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Man Made Diamonds And Lab Created Diamonds: The Smart Alternative To Insuring Jewelry Jewelers that make money pushing insurance and insurance companies peddling jewelry coverage will not crunch the numbers for you. You don't need a forensic account to realize that simply purchasing synthetic or simulant diamonds is a sensible alternative. Lab-Created Diamonds, Synthetic Diamonds & Diamond Simulants: Panic Brewing? Marketers have known for decades that diamonds are the most coveted and grossly overpriced product in the world. 21st century scientists have responded with magnificent diamond simulants that duplicate or best the aesthetic characteristics of mined natural diamonds for pennies on the dollar. Growing legions of diamond traders have fears that increased marketing and sales of synthetic diamonds could have an impact on world exports of diamonds, which are a highly liquid commodity in the internat