01 December
The Pros and Cons of Getting Lab-Grown Diamonds
We've sold several lab-grown diamond pieces, and clients love the end result. But there are still a lot of people who don't know if they trust it or not. Many question if it is worth the value. And the answer varies on your expectations and personal taste.
Lab-grown diamonds, also known as synthetic, cultured or lab created diamonds, have been gaining popularity as a modern alternative to naturally mined diamonds. While they possess many of the same physical, chemical, and optical properties as natural diamonds, there are notable advantages and disadvantages to consider before purchasing.
Pros to Going with Lab Grown Diamonds
Affordability: One of the most attractive benefits of lab-grown diamonds is their lower price point. Because they are produced in a controlled environment rather than extracted through extensive mining processes, they generally cost 50-75% less than their natural counterparts. This affordability allows buyers to purchase a larger or higher-quality stone without exceeding their budget.
Ethical Sourcing: Lab-grown diamonds eliminate concerns about conflict diamonds, as they do not involve mining in regions plagued by ethical or humanitarian issues. For socially conscious consumers, this transparency can be a significant factor when deciding on a diamond.
Environmental Impact: Compared to traditional diamond mining, which can be resource-intensive and disrupt ecosystems, lab-grown diamonds require fewer natural resources and produce less environmental damage. Many consumers appreciate the reduced carbon footprint associated with lab-created stones.
Quality and Consistency: Because they are produced under controlled conditions, lab-grown diamonds tend to have fewer inclusions and more consistent color grades. Buyers can often find high-clarity stones at more accessible prices.
Cons to Going with Lab Grown Diamonds
Resale Value: Lab-grown diamonds typically have a lower resale value than natural diamonds. For those who see their purchase as an investment, this reduced market demand may be a drawback.
Perception and Tradition: Some individuals place great importance on the rarity and history of mined diamonds. Lab-grown stones, though visually identical, may lack the romantic appeal that tradition-minded buyers value.
Future Market Uncertainty: The lab-grown diamond market is still evolving. Rapid advancements in technology may drive prices down further, potentially affecting the perceived worth of existing stones.
Not Considered “Natural”: Although lab-grown diamonds share the same chemical composition as natural diamonds, they lack the geological origin that some collectors and connoisseurs prize.
Ultimately, whether you choose a lab-grown or natural diamond depends on personal values, budget, and priorities. By weighing the pros and cons, you can make a decision that aligns with your style and conscience.
My Opinion and Recommendation
Lab diamonds are here to serve a purpose. I think the best purpose for lab diamonds is to help you get those beautiful, elegant pieces that were once too expensive but now can be made at a more affordable price. Things like diamond studs, large stone rings, tennis bracelets or tennis necklaces. But here are a few other great ways to use labs:
• Replace lost diamonds in an important piece
• Get smaller pieces like small studs earrings or necklaces for daily usage
• Duplicate your expensive pieces like engagement rings for travel purposes
The only difference with lab grown diamonds is how they're made. People have no clue about the difference in quality and cost. So, if you're looking to add to your growing collection, a few lab-grown pieces are sure to help you get the pieces you most desire and save.
