A customer stares wide-eyed into a case at a gleaming 2ct. round brilliant. That stone, at that price? It’s almost too good to be true. They raise their gaze to meet yours. “Is it real?”
The diamond is lab-grown. 99.95% carbon, just like a diamond that came out of the ground, with an identical crystal structure and optical properties. It’s certainly not glass, and it’s not a simulation or imitation like moissanite or CZ. You pause for a moment, considering the facts, the question, and how best to answer.
It would have been a fairly straightforward question in the past. But like so much of our modern world, the question of authenticity is not as simple as it seems. What is a customer asking when they ask if a diamond is real? Do they know? And given the effort the industry has put into educating consumers these past few years, what can we assume the average diamond consumer knows?
Salespeople often spend more time than they would like explaining the differences between lab-grown diamonds, mined diamonds, and diamond substitutes. So given variables in consumer education and the seller’s legal obligations, salespeople should consider the composition of a diamond, the method of creation, sustainability claims, price, and the lifestyle and values of the customer when talking to them about lab-grown diamonds (LGD).
It’s a tricky situation, because asking the customer to clarify (“what do you mean by real?”) could make them think you’re about to equivocate (lie without lying). We also have legal responsibilities as outlined by the FTC. As we all probably know by now, the FTC removed the word “natural” from its definition of “diamond” in 2019, but only mined diamonds can be sold as “diamonds” without any other qualifier. So to answer the question, “Is it real?” in the affirmative, without qualification, would be technically accurate but, crucially, misleading and possibly even illegal.
Most consumers already know that LGD are diamonds and not some lookalike material, though. So selling more LGD now is less about confirming that they are indeed “real.” Instead, your conversations might focus more on how LGD are created and, more importantly, what LGD can do for the customer.
First of all, you have a responsibility to tell the customer that the diamond is lab-grown. But you should also explain what that means: LGD and mined diamonds are nearly identical; both are crystals composed of 99.95% carbon, and that’s really all a diamond is. They have the same optical properties and the same hardness, and only expensive spectroscopy can detect the minor differences in nitrogen levels that separate mined diamonds and LGD. The main difference is that the CVD or HPHT methods can grow a diamond much faster than geological processes.
HPHT diamonds have an advantage over CVD diamonds on the explanation front since they mimic the process by which diamonds are created in nature. Carbon is exposed to extremely high pressures and temperatures, which rearranges the structure of the chain of carbon atoms into a crystal, just like what happens deep within the earth’s crust and upper mantle.
That might feel more “natural” to some than the more complicated CVD process, which uses hydrocarbon gas and microwave energy at lower temperatures and pressures to layer carbon atoms onto a diamond seed. The CVD method, however, can produce much larger diamonds.
Also per the FTC, you have to be careful about making unsubstantiated claims. If you don’t know for sure that your LGD were grown in a sustainable, eco-friendly lab, avoid making claims about the product’s sustainability.
So if you can’t sell every LGD with sustainability claims, what can you do?
In today’s uncertain economy, plagued by inflation and the rapidly-increasing costs of necessities, even luxury customers are becoming more cost-conscious. Pointing out the fact that our hypothetical 2ct diamond would cost much more had it come out of the ground might not be a bad strategy. Keep in mind that this isn’t the case with all luxury consumers, and using affordability as a selling point might go against your brand identity of exclusivity and premium products at premium prices.
If you have “the pandemic changed everything” on your VDB Newsletter bingo card, you can check it off now. The pandemic changed everything, including our relationship to wealth and status. This is especially true of younger consumers. Millennial and Gen Z luxury consumers don’t buy luxury goods to signify their success but for themselves, to enrich and beautify their lives. For these customers, pointing out that LGD are chemically identical to mined diamonds, and have the same exact optical properties, would be helpful. The same beauty of diamonds, but more. Larger diamonds, more diamonds on a piece, diamonds as accent stones, diamond pave…if the sparkle makes you feel good, LGD will make you feel even better.
So to summarize the above, here are some tips for saving time and selling more diamonds.