The lab diamond market in Canada is rapidly growing, with more and more couples choosing lab-created diamonds as their engagement ring of choice. Lab diamonds offer a variety of benefits over mined diamonds, from environmental protection to affordability, making them an increasingly attractive option for couples looking for the perfect symbol of their commitment.
The lab diamond market in Canada has been growing steadily over the past few years, and it shows no signs of slowing down. According to the Canadian Jewelers Association, lab-created diamonds accounted for 14% of all diamond jewelry sales in 2019, a number that is projected to rise to 20% by 2023. This is an impressive figure, given that lab-created diamonds were only introduced to the Canadian market in 2018.The rise of lab diamonds in the Canadian market can be attributed to a variety of factors.
For one, lab diamonds are much more affordable than mined diamonds, making them an attractive option for couples on a budget. Lab diamonds also offer a variety of other benefits over mined diamonds, such as being conflict-free, eco-friendly, and more customizable.
Lab diamonds are conflict-free, meaning they are not sourced from areas of conflict, and therefore do not contribute to the funding of armed groups or human rights violations. This is an important factor to consider when choosing an engagement ring, as it ensures that the precious stone is ethically sourced and that couples can be sure their money is not contributing to any kind of violence or oppression.
Lab diamonds are also much more eco-friendly than mined diamonds. Mining for diamonds requires a lot of energy and resources, and the process can have a negative impact on the environment.
By contrast, lab-created diamonds are created in a controlled environment, eliminating the need for any kind of destructive mining.
Finally, lab diamonds offer much more customization options than mined diamonds. Lab diamonds can be cut, shaped, and set into various ring designs, giving couples the opportunity to create a unique and personalized ring.
This is a huge benefit for couples who want to express their own style and personality through their engagement ring. Overall, lab diamonds offer a variety of benefits over mined diamonds, making them an increasingly attractive option for couples looking for the perfect symbol of their commitment.
Lab diamonds are more affordable, conflict-free, eco-friendly, and more customizable, making them an attractive option for couples on a budget who want to express their own style and personality through their engagement ring.