In the 1950s, the first man-made diamond was made in a lab by scientist Tracy Hall. Today, we can pump gem-quality stones out of machines.

Eager to take over natural diamonds, synthetic diamonds appeared a few years ago in the jewelry supply chain while naturals kept decreasing in value (due to the surplus of exploitation and production today). When synthetic diamonds wanted to take a significant place in the market, huge production in India developed which lowered the price of the synthetic and bringing them back to an affordable price. Check out the 20 facts you’ll need to learn on the synthetic diamond.

• Produced globally, India leading the production
• Created in a lab by scientists
• Ethical
• Produced in just a few days
• Produced by HPHT or CVD
• Are greener than natural diamonds
• Were used in technology
• Available both online and offline
• Look exactly like natural diamonds, so not easily recognizable
• Certification friendly
• Cost up to a quarter than natural diamonds
• No standardized prices: every brand its pricing strategy
• Sanctions are at place for false sales
• Available in every Pantone color
• Made to be traceable

This report is written by ExJewel, a start-up that has developed the industry’s first digital appraisal tool. To analyze how shifts in this industry are affecting customer behavior, we looked at global ExJewel and Google search data, active browsing page views and conversion rates, sales data, as well as global media coverage and social media mentions generated in 2020.