Since its inception in the mid-1800s, the diamond industry has been synonymous with natural diamonds. However, in recent years, the demand for diamonds has changed with the introduction of lab-grown diamonds. Consumers and big-box brands alike are embracing this new option. Just this past year, LVMH purchased a sustainable lab diamond growing company, Pandora announced that it will only create jewelry with lab-grown diamonds, and even Rolls-Royce has begun transitioning to lab diamonds in their luxury vehicles.  

Lab-grown diamonds are chemically, physically, and optically identical to natural diamonds, but are created in a laboratory setting. This means that they are created through the exact same scientific process that happens naturally over millions of years, but with the help of some incredibly advanced modern technology diamonds can be produced within weeks. Lab-grown diamonds all have the same specifications as natural diamonds, so shopping for the right one requires the same amount of patience and knowledge.  

colored diamond engagement rings and jewelry - driving the colored stone trend. Many stars have shifted towards less traditional diamonds and showcased colorful stones, including Blake Lively with her pink diamond, Kate Middleton with her blue sapphire, Jessica Simpson with her red ruby, and Carrie Underwood with her canary yellow diamond engagement ring. 

It only makes sense that consumers who desire lab-grown diamonds and colored gemstones would eventually demand a colored lab diamond option. While lab-grown diamonds have been on the market for a few years and have become a coveted option for engagement ring and jewelry shoppers, colored lab-grown diamonds are a relatively new product, and colored lab-grown diamonds are quickly gaining popularity. In fact, colored lab-grown diamonds are expected to be one of the most popular diamond choices in 2023.   

Here are five reasons why we believe colored lab-grown diamonds will be trending in 2023: 

1. More Affordable 

It is no secret that for decades natural color diamonds have been a rare and expensive option for engagement rings and fine jewelry. Lab-grown diamonds have always been significantly less expensive in comparison to naturally mined diamonds, but in the last year prices have come down even more. In the same regard, colored lab-grown diamonds are a more affordable option for people who still want that glamorous look, but don't want to break the bank to get it.  

2. The Better Choice For The Planet 

Lab-grown diamonds are now more environmentally friendly and potentially even more ethical overall than natural diamonds. While this might not have been entirely true when lab-growing facilities were first introduced, technology has advanced to a point where diamond growers are creating stones in a sustainable way. With lab-grown diamonds, there is also no lack of traceability. There is a clear and transparent record of how and where each lab diamond is created so there are no doubts for customers who are concerned about the natural diamond industry's history of blood diamonds.  

3. More Options 

Colored lab-grown diamonds are available in a wider range of colors than natural diamonds. Historically, colored diamonds have been difficult to find because they are so rare. For example, one of the world's most famous natural pink diamond mines, The Argyle Mine, in Western Australia finally shut down production in November 2020 after the depletion of stones. With lab diamonds, growers can create as many colored options as the market desires. Since colored diamonds are created due to the insertion of natural minerals that give them their color, laboratories can replicate that process for a plethora of color options.  

4. A Better Sparkle 

While colored gemstones have become a popular choice for engagement rings (especially in a Toi Et Moi style engagement ring), they don't have the natural sparkle that a diamond has. Colored diamonds give any ring or piece of jewelry a creative appearance without lacking the natural sparkle of a diamond.  

5. Brighter Quality and Purity  

Lab-grown diamonds typically go through the same certification process as natural diamonds. With the world's leading certification institutions grading lab diamonds, customers can rest assured that they are receiving the stone they expect. Customers should always choose to purchase diamonds that are certified and graded by one of the top organizations, such as the GIA or the IGI. With colored lab-grown diamonds, customers can expect the same level of quality and purity as their natural counterparts.  

While there are endless reasons why we believe that colored lab diamonds will be trending in 2023, take a look for yourself at the wide selection of shapes, sizes, and colors available on the market already. Get creative and explore the uniqueness of colored diamonds whether you are designing your future engagement ring or a piece of jewelry that will last generations.