• Diamonds are forever

    2
    Cultured diamonds possess the same chemical, optical, and physical properties as diamonds mined from the Earth

    Cultured diamonds possess the same chemical, optical, and physical properties as diamonds mined from the Earth

    A diamond is deemed to play an important part in and celebrating love, what with its interminable beauty signifying forever.

    Prized and pricey, however, not everyone could really afford this delicate stone to express love—that is until gemmologists learned to culture diamonds in a laboratory, bringing the cost of this engagement ring must-have at least 30 percent down.

    At one Bulong Pulungan at Sofitel Philippine Plaza, a group named International Grown Diamond Association promoted the lab-grown diamond sector, while educating attendees on the attributes of this “created gem.”

    PH’s purveyor
    Cultured diamonds are sold in the Philippines by Golcondia Jewelry Company, an active member of the aforementioned global organization. Deriving its name from the mining region in India known for its perfectly pure diamonds discovered 3,000 years ago, the company is also the first retailer of cultured diamonds in the world.

    “Our vision is to echo the heritage of the place where the best diamonds are born,” company CEO Tomy Florencio said.

    Real as can be
    He went on to correct the notion that cultured diamonds are synthetic gems. “By all measure, these are real diamonds,” he declared. Cultured diamonds possess the same chemical, optical, and physical properties as diamonds mined from the Earth.”

     Golcondia diamonds retail at 30-percent lower not because they are less valuable but simply because they use lesser manpower and energy consumption

    Golcondia diamonds retail at 30-percent lower not because they are less valuable but simply because they use lesser manpower and energy consumption

    To educate their patrons, Flo­rencio uses the analogy of a flower in a greenhouse, which are replicated in different conditions but achieve the same result.

    “We don’t make the flowers but we make the greenhouse to replicate the environment where a flower can grow; it’s the same with these diamonds. What we replicate is the environment to be the same as nature,” Florencio explained.

    In a controlled environment, cultured diamonds are produced by combining High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD) processes, which effectively grow rough diamonds from a diamond seed.

    Despite its lower price tag, Florencio clarified that cultured diamonds can only be sold as such simply because they use lesser manpower and energy consumption compared with diamond extractors.

    Aware that the acceptance of cultured diamonds may take time, Florencio believes that with people around the world becoming more socially and environmentally conscious, these precious stones will eventually become the diamond of choice.

    “Diamonds never change at all—even cultured diamonds—the reason why it has become a symbol of immortality or pure, undying love,” he concluded.

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    2 Comments

    1. The diamond is a very successful swindle – diamonds were rare up until industrial methods were employed to mine kimberlite by the truckload, and this lowered costs significantly. The De Beers monopoly is slowly unraveling, and cultured diamonds are another disturbance to the industry. Worth reading Bain&Co. annual report on the diamond sector.

      However we all like the romance of a diamond that is over a billion years old being placed on that engagement ring – and people don’t like the idea of a secondhand diamond or a lab grown diamond. Hence there is still life in the diamond industry for a few more years until these perceptions change.

    2. Diamonds are not worth anywhere near as much as they cost. Try selling one after you bought it and discover you will be lucky to get 10% of what you paid.

      There are several diamond mines and the De Beers corp used to buy all the diamonds to keep them off the market so they could control the prices.

      Diamonds are not rare which was a major selling point in the past that is no longer true.