The laboratory grown diamond sector bears similarities to the fast fashion industry, whose inexpensive, mass-produced, rapidly depreciating styles may conceal resource-intensive production costs. And for sustainability-minded diamond consumers, that’s one of the dangers of greenwashing: verifying claims of laboratory grown producers’ sustainable practices is nearly impossible. For laboratory grown diamonds, the main constraint is each company’s production capacity, so the price increase by carat is linear. And laboratory grown diamonds may not all be as environmentally or socially friendly as they seem.It’s impossible to characterize the category of laboratory grown diamonds as having an overall neutral or positive environmental impact. Such transparency helps consumers consider which product best aligns with their sustainability awareness.Many consumers assume laboratory grown diamonds are sustainably produced because they do not involve mining.

Source: Forbes January 05, 2024 18:36 UTC