Lab grown diamonds have gained significant popularity in recent years as an alternative to natural diamonds.
They offer a more affordable option while maintaining the same physical and optical properties as mined diamonds. However, whether they are the right choice depends on the purpose of the purchase, personal preferences, and long-term considerations.
This guide explores the advantages and potential drawbacks of lab grown diamonds to help buyers make an informed decision.
Considerations for Engagement Rings
Before purchasing a lab grown diamond engagement ring, it is important to ensure that both partners are comfortable with the choice. While lab-grown diamonds are real diamonds in every way, some individuals may have a strong preference for natural diamonds due to their rarity, traditional value, or potential resale opportunities.
A conversation about expectations and preferences can help avoid any misunderstandings or disappointment when presenting an engagement ring.
Lab-Grown Diamonds Are Physically and Chemically Identical to Natural Diamonds
Lab-grown diamonds are real diamonds. They are created using the same conditions that form natural diamonds, replicating the crystal structure, hardness, brilliance, and fire.
They are not diamond simulants like moissanite, white sapphire, or cubic zirconia. They have the same durability as natural diamonds and can last indefinitely, making them a legitimate option for fine jewelry.
Lab-Grown Diamonds for Everyday Jewelry
For those who frequently purchase fine jewelry, lab-grown diamonds offer an opportunity to own high-quality diamond pieces at a lower cost. They allow for greater variety in a collection, enabling buyers to own multiple diamond pieces for different occasions without the financial burden associated with natural diamonds.
They are particularly well suited for:
- Diamond earrings (studs especially)
- Solitaire diamond necklaces
- Eternity bands
- Tennis bracelets
For these types of jewelry, lab-grown diamonds provide an affordable way to achieve a classic and elegant look without sacrificing quality.
Natural Diamonds Hold Their Value Better
For buyers who plan to trade in or upgrade their diamond in the future, natural diamonds typically retain their value better than lab-grown diamonds. Over the past few years, lab-grown diamond prices have significantly decreased due to advances in production and increased supply.
Natural diamonds, being a finite resource, have historically held their value better over time. Buyers should consider long-term resale value if they anticipate wanting to upgrade or sell their diamond in the future.
The Growing Appeal of Clarity-Enhanced Diamonds
Another option for those looking for affordability in a natural diamond is clarity-enhanced diamonds. These are natural diamonds that have undergone treatments to reduce the visibility of inclusions and imperfections.
Clarity-enhanced diamonds provide a middle ground between untreated natural diamonds and lab-grown diamonds. They allow buyers to afford a larger or higher-clarity diamond at a reduced price compared to a similar untreated natural diamond.
Distinguishing Lab-Grown Diamonds from Other Lab-Created Stones
Not all lab-created gemstones are diamonds. Buyers should be cautious when purchasing to ensure they are getting a genuine lab-grown diamond rather than a diamond simulant.
- Moissanite: A lab-created gemstone with higher dispersion, creating a different type of sparkle that some buyers may find too fiery.
- White Sapphire: A natural gemstone that lacks the brilliance and durability of a diamond.
- Cubic Zirconia (CZ): A synthetic stone that appears similar to a diamond initially but lacks hardness and will dull over time.
To ensure authenticity, lab-grown diamonds should always come with a GIA (Gemological Institute of America) or IGI (International Gemological Institute) certification, which verifies their origin and quality. A laser inscription on the diamond’s girdle will correspond to the certification number, allowing buyers to confirm the stone’s identity.
The Price Difference Between Lab-Grown and Natural Diamonds
The cost savings of lab-grown diamonds can be significant. As lab-grown diamond production has become more efficient, their prices have dropped substantially compared to natural diamonds of the same carat weight and quality.
For larger diamonds (one carat and above), lab-grown diamonds offer a considerable price advantage. However, for smaller accent diamonds used in pavé settings, wedding bands, or bracelets, the price difference is often minimal. The primary cost in these cases comes from the gold, craftsmanship, and labor involved in setting the diamonds rather than the diamonds themselves.
Making The Decision…
The decision to buy a lab-grown diamond depends on individual priorities.
- For those seeking the best value per carat, lab-grown diamonds allow for the purchase of a larger or higher-quality diamond at a lower price.
- For long-term value retention, natural diamonds remain the preferred choice, particularly for those who plan to upgrade or resell in the future.
- Clarity-enhanced diamonds offer a cost-effective alternative for buyers who want a natural diamond without the high price of untreated stones.
Understanding the differences between these options enables buyers to make an informed decision based on their budget, preferences, and future plans.
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