Platinum Oval Halo Cluster Diamond Shoulders .84ct Diamond RingLab grown diamonds are not a new concept. Scientists developed the technology to create diamonds about 60 years ago. These lab grown diamonds have until recently, not been considered of good enough quality for the jewellery industry. Lab grown diamonds are chemically identical to natural diamonds, much like the way a cultured pearl is like a natural pearl. Lab grown diamonds are different to natural diamonds in that they have been grown in a lab.