Ethically Sourced, Certified Lab Grown Diamonds – Friendly Diamonds
Diamond Industry – Snapshot
The discovery of diamonds in the 4th century B.C marked the advent of humankind’s fascination with this sparkling, radiant gemstone of nature. The world’s diamond industry is pegged at $26.7 bn USD, a staggering number considering that diamonds are a high-value, luxury commodity. Of this, the United States takes up 48% of the market share for polished diamonds, accounting for a whopping $12.8 bn in revenue.
These staggering figures speak volumes of the escalating demand for diamonds, which saw a historical drop only in COVID times. India is at the apex of the diamond industry, with 98% of the world’s rough diamonds ending up in India for polishing. In 2021, the total gross diamond export of polished diamonds from India was up 146%, by $2.26 billion, in the aftermath of COVID.
Diamond production has seen a drop in the first quarter of 2021, where the global production of rough diamonds fell by 22%, with the closure of Australia’s Argyle mine, Canada’s Ekati mine, and the decrease in rough diamond supply owing to COVID restrictions. The cessation of diamond mining operations will ensure the containment of environmental depletion, as diamond mining is a resource-intensive activity.
Africa, renowned for the diamond rush, is in dire straits with zero to scarce water resources, a situation that will become dire by 2025. It is said that one in three Africans lives with water scarcity, a staggering 230 million people. This is a potential fatal reality for any human settlement, exacerbated by the prolonged mining operations in the region over nearly a century.
Seeking Alternatives to Mined Diamonds
Aside from water depletion, deforestation, climate change, and other irreversible damage to the planet’s ecological system, diamond mining is a luxury the world can ill afford. And yet, there is a teeming market for polished diamonds, which has given rise to the only ethical alternative to mined diamonds, lab diamonds. The global lab diamond industry is projected to reach $49.9 billion by 2030, which clearly means lab diamonds are the future of the diamond industry.
The luxury of diamonds, free from human, natural, and ecological conflict, is made possible through the influx of lab-grown diamonds, aided by years of inbred research and giant technological leaps. Lab grown diamonds are created through the High-Pressure, High-Temperature process (HPHT) and the Chemical Vapor Deposition (CVD) process. These diamonds are physically, chemically, and optically the same as natural, mined diamonds. The lab-grown diamonds are created in a strictly regulated, protocol-driven closed environment, far exceeding the mined-diamond industry standards.
If still not convinced, lab diamonds are, in every way, superior to natural, mined diamonds, even in the way they sparkle. Due to the controlled processes, lab-grown diamonds have less than 0.05% external contaminants than the 0.5% mined diamonds, resulting in more incredible sparkle and radiance. And the best part is, the lab diamonds are at a 30% differential from natural diamonds, bringing better color, carat, and cut, within reach of buyers.
Friendly Diamonds -The Ethical Diamantaire
Friendly Diamonds is an online jewelry brand dedicated to the cause of creating an eco-friendly and sustainable diamond industry. With just one click of a button, you can browse through an online inventory of 100% certified and conflict-free lab grown diamond jewelry that resonates with your style.
Known for their sparkling engagement rings, wedding bands, and fine jewelry pieces, the brand allows you to create your own lab grown diamond jewelry from scratch, allowing you the freedom to style your lab grown jewelry just the way you envision. You can also opt for a free online consultation with an expert gemologist and a diamond specialist guiding you every step, to choose the perfect lab grown diamond for your engagement ring.
With features like a lifetime, lab grown diamond upgrade, free shipping, and a 30-day no-questions-asked returns policy, the brand offers a problem-free solution to all your diamond jewelry needs. And since every diamond used is sourced ethically, you can enjoy a guilt-free lab diamond jewelry experience, while celebrating special landmark moments of life.