In the market for a diamond? Stones that are manufactured, not mined, are gaining in popularity

More consumers are choosing diamonds that are created in labs over those that have been mined, both as a way to save money and for ethical and environmental reasons. These lab-grown diamonds now make up nearly 20 per cent of the global diamond jewelry market.

In the market for a diamond? Stones that are manufactured, not mined, are gaining in popularity
Diamond expert Michael Nehme holds a lab-grown diamond at the Vrai Yorkville, Toronto, showroom on Dec. 8, 2023.

More consumers are choosing diamonds that are created in labs over those that have been mined, both as a way to save money and for ethical and environmental reasons. These lab-grown diamonds now make up nearly 20 per cent of the global diamond jewelry market.