What To Know About Lab-Grown Diamond Pricing

Demand For Diamond Earrings
Demand For Diamond Earrings
Lab Grown Diamonds
Lab Grown Diamonds

Lab-grown diamonds have become tremendously popular among customers for their cheaper rates in comparison to natural diamonds. The price of these synthetic stones can be 40-50% less than their mined versions. Hence, the introduction of lab grown diamonds made these otherwise costly stones affordable for everyone. But there are several factors that can impact the cost of lab-grown diamonds just like natural diamonds. Therefore, we list some of the important things you want to know about the pricing of these synthetic stones.

Why Lab-Grown Diamonds Are Less Costly?

The supply chain of lab-grown diamonds is very short when compared to natural diamonds. From mines to customers, a natural diamond passes countless hands and borders and its price can increase as they pass each member of the supply chain. So the price of these stones can be incredibly high when they reach the customer.

But the supply chain of lab-created diamonds is very short. Usually, the manufacturers of these stones supply them to the jewelers. Also, many reputable jewelers create their own high-quality lab grown diamonds. Therefore, they can be available for cheaper rates.

Additionally, lab-made diamonds are not rare and unique as natural ones. They can also be created at will. These factors can also contribute to the lower price ranges associated with such stones.

Factors That Can Affect The Price Of Lab-Grown Diamonds

Just like natural diamonds, different quality attributes including the 4Cs are important for lab-created diamonds too. Therefore, you will have to inspect their color, clarity, and cut grades to determine their quality. Also, artificial diamonds sold by reputable jewelers come with grading reports from labs like the IGI. Getting these stones can help you to determine their quality.

The Carat Weight And The Pricing Of Lab Grown Diamonds

The price per carat of natural diamonds can greatly increase according to the increase in the carat weight of these stones. Therefore, you will have to pay an extremely huge price to get one 2-carat diamond in comparison with two 1-carat diamonds. But the price of lab-grown diamonds won’t exponentially increase based on their carat weight. Hence, getting diamond rings with higher carat weights can be more affordable if you choose these stones.

The Color And The Pricing Of Lab Grown Diamonds

Diamond Rings
Diamond Rings

Colored natural diamonds can be unbelievably costly, especially, in some rare colors like red and blue. But the color has less impact on the pricing of lab-created diamonds. So if you want colored diamonds for cheaper rates, then artificial diamonds are your best bet.

In short, lab-grown diamonds can be extremely cheap in comparison with natural ones whether you choose colored or colorless diamonds.

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