In a word, yes. In nature, diamonds of all colors are basically rocks that are made up of black carbon. Over the eons, these chunks of black carbon underwent geological changes that created the many shades of diamonds, e.g. white, green, yellow, blue, pink and even black. What makes a diamond a diamond is not its color, but its chemical structure.
Lab grown diamonds are created in a gemology laboratory; they undergo the same evolution as natural diamonds even down to their carbon base. But instead of taking eons to create, lab created diamonds are made in months or even less time. Modern science has made this rapid evolution possible. Basically, a diamond is a diamond, regardless of whether it is made by nature or in a laboratory.
Lab created diamonds are simply diamonds that have been grown in a laboratory. They are chemically identical to naturally mined diamonds, but cannot be sold as such. Lab created diamonds are less expensive than natural diamonds, making beautiful jewelry affordable to the masses.
Most lab grown diamonds are made from graphite, but a few companies are making diamonds from carbon found in less traditional places. One Russian company is making a diamond from human or animal hair. The most popular diamonds they sell are created from the hair of newborn babies. Families that want a unique keepsake or gift for grandma are lining up to have their personalized diamonds created to the tune of $3500. A yellow diamond can run as high as $17,000, but you can be sure if you buy one of these lab created diamonds it will be as unique as your child. The company also makes diamonds from the fur of your favorite pet.
Some companies have taken this idea a step beyond making diamonds out of hair and offer to make diamonds from the cremated ashes of your loved one. They advertise these diamonds as a way to memorialize and remember the person that you lost. These lab created diamonds can be made in several colors and sizes and then can be set in rings or necklaces.
Diamond Exchange Houston in Houston, TX is a wholesale diamond company that buys and sells diamonds, engagement rings, and jewelry.