PURE DIAMOND COIN

What Are The Concerns Of The Highly Anticipated Pure Diamond Coins?

Lab-grown diamonds are expected to solve the problems that the diamond industry is currently facing. Yet, this upcoming new jewel is the collateral on which Pure Diamond Coins, a virtual currency, derives its value. Despite all this, what are the concerns of lab-grown diamonds and Pure Diamond Coins? We shall take a closer look.

Topics

Is It Truly Different From Imitation Diamonds?

Different Components
Expert's Opinion

Will Demand for Lab-Grown Diamonds Fall?

Of All The Diamonds In The World, Only 2% Of Them Are Pure
Ikebana Industry Example

Pure Diamond Coins - A New Era

Is It Truly Different From Imitation Diamonds?

Are lab-grown diamonds not just the same as imitation diamonds? This is a question that often comes to peoples’ minds when they hear of lab-grown diamonds. Allow me to explain.

Different Components

In contrast to the fact that the ingredients contained in lab-grown diamonds are exactly the same as natural diamonds, the ingredients of imitation diamonds are different. This is not a mistake; it is the result of continuous research conducted by research institutions around the world. In addition, De Beers, the company which leads the world in diamond sales, also acknowledges the existence of lab-grown diamonds and that it can be distinguished from imitation diamonds. In the future, it will become easier to distinguish between imitation diamonds and lab-grown diamonds, thanks to the introduction of blockchain technology.

Expert's Opinion

Since lab-grown diamonds have adopted blockchain technology, information of lab-grown diamonds is recognised by experts and is the reason for its traceability. As a result, it is easy to distinguish lab-grown diamonds from imitation diamonds.  In addition, it seems that in the future a dedicated application will allow users to check the information of a lab-grown diamond at any time.

Will Demand for Lab-Grown Diamonds Fall?

Despite how wonderful lab-grown diamonds are, will its value drop eventually?

Of All The Diamonds In The World, Only 2% Of Them Are Pure

It is said that there is currently 7 tons of diamonds in the world. However, only 2% among that is considered ‘pure’. In this context, pure is to mean a diamond that does not contain impurities. Such diamonds are traded at an expensive price among very few wealthy people, and are out of reach of ordinary people.

As a result, the so-called ordinary people will not have seen them, much less possess them. However, lab-grown diamonds are pure diamonds. They are free of impurities. Although they are not authentic, natural diamonds that were created deep inside the earth over a long period of time, lab-grown diamonds are diamonds nonetheless. In fact, as they are impurity-free, lab-grown diamonds are actually more valuable than the substantial majority of diamonds excavated from the earth. There are many people who do not have diamonds like this at the moment; how long would it take to excavate enough pure diamonds for them to be satisfied? Only lab-grown diamonds can make this possible.

Ikebana Industry Example

Considering the Ikebana industry, as an example, it will be evident that the value of lab-grown diamonds does not decrease. Currently, blue flowers are traded at a very high price in the Ikebana industry. But think about it – do blue roses occur naturally on this planet? The correct answer is one answered in the negative. Currently, the blue roses traded in the Ikebana industry are all roses created artificially by technology.

A market is called a “blue rose” in the Ikebana industry if it is new and exploited by technology. Blue roses are still traded at high prices and signs of decline are not visible at all. Are blue roses worth the price of those available in nature? It is not a fair comparison to draw, as it is told. Technology and nature have merged well, and the current Ikebana industry is well established. Will the same not be said about lab-grown diamonds?

Until now, most of them consisted of natural diamonds or imitation diamonds. There is now a market called the lab-grown diamond market, which was made possible only by technology. It cannot be automatically assumed that the value of lab-grown diamonds will fall. Natural diamonds and lab-grown diamonds are essential in furthering the growth of the diamond industry.

Pure Diamond Coins - A New Era

What were your thoughts?

There is still much unknown to the general public about Pure Diamond Coins and lab-grown diamonds. Therefore, research will continue to be conducted on this site, and it would be our pleasure to continue distributing more exciting information to you all.

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