I’m a jewelry artist/Metalsmith and I tried many years ago to sell lab grown gemstones because I thought it was better for the earth and because they were still real. But I just couldn’t sell them at the time. There was so support from the industry and my customers wanted natural. I’m so glad the industry has finally come into the future of gemstones. I have begun to bring them back into my work and am finally able to sell them!
@@PsychedelicSmurfamber, wood, shell, pearl, glass, porcupine quill, all precious stones, even plastic, but not lab processed carbon selling for $1000's.
Like so many others I respond to precious and semi precious stones, pearls, glass, porcupine quills, beads, wood, amber, paste jewelry that screams I am fake and fabulous, I have even had plastic jewelry that had soul. But none of these things are pretending to be special or rare. So it must be the expensive pretense that bothers me. Lab diamonds are not cheap.
Years ago I read a book & watched a doc on how De Beers controlled the monopoly on diamonds. Really interesting. London syndicate, site holders, even directions for executives to flee US quickly.
@@samanthab1923 I believe it was 20/20 that some years ago explained how DeBeers manipulates demand as well as supply. When they are overstocked on large diamonds, for example, they advertise that if man really loves his wife, he will give her a big diamond. Then when they are overstocked on small diamonds, their ad agency tells us that if a man really loves his wife, he will give her a bunch of little diamonds.
John D That sounded familiar so I looked it up. It was a Frontline episode from 94! Called the Diamond Empire. All about the Oppenheimer's. Thanks for jogging my memory. Tough getting old 😃
As a jeweler, its awesome seeing this story getting out to a wider audience. There are upsides and downsides to both lab created and natural diamonds. But for jewelry, diamonds are the ideal choice for anyone who expects who wear a gemstone all day every day for their whole life. And even then they can still break. From a longevity standpoint, and if you plan to have regular repairs done to keep your jewelry beautiful, diamonds are the best choice for that. Its all about knowledge and choosing whats right for you and your priorities.
The only natural earth diamond that can break are the ones that are clarity graded VS 1 and down, because of inclusions and surface blemishes! Lab created diamonds are cut so too not have any inclusions or blemishes , that makes them Type II A Flawless clarity ! And that is the reason why earth diamond mining is started in the 1st place, to get at diamonds of that caliber!
Technically No there Not! Around 3200degs.F , and these things are... BurnBaby Burn!!! Also discovered... they can be eaten up back into black carbon with a 3 acid mix and hydrogen peroxide , called "piranha acid" ! And once it's made, it can never be put in anything but glass! How about that, it eats thru everything, but glass .... silicone?
I love man made diamonds. All the big tv shopping networks heavily promote man-made diamonds. The jewelry I have ordered has been exquisite at half the price.
Better yet get a lab created diamond. Zero issues with blood diamonds or destruction of the environment. Seems the younger generation isn't falling for spending a years worth of your paycheck for a shiny little rock. So the P.R. begins to try and change their minds.
Ummmmm....where do you think the raw materials come from? Amd I suppose all of the lab grown facilities enormous power use is from sunshine and rainbows and the buildings are built from happiness and lollipops? The Lab Diamond Industry has BIG Marketing money behind it to cover it's REAL footprint.
All Lab Growns are "supposed" to be laser inscribed on the side. But some unscrupulous people will polish away that. Just like a carfax or VIN number. Very small percentage, but it happens.
That's not really accurate. All of the synthetic rubies I own fluoresce red, just like a natural ruby. There was (is?) indeed a company (I believe it is Ramaura) that voluntarily introduced impurities into their flux-grown rubies to make the fluorescence more yellowish, but they certainly weren't required to do so.
My Son was FOOLED into buying man made diamonds 4K + he spent, he later needed the cash so I took the rings to a Jewelry shop they told me they were WORTH LESS. The Jeweler told me man made were nothing but a total rip-off
She is wrong at 5:29 saying that lab grown diamonds can't be called synthetic. The FTC guidelines state that lab grown and synthetic are the same if they possess all the characteristics of a natural diamond. Most people including those in the jewelry industry believe that synthetic is the same as imitation.
It's all the hype, lab diamonds will never increase in value because it can be produced unlimited. When the hype is gone and people realized the mistake, natural diamonds will ones again flourish and with a bigger price tag then it is today. This will take a couple of years but it will happen.
wow! it is crazy to me that de beers is getting into synthetic diamonds. This could be the end of their empire and I welcome it. The whole premise of their business is to manufacture the (sick) notion that diamond = love. We need to be growing diamonds to do real work, not to impress materialistic women.
LOL, it's actually going to SUSTAIN it for years to come. It relegates them to the fashion/costume world like Swarovski. And FYI, lots of Men & Women like to buy themselves Jewelry of all kinds for special occasions, celebratory and in remembrance too. I wear something sparkly from my Grandparents to remember them, not because I'm materialistic.
We are all connected even the rock you walk by every day and never even think to say hi.Until one day I said good morning Mr rock how are you doing for about a month every day.A few days went by without me saying hi .I went down to pick up the rock and noticed it changed its form to more colorful then I remember seeing it.as I got a better look and clean it up.i was very surprised to find out it was a rough diamond
Right. I like how the woman says, "The expectation is that..." She doesn't say that they actually do it. Just that the EXPECATION is there that they will put the earth back to how they found it - to the best of their ability. So in the case of the mine in CA, they will just leave it as they've damaged the bed and flood it again. They must have no ability. Beautiful!
Synthetic diamonds are not grown in labs; they are grown in factories. Check it out. Their value is dropping every day and their resale value is nil. Don't say no one cautioned you.
Natural diamonds are not exactly a good investment for resale. I know I've been trying. Instead, wish my Mom had just purchased and willed me $5k in stock in that new company back then, Amazon. Would be worth over $6M today. The ring is worth about $11k today, mostly because of the 18k gold. I can't even get $5k for it. Never liked diamonds, would never buy any . . . natural ones.
Thanks sir for your kind information. People won't buy lab grown diamonds when there is no resale value for CVD and HPHT diamonds. Bussines man makes money . That's all. Thank you for your kind information.
I've resold lab grown diamonds successfully, and not at a large loss. I even sold one for more than what I paid, within a week of offering it for sale. I wonder if the many many people that keep saying their resale value is zero have actually tried reselling one.
LOL, the diamond industry already took over the lab growers by getting in the business for themselves. Like 80% of them have filed bankruptcy and or/merged. They are pushing it to costume, in 5 years they will be like Rhinestones on dresses and headbands. And Natural Diamonds will still be around. Smartest business move ever.
The colored stone blue is made using a slice of a aquamarine or a blue topaz etc . The Pink is form using a slice of Tourmaline . The heating process is what gives it hardness . What distinguish a real from a lab is fluorescence . ALL NATURAL EARTH DIAMOND HAVE FLUORESCENCE !
Not if the jewelery is devalued and dirt cheap free ! Since no one will give you $ , that is also fiat and worthless! Now , everyone can be getto fabulous!!!
COMPLETELY biased video. Lots of things we use in our DAILY lives are mined. People get a Diamond usually a couple times in their lifetime. Also more than 1 Million FAMILIES around the world are able to feed their families from Natural Diamonds (mining, cutting, polishing, trading, selling, making, reselling; etc.). Laboratory Diamonds are for costume and fashion jewelry like Swarovski, and should be treated as such. Something that took billions of years to form and was happenstance in nature feels special to me and many others. Not an automated factory where even the cutting/polishing is done by computers and robot arms. CBS needs to do another story on the PEOPLE of the industry, oh and one on the mining practices of EV's. Check and see if 98% of that Cobalt & Lithium is from conflict free and verified traceable sources: I think not.
Where is the world is there a "child run" diamond mine? I don't know of a single one. But I know of MANY that create Cobalt and Lithium for EV's batteries. The jewelry business has cleaned up alot in the last 50 years, lots of evidence to prove that as well. It's one of the most highly watched and regulated industries in the world. Look at the food in your pantry to find real child labor issues.
Sorry, lab diamonds are not the same. They may look the same, but they are not rare. They did not take millions of years to grow to perfection. Ownership of them is not an achievement. Keep it, I would rather not.
Just say, you have a earth diamond of 3 carats -and it is a flawless clarity graded, the color grade is GIA DEF white with no florescence. Now DeBeers and GIA have valued your diamond at $2 million of Fiat worthless USD federal reserve paper! Now, I have the very same diamond... except it is Lab created and valued by IGI at $2k ! Who will be the biggest Loser and $ucker when the USD fiat dollar collapses !!!??? hint: you, not me!
@@jessiejoseph1093 : are you fing nuts! Where did you get a 15k piece ,. Ok, your saying DeBeers and GIA have valued it at that ! For a Lab created ! So I'm actually + 13k profit in Fiat USD Fed Reserve notes ! hint : you now have become the real Biggest LO$ER!!!!
Yeah and the Lab Grown facilities already have no one working there. Literally more in the marketing department than in all of the Lab Grown facilities in the world combined. Even the cutting and polishing is all automated, rows and rows of robot arms.
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I’m a jewelry artist/Metalsmith and I tried many years ago to sell lab grown gemstones because I thought it was better for the earth and because they were still real. But I just couldn’t sell them at the time. There was so support from the industry and my customers wanted natural. I’m so glad the industry has finally come into the future of gemstones. I have begun to bring them back into my work and am finally able to sell them!
"Perfect" lab created single crystal rubies are Alumina recrystalized from molten Lead Oxide.
Why bother, there is nothing special about them. Lab Compressed Carbon. Use materials with soul if you want people to respond to your work.
@@jessiejoseph1093 out of curiosity, what is a material "with soul" in your opinion?
@@PsychedelicSmurfamber, wood, shell, pearl, glass, porcupine quill, all precious stones, even plastic, but not lab processed carbon selling for $1000's.
Like so many others I respond to precious and semi precious stones, pearls, glass, porcupine quills, beads, wood, amber, paste jewelry that screams I am fake and fabulous, I have even had plastic jewelry that had soul. But none of these things are pretending to be special or rare. So it must be the expensive pretense that bothers me. Lab diamonds are not cheap.
$800 is still way too much. Diamonds arent Rare. They aren't valuable. And you find out how much they're really worth if you try to sell one back.
Years ago I read a book & watched a doc on how De Beers controlled the monopoly on diamonds. Really interesting. London syndicate, site holders, even directions for executives to flee US quickly.
@@samanthab1923 I believe it was 20/20 that some years ago explained how DeBeers manipulates demand as well as supply. When they are overstocked on large diamonds, for example, they advertise that if man really loves his wife, he will give her a big diamond. Then when they are overstocked on small diamonds, their ad agency tells us that if a man really loves his wife, he will give her a bunch of little diamonds.
John D That sounded familiar so I looked it up. It was a Frontline episode from 94! Called the Diamond Empire. All about the Oppenheimer's. Thanks for jogging my memory. Tough getting old 😃
Lol..true story
Oh you're telling me.
As a jeweler, its awesome seeing this story getting out to a wider audience. There are upsides and downsides to both lab created and natural diamonds. But for jewelry, diamonds are the ideal choice for anyone who expects who wear a gemstone all day every day for their whole life. And even then they can still break. From a longevity standpoint, and if you plan to have regular repairs done to keep your jewelry beautiful, diamonds are the best choice for that. Its all about knowledge and choosing whats right for you and your priorities.
The only natural earth diamond that can break are the ones that are clarity graded VS 1 and down, because of inclusions and surface blemishes! Lab created diamonds are cut so too not have any inclusions or blemishes , that makes them Type II A Flawless clarity !
And that is the reason why earth diamond mining is started in the 1st
place, to get at diamonds of that caliber!
I'm glad my fiancée didn't want a diamond for her engagement ring. Ended up getting a black opal from Australia instead :D
Love the idea of made diamonds
Diamonds are forever... 💎
so is a plastic bottle.....
Technically No there Not! Around 3200degs.F , and these things are...
BurnBaby Burn!!! Also discovered... they can be eaten up back into black
carbon with a 3 acid mix and hydrogen peroxide , called "piranha acid" ! And once it's made, it can never be put in anything but glass!
How about that, it eats thru everything, but glass .... silicone?
I like Ron White's take on diamonds-- "Diamonds, that outa shut her up"
True
I love man made diamonds. All the big tv shopping networks heavily promote man-made diamonds. The jewelry I have ordered has been exquisite at half the price.
Yeah, and with no resell value whatsoever.
@@ThirdCoastGemsas if natural diamonds don’t depreciate
Personally I would love an aqua marine stone. They are beautiful!
Another great video! Keep it up cbs
Diamonds really don’t have that much intrinsic value….except for the man made hype and the artificially created “rarity.”
That could be said about a lot things in life that we desire to have
Better yet get a lab created diamond. Zero issues with blood diamonds or destruction of the environment. Seems the younger generation isn't falling for spending a years worth of your paycheck for a shiny little rock. So the P.R. begins to try and change their minds.
Ummmmm....where do you think the raw materials come from? Amd I suppose all of the lab grown facilities enormous power use is from sunshine and rainbows and the buildings are built from happiness and lollipops? The Lab Diamond Industry has BIG Marketing money behind it to cover it's REAL footprint.
@@ThirdCoastGemsthe raw material? You mean carbon? The most abundant thing on earth.
Hey Boomers, remember Superman crushing a piece of coal until it turned into a diamond!!?!!
He also used his laser eyes!
I would rather find one at the Crater of Diamonds State Park. If big enough, have it mounted it in a necklace.
seams like a fairly wasteful industry, to wear a rock.
I don't need diamonds just true love from my hubby but Asian food in my tummy 🍣🍜🍥🥮🍡🥟🥡
I'm guessing that the majority of both natural and man made diamonds are used for industries, not jewelry.
Absolutely fascinating
OMG this is just terrifying to me. I would not go down there for a ton of diamonds.
Yes.
Synthetic Rubies are required to flouresce yellow under ultraviolet light. The Synthetic Diamonds from deBeers probably also have telltatles.
All Lab Growns are "supposed" to be laser inscribed on the side. But some unscrupulous people will polish away that. Just like a carfax or VIN number. Very small percentage, but it happens.
That's not really accurate. All of the synthetic rubies I own fluoresce red, just like a natural ruby. There was (is?) indeed a company (I believe it is Ramaura) that voluntarily introduced impurities into their flux-grown rubies to make the fluorescence more yellowish, but they certainly weren't required to do so.
Jane: you look so beautiful in your red hot Valentine's dress. Red is your color. ❤
Somehow I don't think it'll have much impact on how wars are fought
2:22 yall better get ready for the zombie apocalypse cuz the umbrella corporation is already building the hive 😬
Nah, rubies are better
I'm a sapphire fan ... same gem, different color. Corundums are where the action is.
Both can be grown in a lab to the size of your fist. With or without "stars".
My Son was FOOLED into buying man made diamonds 4K + he spent, he later needed the cash so I took the rings to a Jewelry shop they told me they were WORTH LESS. The Jeweler told me man made were nothing but a total rip-off
She is wrong at 5:29 saying that lab grown diamonds can't be called synthetic. The FTC guidelines state that lab grown and synthetic are the same if they possess all the characteristics of a natural diamond. Most people including those in the jewelry industry believe that synthetic is the same as imitation.
1939 was the end of the Great Depression. I feel like most people couldn't afford diamond rings.
It's all the hype, lab diamonds will never increase in value because it can be produced unlimited. When the hype is gone and people realized the mistake, natural diamonds will ones again flourish and with a bigger price tag then it is today. This will take a couple of years but it will happen.
3:22 "The Diavik diamond story begins in 1994."
Meanwhile, footage looks like 1924.
wow! it is crazy to me that de beers is getting into synthetic diamonds. This could be the end of their empire and I welcome it. The whole premise of their business is to manufacture the (sick) notion that diamond = love. We need to be growing diamonds to do real work, not to impress materialistic women.
LOL, it's actually going to SUSTAIN it for years to come. It relegates them to the fashion/costume world like Swarovski. And FYI, lots of Men & Women like to buy themselves Jewelry of all kinds for special occasions, celebratory and in remembrance too. I wear something sparkly from my Grandparents to remember them, not because I'm materialistic.
That's like saying Kodak would have been crazy if they embraced digital cameras!
We are all connected even the rock you walk by every day and never even think to say hi.Until one day I said good morning Mr rock how are you doing for about a month every day.A few days went by without me saying hi .I went down to pick up the rock and noticed it changed its form to more colorful then I remember seeing it.as I got a better look and clean it up.i was very surprised to find out it was a rough diamond
Lab diamonds ftw
Interesting!
So I guess we’re not going to talk about ever-growing popular diamond alternatives like moissonite
There was once a fake photo circulating by email of a billboard advertising a cubic zurconia ring with the caption, "Three month's salary, my a..!"
Nope
Diamonds are much stronger than moissonite
Ahh yes I’m sure that giant hole in the ground was there when they started the mining
Right. I like how the woman says, "The expectation is that..." She doesn't say that they actually do it. Just that the EXPECATION is there that they will put the earth back to how they found it - to the best of their ability. So in the case of the mine in CA, they will just leave it as they've damaged the bed and flood it again. They must have no ability. Beautiful!
And when they flood it they will be introducing a solvent to all of those minerals and heavy metals they liberated in those tunnels.
Tiffany Diamond 💎💍
Never knew Canada was a source for diamonds. So is Russia.
Diamond is expensive cuz it's proclaimed to be rare yet that mine can mine 10000 karat per day
Synthetic diamonds are not grown in labs; they are grown in factories. Check it out. Their value is dropping every day and their resale value is nil. Don't say no one cautioned you.
Natural diamonds are not exactly a good investment for resale. I know I've been trying. Instead, wish my Mom had just purchased and willed me $5k in stock in that new company back then, Amazon. Would be worth over $6M today. The ring is worth about $11k today, mostly because of the 18k gold. I can't even get $5k for it. Never liked diamonds, would never buy any . . . natural ones.
@@soseconds6591 What if she'd bought you Enron ? :)
@@kennethburchell4105 she is smarter than that, lol!
Thanks sir for your kind information. People won't buy lab grown diamonds when there is no resale value for CVD and HPHT diamonds. Bussines man makes money . That's all. Thank you for your kind information.
I've resold lab grown diamonds successfully, and not at a large loss. I even sold one for more than what I paid, within a week of offering it for sale. I wonder if the many many people that keep saying their resale value is zero have actually tried reselling one.
The diamond industry will be over only it's all gone in the lab.
LOL, the diamond industry already took over the lab growers by getting in the business for themselves. Like 80% of them have filed bankruptcy and or/merged. They are pushing it to costume, in 5 years they will be like Rhinestones on dresses and headbands. And Natural Diamonds will still be around. Smartest business move ever.
GME?
DOGE 🍦🍦🍦
Synthetic diamonds would work for.me!
The industry payed a pretty penny for this story.
Earth is like you stupid human are just making money off of me in all kinds of ways and leaving wounds all over me!
diamond or glass what makes the difference. means nothing to me
The longevity. Glass will break
The colored stone blue is made using a slice of a aquamarine or a blue topaz etc . The Pink is form using a slice of Tourmaline . The heating process is what gives it hardness . What distinguish a real from a lab is fluorescence . ALL NATURAL EARTH DIAMOND HAVE FLUORESCENCE !
No they don't ! Florescence is cause by boron that was present at the time diamond was made in the Earth's mantle!
Do people still want Jewelry ? Jewelry means the possibility of getting ROBBED or MUGGED.
Not if the jewelery is devalued and dirt cheap free ! Since no one will give you $ , that is also fiat and worthless! Now , everyone can be getto fabulous!!!
I will never buy from a shop where they sell both lab grown n mined. Who knows what mix up a forgetful employees can cause
Most stores order them. There also labeled on the girdle of the stone.
Yo
COMPLETELY biased video. Lots of things we use in our DAILY lives are mined. People get a Diamond usually a couple times in their lifetime. Also more than 1 Million FAMILIES around the world are able to feed their families from Natural Diamonds (mining, cutting, polishing, trading, selling, making, reselling; etc.). Laboratory Diamonds are for costume and fashion jewelry like Swarovski, and should be treated as such. Something that took billions of years to form and was happenstance in nature feels special to me and many others. Not an automated factory where even the cutting/polishing is done by computers and robot arms. CBS needs to do another story on the PEOPLE of the industry, oh and one on the mining practices of EV's. Check and see if 98% of that Cobalt & Lithium is from conflict free and verified traceable sources: I think not.
Bye bye child and forced labor diamond minds thank you jesus
Where is the world is there a "child run" diamond mine? I don't know of a single one. But I know of MANY that create Cobalt and Lithium for EV's batteries. The jewelry business has cleaned up alot in the last 50 years, lots of evidence to prove that as well. It's one of the most highly watched and regulated industries in the world. Look at the food in your pantry to find real child labor issues.
The ill produce basically continue because root typically reply outside a sophisticated weed. berserk, stupendous decimal
Sorry, lab diamonds are not the same. They may look the same, but they are not rare. They did not take millions of years to grow to perfection. Ownership of them is not an achievement. Keep it, I would rather not.
Just say, you have a earth diamond of 3 carats -and it is a flawless clarity graded, the color grade is GIA
DEF white with no florescence.
Now DeBeers and GIA have valued your diamond at $2 million of Fiat worthless USD federal reserve paper! Now, I have the very same diamond... except it is Lab created
and valued by IGI at $2k !
Who will be the biggest Loser and $ucker when the USD fiat dollar collapses !!!??? hint: you, not me!
@@rrfields65 or someone is stuck with a 15K piece of rubbish that they are trying to pass off as a 2 mil piece because they are posers.
@@jessiejoseph1093 : are you fing nuts! Where did you get a 15k piece ,. Ok, your saying DeBeers and GIA have valued it at that ! For a Lab created ! So I'm actually + 13k profit in Fiat USD Fed Reserve notes !
hint : you now have become the real Biggest
LO$ER!!!!
in other words, folks who work in diamond mines will be phased out...good bye diamond minds, hello mcdonalds.
Yeah and the Lab Grown facilities already have no one working there. Literally more in the marketing department than in all of the Lab Grown facilities in the world combined. Even the cutting and polishing is all automated, rows and rows of robot arms.
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Diamonds are worthless.
Traditional Media 📺 hypnotized box 📺
will never going to have a real journalist like Julian Assange the Truth is not a crime free Julian Assange
More stoopidity. This is how they were "born" in the 20th century too.
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Lab grown ? Nah thanks.