Yes and no. Chemically, they are diamonds, but because they were created in a lab by humans instead of in a hill by natural pressure, they’re less rare, and thus considered less less valuable and impressive (although it also means that the gem doesn’t have the imperfections of a “real” diamond nor any of the bloodshed in mining it).

why didn’t i know about this when i was ring shopping?!

@mrrich724 When were you ring shopping?

In May :)