Let’s take a close look at the top reasons why people say they DON’T like Lab Gemstones.
Reason 1: Lab Gemstones Are Considered A Disruptive Technology
Anything new and revolutionary is going to upset the old ways. Something that is challenging the status quo of the old guard way of doing things. Think about how much the older generation criticised Bitcoin when it was first becoming popular. That was nearly 15 years ago, and Bitcoin is still here and still reaching higher highs making many of the younger generation filthy rich.
In a similar way, Lab Grown Gems are providing consumers with a real alternative to the very few companies (think Cartier, Tiffany and Co. & De Beers) who have had control of the gem market for well over 100 years. Of course, this is going to get a few noses out of joint, but that doesn’t mean it isn’t a good thing.
In reality, we predict that we will actually see these older companies adopt Lab Grown technology to their own range before the end of the decade much in the same ways as old institutional banks have all opened up Cryptocurrency trade desks and departments.
Reason 2: Lab Gemstones Lack Prestige
Some claim that Lab Gemstones are devaluing the prestige of owning a natural stone:
There has been a long tradition of spending excessive amounts of money on a diamond ring for an engagement, which took people months or years to earn in some instances. Hence, due to the traditional prices of natural gemstones, there has also been significant amount of prestige associated with wearing diamonds or other precious gems.
Now that Lab Gemstones can create identical gems at a fraction of the price, gems which are chemically and visually identical to the natural ones are available to everyday consumers at a much more realistic price point.
Some say that this devalues the status of wearing a gemstone, considering that you cannot tell the difference between the natural or lab created versions unless you have specialist equipment and are a connoisseur of fine gems.
We would argue differently, diamonds and precious gems are beautiful no matter where they came from. This is why people liked wearing them in the first place, not due to their price. Irrespective of how they were created, my man or by nature, they are essentially the same thing and so is their sparkle.
Reason 3: Lab Gemstones Affect the Value & Price of Natural Gemstones
Contrary to what you may immediately think, Lab Gemstones may actually devalue natural gemstones.
Some of the old guard are concerned that instead of seeing the value of natural gems continue to rise due to their scarcity compared to lab options, prices could actually fall due to Lab Gems.
This is because there could also be a sharp drop off in the demand for natural gems which will cause the natural stones to actually fall price.
This is das to the basic economic principle of supply vs demand. If there is no market for natural diamonds and gems, then the companies that are mining them will not be able to sell them at their current prices anymore. This will cause them to have to reduce their prices in order to find buyers.
We would argue that this would actually be a good thing for two reasons.
One, because the prices of natural gemstones are significantly inflated and have been for many years due to a handful of companies having a stranglehold on the market. And two, if the prices come down significantly enough, then the companies mining them will not see a large enough profit margin to continue mining them at all.
Reason 4: Lab Gemstones Simply Are Not Real Gems
This final argument is more of a personal preference but is also very easily debunked. We have debunked this argument many times and will continue to do so as the consumer further educates themselves on this point. Lab gemstones are identical to naturally occurring gemstones. Period. Check out our post on Lab Diamonds vs Natural Diamonds for more.
Firstly, Lab Grown Diamonds are real diamonds. As we say regularly, lab created diamonds are identical to mined diamonds save as to how they are made. One takes millions to billions of years to create by natural processes, the other take a few weeks in a lab. However, the end result is the same.
Secondly, diamond alternatives, such as Moissanite gems are also real gems. A moissanite is similar to a diamond in some respects in that it is also incredibly hard and is colourless, however, it is not necessarily just a diamond substitute. Moissanite are real gems in their own right but some people prefer to have these gems as they have more fire and brilliance than diamonds.
Final Words on Lab Gemstones
It is always going to be a personal preference how someone feels about something as personal as jewellery. Especially an Engagement ring which is supposed to be given as a symbol of eternal love and devotion. Of course, someone would like to be able to have that symbol be as perfect as possible. However, when you take into consideration the options available to the consumer today, there are so many more options to choose from which are suitable to your criteria. These can be price, sustainability or simply a preference of selection.
If you are in the market for a Engagement Ring, be sure to check out our selection of Lab Grown options. We have scoured the net for designers and manufactures of Lab Gemstone jewellery so that you may find the best options all in one convenient place.
If you are in the market to buy a gem online, also do not forget to read our reviews of the various online jewellers who are selling lab jewellery as well.
As always, if you have any questions for us, please drop us a message or let us know in the comments box below and we will get back to you as soon as we can. Happy Shopping!