October 25, 2024

Are Lab Grown Diamond Rings Worth Buying?

Summary

  • Lab grown diamonds are made with technology so they are chemically, optically and physically identical to natural diamonds, the only difference is the origin
  • They are an affordable and ethical choice for engagement rings, come in many shapes, colours and sizes and have a smaller environmental footprint than natural diamonds
  • A lab diamond may have a lower resale value and may be saturated in the market in the future, but are appealing for their cost and ethics
  • Visually indistinguishable from natural diamonds, lab grown diamonds need certification from reputable organizations to ensure quality and authenticity
  • For the budget-conscious, style-focused and ethically-minded consumer, lab grown diamonds are a modern, sustainable and stylish alternative for the center stone to their engagement ring, compared to traditional diamond options
A close-up of a man kissing a hand wearing a sparkling engagement ring with a square-cut diamond, possibly a lab-grown diamond.
Photo by Kayla Robson from Pexels

Lab grown diamonds have become increasingly popular in the jewelry world, with many couples choosing this form of diamond over other types of stones for their engagement rings. With technology improving, they’re becoming more popular for their ethical and eco-friendly benefits. But are lab created diamond rings for everyone? Continue reading to learn more.

What Are Lab Grown Diamonds?

Lab grown diamonds, also known as cultured diamonds or synthetic diamonds, are created using advanced technology that replicates the natural process of diamond formation. This process involves subjecting a diamond “seed” to extremely high temperatures and pressures, mimicking the natural conditions found deep within the earth’s crust. The result? A diamond that is chemically, optically and physically identical to a natural diamond, with the only difference being its origin (as natural diamonds are mined from the earth, while lab grown diamonds are grown in a lab). This process not only makes lab grown diamonds more affordable but also reduces their environmental impact, making them a great option for the eco-friendly consumer looking for their ideal engagement ring.

Why Buy Lab-Grown Diamonds for Engagement Rings

Lab grown diamonds are the perfect choice for any engagement ring, due to their affordability and ethical production. As they are 20-40% cheaper than natural diamonds, they allow couples to invest in a higher carat weight or more intricate designs without compromising quality. Conflict-free diamonds give peace of mind to socially conscious couples who align their values with their jewelry. In addition, lab grown diamonds have a smaller environmental footprint and less impact on the earth, which is extremely important for some couples. They also come in any diamond shape, colour and size to suit exact styles and visions. Whether couples are drawn to shapes like the classic round or unique marquise, lab grown diamonds give customers the flexibility to create a one-of-a-kind engagement ring.

Environmental Impact and Cost-Effectiveness

Lab grown diamonds sparkle not just in their brilliance, but also in their eco credentials. Traditional diamond mining can be very destructive, involving land disruption, water usage and pollution, while in contrast, lab grown diamonds require minimal water and energy, and there is no mining waste or pollution. Therefore lab grown diamonds are a much greener option for those who prioritize the well-being of our planet.

Additionally, lab grown diamonds are also more cost-effective than natural diamonds. This means couples are able to get a bigger, better diamond for the same price as a smaller, lower-quality natural diamond. Imagine being able to afford a stunning diamond engagement ring that dazzles with higher carat weight and better clarity all within your budget! It’s a win-win for your wallet and the planet.

Cons of Lab Grown Diamonds

Although there are many pros to lab grown diamonds, it is important to be aware of some of the drawbacks. Firstly, they have a lower resale value than natural diamonds which can be a huge downfall for those who see diamonds as an investment. Secondly, some people may still see natural diamonds as more luxurious or emotionally significant. Although this mentality is starting to shift, many people still hold tight to these values. Lastly, with more lab grown diamonds being produced, there could be market saturation in the future which could impact prices as they can be produced in unlimited quantities.

Close-up of hands holding, featuring a pear-shaped engagement ring with a lab-grown diamond.
Photo by TranStudios Photography & Video from Pexels

Visual & Physical Differences: Can You Tell Them Apart by Carat Weight?

In short, no! Lab grown and natural diamonds look identical to the naked eye regardless of the carat weight. This visual similarity means when you choose a lab grown diamond, you’re not compromising on the beauty or brilliance of mined diamonds. But to ensure you’re buying a high-quality lab grown diamond, getting certification from reputable organizations like GIA (Gemological Institute of America) or IGI (International Gemological Institute) is key. These certifications give you peace of mind about the diamond's quality, authenticity and value, so you can make an informed decision and invest in a piece that will last forever.

Quality and Characteristics

When it comes to quality and characteristics, lab grown diamonds are almost identical to natural diamonds, as both are made of pure carbon, crystallized in an isotropic crystal structure, which gives them their hardness and brilliance. Lab grown diamonds have the same fire and sparkle as natural diamonds, so they’re perfect for any piece of jewelry, especially diamond engagement rings. Lab grown diamonds come in a wide range of colours, including colourless, pink, yellow and blue, so customers have even more options to create their dream ring.

Who Should Buy Lab Grown Diamonds?

Lab grown diamonds are for everyone. Those shopping within a budget will love the price, fashion-forward clients will love the style and sparkle and ethical consumers will love the peace of mind. Overall, lab grown diamonds are for those who value price, ethics and style and want an alternative to traditional diamonds.

Lab Grown Diamonds vs Natural Diamonds and Other Options

When considering lab grown diamonds for an engagement ring, you need to weigh them against other options. For example, comparing moissanite to lab grown diamonds shows the differences in appearance, price and durability. Moissanite has a unique sparkle and is often cheaper, but lab grown diamonds have the same brilliance and optical properties as natural diamonds. Comparing natural diamonds to lab grown diamonds highlights the pros and cons of each, as natural diamonds are often valued for their rarity and traditional appeal, whereas lab grown diamonds are a more ethical and cost-effective option without compromising on beauty. Ultimately it’s up to personal preference, budget and ethics.

Overall, lab grown engagement ring diamonds are a modern, ethical and cost-effective alternative to traditional diamond options. With the same physical and chemical properties as natural diamonds, they have the same brilliance and beauty without the environmental and ethical issues of diamond mining. Whether you’re looking for the perfect engagement ring or a unique piece for your collection, lab grown diamonds are for those who value sustainability, affordability and style. As the industry continuously evolves, lab grown diamonds are the symbol of innovation and conscious consumerism so they’re the perfect choice for today’s buyer. If you are looking for more information about lab created diamond rings, please contact us today and our team will be happy to help you find your dream ring.

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