Gen Z consumers are purchasing lab-grown diamonds over conventionally mined diamonds. Few reasons why it's in vogue!
Lab-grown diamonds are a new range in the jewelry industry and are attracting the attention of both millennials and Gen Z customers across the world. The main differences between lab-grown diamonds and natural diamonds are how they are created,technically they have the same chemical composition.
The global lab market size is projected to reach $49.9 billion by 2030. Keeping these statistics in mind and witnessing  skyrocketing sales of these diamonds, Novadia Jewels and Xtrnds, its brand name, thought of coming up with a trendy and top-notch range of CVD diamond jewelry. 
The impeccable quality of the-lab grown diamonds, the affordability of these diamonds makes it a favourable choice for modern shoppers. As it caters to the tastes and preferences of both millennials and Gen Z customers.
These diamonds are gaining momentum and are leading a significant transformation in the diamond industry. For millennials and Gen Z, the functional, aesthetic, as well as ethical and environmental implications of their purchases are paramount.
Modern customers and younger generations are now seeking diamonds that align with their values and essence, and lab-grown diamonds offer them a contemporary, innovative alternative that resonates with tech-savvy generations.
More and more jewelry lovers are nowadays prioritizing sustainability, trailblazing innovation, and ethics in their purchasing decisions. This change is not only altering the perception of diamonds but also influencing the future direction of the diamond industry.
Lab-grown diamonds look identical to mined diamonds in every way, and they have the same physical properties, as they are both carbon.
Also, a plethora of celebrities are turning to these diamonds and raising the bar for responsible luxury. As it is a more environmentally friendly jewelry option, having a similar brilliance to natural diamonds.
Lab-grown diamonds are a conscious choice These man-made diamonds are a great choice because of a lot of positives attached to them. These types of diamonds do not cause harm to the environment as they are diligently produced in controlled spaces inside laboratories.
And unlike mined diamonds, they aren't associated with unethical practices such as child labor. They are graded for quality on the same standards as mined diamonds and are given a certification of authentication.
The majority of diamond connoisseurs and brands are making a shift to lab-grown diamonds, looking at their surging sales. They are now sharing information with customers to raise awareness about lab-grown diamonds.