Synthetic diamonds are man-made gemstones that have the same physical and chemical properties as natural diamonds. They are created using advanced technology, such as High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD), which replicate the conditions under which natural diamonds form in the Earth. These diamonds are often more affordable than their natural counterparts and can be produced in various colors and sizes. Synthetic diamonds are increasingly popular in the jewelry market and are also used in industrial applications, such as cutting and grinding tools, due to their hardness and durability.