Lab-grown diamonds are marketed as an "ethical and cheaper" alternative to natural diamonds and yet identical to Natural diamonds right to the atomic level.
Off late, opting for Lab-grown diamonds over natural diamonds seems to be catching up with the consumers. By some research reports, the global lab-grown diamonds market size was valued at $19.3 billion in 2020 and is projected to reach $49.9 billion by 2030.
Presently, TransPacific Software engineers are busy integrating Lab diamond modules with existing jewelry websites. Jewelry e-retailers would like to offer Lab diamonds as an option for creating rings, pendants, and earrings.
We suggest all the jewelry e-retailers integrate Lab diamonds within their website for discerning buyers who wish to opt for a cheaper alternative that is guaranteed conflict-free and environmentally friendly.
From our observation, on these websites almost 25% of total online sales are for Lab diamonds; loose or with engagement rings.
Most of the gem labs including GIA , IGI , GCal , AGS , HRD are offering certifications for these diamonds.
Many Lab-grown diamond suppliers are offering API feed for integrating diamond data directly onto retailer websites.
TransPacific Software has integrated these Lab diamonds on various platforms including Shopify, Magento, Woocommerce, and Prestashop