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You might be living in an alien world if you haven’t heard of lab-grown diamonds in recent years. Its popularity has skyrocketed since 2015 and so has the market of people choosing lab-grown diamonds. If you are planning to buy diamond jewelry of any sort, the idea of the lab-grown diamond must have popped into your mind. With whatever information you have, is a lab-grown diamond suited for you?
Let’s analyze the situation using a traditional method of weighing the pros and cons.
Such are the similarities between a mined diamond and a lab-grown diamond it’s difficult to point out a difference without certification. Lab-grown diamonds offer as brilliant a shine as that of mined diamonds. They possess the same chemical, optical, and physical properties as mined diamonds.
If you are looking for shine and brilliance as beautiful as a mined diamond, you can safely rely on lab-grown diamonds.
Lab-grown diamonds can be made in less than a week while it takes billions of years to form a mined diamond. Mined diamonds have a limited supply, hence they are exorbitantly priced. On the other hand, lab-grown diamonds can be produced at much cheaper rates in abundant quantity. With ample supply to meet the demand, they are priced to be cost-effective. They are nearly 40-50% cheaper than mined diamonds.
If your idea is to get jewelry to flaunt, invest in lab-grown diamonds. You can avail larger diamonds in your budget with stunning finishes and required characteristics matching your demand.
Lab-grown diamonds are produced in factories where the workers get appropriate working conditions and are paid heftily. They aren’t mined from the Earth causing no damage to the communities, habitation, and environment. Hence they are cruelty-free.
Indeed, the gas produced while creating lab-grown diamonds is huge. However, with time and changes in technology, we can expect lab-grown diamonds to be absolutely eco-friendly.
For a conscious buyer who likes making responsible choices, lab-grown diamonds are a perfect score.
Lab-grown diamonds can have an enormous supply. That is to say, the supply can be met with increasing demand almost immediately, thereby keeping its pricing neutral.
Since it's relatively new to the market, it's difficult to decode its resale value. Hence, if the purchase is for gifting or personal satisfaction, lab-grown makes a perfect choice. In terms of investment, lab-grown diamonds may not offer adequate returns.
The mindset created by mined diamonds as a notion of love and being precious and a once-in-a lifetime purchase is difficult to replace overnight. Hence, even if you get comfortable with the idea of purchasing lab-grown diamonds, your close ones might not support the decision given their area of knowledge in regards to lab-grown diamonds.
Also, Read Lab-Grown Diamonds: A New Trend in the Market
All in all, lab-grown diamonds are definitely worth a splurge. They aren’t hype. They are just getting better with their growth phase. Whether or not to buy lab-grown diamonds depends on your motive behind spending. Apart from investment purposes, lab-grown diamonds would prove worthy and more rewarding than mined diamonds.
