In recent years, the use of artificial diet to rear silkworm Bombyx mori (L.) (Lepidoptera: Bombycidae) has advanced rapidly in China. However, significant differences are found in the production and performance of silk from silkworms reared on artificial diet and mulberry leaves, thereby affecting the development of artificial diet usage in sericulture. To understand the reasons for these differences, we tested the following 3 rearing methods: all-instar mulberry leaf rearing (Mul), all-instar artificial diet rearing (Diet), and instars 1–3 reared on artificial diet followed by instars 4–5 reared on mulberry leaf (Mix). The results showed that the silk production was significantly lower under Diet than Mix and Mul. Electron microscopy images revealed that the protein synthesis and energy supply were decreased under Dier and Mix compared with Mul. Subsequent strength analysis indicated that the relative strength of silk was highest under Mix, followed by Mul, and weakest under Diet. However, no significant differences in elongation were observed among treatments. The β-sheet content of silk was significantly higher under Mix than Diet and Mul, and a similar trend was observed for the crystallinity. Furthermore, the elevated expression of BmChiNAG and the reduced expression of BmTpn genes may be a significant factor for the notable disparities in cocoon silk fineness and strength among the threes. These findings provide deep insights into the differences in silk produced by silkworms reared on mulberry leaves and artificial diet, as well as providing a reference for improving artificial diet for rearing silkworms.