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Lab grown diamonds are diamonds that are produced by a manufacturing process where they are grown in a highly controlled laboratory environment using advanced technology that duplicates the conditions under which diamonds naturally develop when they are form in the mantle, beneath the Earth's crust. These diamonds consist of actual carbon atoms. Since they're made of the same material as natural diamonds, they exhibit the same optical and chemical properties.
Lab grown diamonds have excellent value and are high quality diamonds. They are more affordable than mined diamonds. Hence why they have been trending lately on the market!