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Why Buy Synthetic Diamonds?

As it is already roughly mentioned about why synthetic diamonds can be better, you will learn here more about why such reasons were raised.

Ethics. It was mentioned in the other post that many diamond buyers are so keen as to where their diamonds came from in the hopes that they are paying for the right source. There have been diamond mines that were rumored to be associated with the infamous “blood diamond”, wherein diamonds are mined for the purpose of selling them to fund conflicts and other rebellion in a number of countries in western and central Africa. According to Amensty International, the profits that were generated from blood diamonds were used by rebels and warlords in buying arms during the wars that took place in Angola, Sierra Leone and the Democratic Republic of Congo.

Cost. Every diamond buyer knows how natural diamonds can be very pricey. And experts have pointed it out that young couples can barely afford the natural diamond, so it is better that they spend those thousands of dollars that are left spent on more important things.

Just take this following information in:

  • A one karat synthetic diamond can cost about USD6,000, which is cheaper compared to a natural one karat diamond of similar quality which is priced at USD10,000.

  • A 3.04 karat weight synthetic diamond is sold at a price of USD23,000, while a similar quality yet natural diamond can cost about USD40,000.

 

Trust. Lastly, it can be quite difficult to tell which of the diamond is synthetic or natural when you compare them closely. This is because the quality of synthetics are so high that the diamond industry has acknowledged that there is a rise of demand for it.

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