What is Lab Diamond? All information about lab diamond, lab grown diamond or synthetic diamond. If you want to learn every detail about lab diamons, read on the informative text we have composed to give readers a comprehensive understanding. What is Lab Grown Diamond? Lab-grown diamonds, also known as synthetic diamonds or cultured diamonds, are diamonds that are created in a laboratory setting using advanced technology. They are chemically, physically, and optically identical to natural diamonds, but are created in a fraction of the time and at a fraction of the cost.(source : lab grown diamond ) Differences Between Lab Diamonds and Natural Diamonds Lab-grown diamonds are created using advanced technology in a laboratory setting, while natural diamonds are formed by geological processes deep within the Earth’s crust and are mined from the Earth.(source: lab diamond vs natural diamond )