Lab grown diamonds are just as good for engagement rings as natural, mined diamonds. Many have preconceived notions that a lab grown diamond is not as good as a natural diamond because they do not take as long to grow as natural diamonds. While this is true, a lab grown diamond is no different than a natural diamond, as they are physically and chemically the same.
Lab Grown vs Natural Diamonds
Natural diamonds are often considered to be “more valuable” because they take billions of years to be created. Many couples view a natural diamond as better because they take longer to make. This leads to the idea that “love is forever” since diamonds take billions of years.
Lab grown diamonds can take up to 10 weeks to be made in the lab. No matter the chemical procedure that is done, lab grown diamonds come out with the same physical and chemical properties, making it almost indistinguishable between the two.
Do Lab-Grown Diamonds Have Resale Value?
Many lab-grown diamonds are of equal quality or higher quality than mined diamonds. All diamond purchasers need to make a profit, so they will negotiate the best price.
Just like with mined diamonds, lab grown diamonds are judged by the 4Cs to determine the best price for your diamond. All Diamonds are priced wholesale and retail based on the Rapaport system, one that is similar to an “MSRP.”
You can resell your lab-grown diamonds and they will have value; it all depends on the cut, color, clarity, and carat weight. Lab-grown diamonds are not readily available and are not flooding the market. They make up a small portion of the market and are only available in limited quantities. You can find lab grown diamonds in larger sizes and fancy shapes. It all depends on your style and your budget.
Pros of Buying a Lab-Grown Diamond
Here are some positives to buying a lab-grown diamond:
- Can cost between 30-50% less
- More ethical
- A good alternative to natural diamonds, especially if not looking to resell
Cons to Buying a Lab Grown Diamond
Here are some of the cons to buying a lab-grown diamond:
- Natural diamonds are rare, potentially holding more value
- Sustainability issues with how much energy is used to create these diamonds.
Shopping for diamonds for your engagement ring or other fine jewelry pieces? With Acredo, we have a wide selection of both natural and lab-grown diamonds for you to choose from. Contact us today to set an appointment to create the diamond ring of your dreams.