For technical development derives early from the West, diamonds created by this method was given the Chinese names “人工ダイヤモンド” or “実験室ダイヤモンド”, directly translated from its English version‘Synthetic Diamond’or‘Lab Diamond’, while CVD technology is about 30 years older than HPHT, which was invented in the Soviet Union then became popular in the U.S.

Diamonds grown under CVD system are called “Lab Grown Diamonds”by academia. CVD adopts its name from initial letters of Chemical Vapor Deposition, meaning the growth method and the technology as well.
As HPHT method involves using metal catalyst, it is hard to avoid some metals entering the crystal during growing process, so HPHT diamonds might be magnetic. 

And if the magnetism is too strong, diamonds will not be able to pass the test drill pen. Because CVD diamonds are formed by mere gas, they can be produced without magnetic and are able to pass the diamond tester pen.

 HPHT method simulates the physical conditions under which natural diamonds grow. Therefore, lab grown diamonds in theory are more close to natural diamonds.