Do They Live Up to the Hype?

Image by Plum Diamonds, a women-owned Responsible Jewelery Council-certified jewelry company that makes lab grown diamonds in its own facilities. 

The diamond industry has been rife with controversy for decades, both humanitarian and environmental. Recently, there has been a growing hype around lab-grown diamonds, which many see as a more ethical and environmentally conscious alternative to traditionally mined diamonds. The brands producing them certainly market them that way. 

Research has shown that nearly 70% of millennials, the demographic that comprises a majority of the market for diamonds for engagement rings, would consider a lab-grown diamond for an engagement ring. In addition to ethical and environmental reasons, many stated the lower cost of lab-grown diamonds as an important factor in their decision. According to a report conducted by Bain, the price of lab-grown…