the diamond industry is dying simply because the customer base is changing.

Millennials are making more financially conscious decisions regarding diamond purchases. Many Millennials regard diamond purchases as an investment into the future just as equally as they look at it as an investment into the relationship.

That said, millennials are looking for the most cost effective options that fit within their budget and lab-grown diamonds fulfill all of their needs. So, while the industry is changing, it's not dead. In fact, it might experience its highest growth ever in the coming years, so long as manufacturers consider new trends and act accordingly.

Non-Traditional Options

White gold lab-grown diamond classic engagement ring. Clean Origin

Lab-Grown Diamonds

It's already been said, but it's worth repeating — millennials are the future of the diamond industry. As with every demographic before them, in order to survive, the industry must make some changes according to the issues of the day.

Many millennials regard climate change and eco-friendly practices as a top deciding factor in their purchases. If your company or brand has environmentally unfriendly practices or is simply towards the end of its mining life, it's imperative to consider making some eco-friendly changes.

Lab diamonds have a significantly lower impact on the environment than mined diamonds. Not to mention, lab-grown diamonds don't differ from mined diamonds in the eyes of a consumer. In fact, mined diamonds and lab-grown diamonds differ only in the eyes of an experienced jeweler who is able to read the microscopic inscription on the bottom of the lab diamond.

Overall, lab-grown diamonds have not only increased in popularity, but they are also on the verge of changing the industry. As a less-expensive option that is on par with even the most expensive diamonds, lab-grown diamonds offer the eco-friendliness and affordability that most consumers are looking for.

Other Diamond Alternatives

Outside of lab-created diamonds, other alternatives have popped up as options for couples who'd like to opt out of going with a traditional mined diamond. Although man-made stones are leading the charge in terms of popularity, salt & pepper diamonds, moonstones, and moissanite have also gained traction for being "outside the box" and "non-traditional."

Key Takeaways

Whether you're an industry observer or a savvy consumer, it's important to pay attention to the trends in the diamond industry. Following these trends can help you to prepare for anything from stock drops and saving big on your next jewelry purchase. As the purchasing demographic changes, so will the industry. Millennials are coming out in a big way and shaking up the industry. The need for new mines, lab-grown diamonds, and other diamond alternatives are all big things to look out for in the diamond industry in 2020.

EcoWatch Daily Newsletter

Pexels

By Charli Shield

At unsettling times like the coronavirus outbreak, it might feel like things are very much out of your control. Most routines have been thrown into disarray and the future, as far as the experts tell us, is far from certain.

Read More Show Less
Pie Ranch in San Mateo, California, is a highly diverse farm that has both organic and food justice certification. Katie Greaney

By Elizabeth Henderson

Farmworkers, farmers and their organizations around the country have been singing the same tune for years on the urgent need for immigration reform. That harmony turns to discord as soon as you get down to details on how to get it done, what to include and what compromises you are willing to make. Case in point: the Farm Workforce Modernization Act (H.R. 5038), which passed in the House of Representatives on Dec. 11, 2019, by a vote of 260-165. The Senate received the bill the next day and referred it to the Committee on the Judiciary, where it remains. Two hundred and fifty agriculture and labor groups signed on to the United Farm Workers' (UFW) call for support for H.R. 5038. UFW President Arturo Rodriguez rejoiced:

Read More Show Less
Sponsored
A woman walks to her train in Grand Central Terminal as New York City attempts to slow down the spread of coronavirus through social distancing on March 27. John Lamparski / Getty Images

By Julia Conley

A council representing more than 800,000 doctors across the U.S. signed a letter Friday imploring President Donald Trump to reverse his call for businesses to reopen by April 12, warning that the president's flouting of the guidance of public health experts could jeopardize the health of millions of Americans and throw hospitals into even more chaos as they fight the coronavirus pandemic.

Read More Show Less
polaristest / Flickr / CC BY-NC-ND 2.0

By Melissa Kravitz Hoeffner

Over six gallons of water are required to produce one gallon of wine. "Irrigation, sprays, and frost protection all [used in winemaking] require a lot of water," explained winemaker and sommelier Keith Wallace, who's also a professor and the founder of the Wine School of Philadelphia, the largest independent wine school in the U.S. And water waste is just the start of the climate-ruining inefficiencies commonplace in the wine industry. Sustainably speaking, climate change could be problematic for your favorite glass of wine.

Read More Show Less
Pixabay

By Rachael Link, MS, RD

Spinach is a true nutritional powerhouse, as it's rich in vitamins, minerals, and antioxidants.

Read More Show Less