Are Lab grown diamonds really worth the money? The answer depends on several factors. The major difference between lab diamonds vs real diamonds are environmentally friendly and budget-friendly. In this article, we will discuss the cost, Grade, and Resale value of these diamonds. Read on to find out! How do I tell the difference? This article was written with the intention of helping you decide if buying a diamond is the right choice for you. However, it is important to understand the risks and benefits of buying a lab-grown diamond before making your decision.
Benefits
The advantages of buying lab-grown diamonds over-mined diamonds are numerous. First, you’ll be free of any ethical concerns as a result of their creation. Since they aren’t mined, they have no impurities to worry about. Another benefit of buying lab-grown diamonds is that they cost less. This is great news for price-conscious consumers. Read on for more information about this unique gemstone.
Another benefit of lab-grown diamonds is that they’re less detrimental to nature. The growth process, known as HPHT, does not require the strength and stress that natural diamonds have. In addition, the production process is more efficient, which reduces costs. As a result, you’ll pay much less for your diamond ring! Lab-grown diamonds are also conflict-free and ethically sourced.
Cost
There is a significant difference between natural and lab-grown diamonds. While natural diamonds have been valued for decades, the price of lab-grown diamonds has been steadily falling in recent years. While the natural diamonds’ wholesale value has remained constant, lab-grown diamonds have increased in supply. The price difference is primarily driven by the perceived value of the stone. Whether the ring will be worn by a spouse or presented to a future husband or wife is a personal decision, perception does matter.
Although lab-grown diamonds are cheaper than natural diamonds, there are certain disadvantages. They are less durable and do not have the same luster. A 1.5-carat lab-grown diamond costs more than half as much as the same-sized natural diamond. The other big difference between natural and lab-grown diamonds is the cost of special shapes. While natural diamonds are more expensive, lab-grown diamonds are less expensive.
Grade
There are a few reasons why you should get a GIA diamond grading. The first is that the gemological institute is funded by the jewelry industry and therefore has an incentive to grade natural diamonds the way they want. For years, the GIA didn’t treat lab-grown diamonds the same way as natural ones, because it wanted to protect the natural diamond market. This has now changed. The GIA now rates lab-grown diamonds on the same scale as natural diamonds.
Another reason for the GIA not grading lab-grown diamonds like mined stones is because they are not transparent. In other words, they do not have a symmetry, which can be a problem if you want to make a statement with the stone. However, the HRD Antwerp does, and they also grade the diamonds for their color. The difference between the two labs is how they treat the stones post-growth.
Resale value
There’s a market for lab-grown diamonds. However, some claim that there’s no such thing. While some manufacturers practice trade-ins, others buy from the public. You can sell your lab-grown diamonds online through auctions or social media. It’s also possible to sell your diamonds in retail diamond shops. Here’s how you do it. First, take a picture of the diamond you plan to sell. This way, you can determine its value.
You’ll have a difficult time finding lab grown diamonds with high retail prices. That’s because diamond prices have depreciated by 20 to 30 percent in the past year. Most lab-grown diamonds are priced using the same Rapaport system as mined diamonds. This pricing system takes into account the Four C’s, or cut, color, and clarity, to set a market price. A jeweler will consider these four factors when determining the retail and wholesale prices of lab-grown diamonds.
Environmental impact
There’s no doubt about the benefits of lab grown diamonds – they are more affordable, more sustainable, and easier to find than mined stones. And the environmental impact is real, too. The mining industry is facing an oversupply and slumping demand, and the price of mined diamonds has fallen by about 5% in China. The diamond behemoth De Beers recently cut its production by 15% due to weak prices.
One company that is a leading producer of lab grown diamonds, MiaDonna, is certified by the B Corporation and produces lab grown diamonds in the United States. The diamond industry has long been fraught with controversy, but lab grown diamonds are seen as a more ethical alternative to mined stones. Many brands to market these products as eco-friendly alternatives to mined diamonds. Here are some of their pros and cons.
