Hart’s answer was as clear-cut as the facets of the diamonds Tiffany sells. “ Our position is lab-grown diamonds are not a luxury material. … “They have their use and they have their place, but I think luxury consumers will continue to desire the rarity and amazing story of natural diamonds.”
Does Tiffany and Co use real diamonds?
The most important, for Tiffany, is the Cut as they only sell diamonds with Excellent Cut Grades. … They take pride in their diamonds and want only the most luxurious. They boast that 99.96% of the world’s gem grade diamonds are rejected.
What grade of diamonds does Tiffany use?
Tiffany only accepts engagement diamonds in the “colorless” and “near colorless” range on a diamond color scale. In other words, for engagement rings, Tiffany only accepts D color diamonds, E color diamonds, F color diamonds, G color diamonds, H color diamonds and I color diamonds.
Where does Tiffany get their diamonds?
We source the majority of our rough diamonds from five countries—Botswana, Canada, Namibia, Russia and South Africa—and in Fiscal Year 2020, we were able to trace 100%* of our rough diamonds to known mines or responsible suppliers with a limited number of known mines.
Are lab-grown diamonds real?
The bottom line: Overall, lab grown stones share the same physical and chemical properties as natural diamonds. Lab grown diamonds are real diamonds that last forever but are an estimated 30% less expensive than mined diamonds. Overall, neither diamond is “better.” They are not in competition with one another.
Does Cartier use lab-grown diamonds?
On the one hand, luxury brand Cartier, founded by Louis-François Cartier in 1847 and which was run by the Cartier family until 1964, has rejected for now the jewelry industry’s latest innovation – lab-grown diamonds – as not fitting the brand’s image. Cartier is currently owned by Richemont.
Why do labs grow diamonds?
Lab-grown diamonds offer great value, as they are more affordable than natural diamonds of comparable size and quality. These cultured diamonds can be almost 30% less expensive than mined natural diamonds. The mined diamond industry is largely controlled by diamond cartels and filled with middle-men.
Is Tiffany diamond worth the money?
Overall, they grade similarly to other labs, in terms of giving a Carat Weight, Color, Clarity and Cut. The most important, for Tiffany, is the cut as they only sell diamonds with Excellent Cut Grades. This alone is part of the reason their diamonds are worth it.
Are all Tiffany diamonds Triple Excellent?
What Impacts Diamond Cut Quality? The highest cut grade in the industry, triple excellent, is given to a diamond with an “excellent” rating in precision of cut, symmetry and polish. All Tiffany individually registered, white round brilliant engagement diamonds and Tiffany True® diamonds have a triple excellent cut.
Is Tiffany jewelry made in USA?
For the most part, Tiffany & Co. Jewelry is manufactured in the United States. … From diamond and gemstone jewelry to their silver lines, everything is made with the utmost care. Their manufacturers are world-class, hailing from all over the world.
Does Tiffany own diamond mines?
Why the Journey of Your Diamond Matters
At Tiffany, we directly source the majority of our diamonds from known mines and sources.
Are lab diamonds worthless?
Are Lab Grown Diamonds a Good Investment? … Many traditional jewelers tell customers that lab created diamonds have absolutely no value, but this could not be further from the truth. Most earth mined diamonds have resale value, and most lab created diamonds will have a similar resale value as well.
Do lab diamonds hold value?
However, the lab-created diamond doesn’t retain any value. It can’t be resold to a jeweler and it won’t garner more than a few dollars on a site like eBay. On the other hand, the natural diamond can be resold for at least 50% of the original price—but potentially much more.
Are lab created diamonds cubic zirconia?
The difference between lab-grown and natural diamonds is that lab-grown diamonds are created synthetically in laboratories, while natural ones are mined from the earth. Cubic zirconia is also a synthetically created stone, but its crystal structure and chemical composition are completely different.