Traditional diamonds are always known for their rarity, value, and expensive prices. However, the introduction of lab diamonds has made people differentiate between these two diamond options.
Lab diamonds are authentic and high-quality diamonds. However, diamond users and environmental-conscious consumers have concerns if are lab-grown diamonds more expensive.
They want affordable and within-the-budget diamond options for normal wearing and for special occasions. Learn more details about the Certified 2.58Ct Round Diamond Engagement Ring Pave Yellow Gold Lab Grown.
4 Factors To Know If Are Lab-Grown Diamonds More Expensive?
The following are the important factors to learn if lab diamonds are more expensive than natural diamonds.
Understanding Lab Diamonds
Lab diamonds are created in a laboratory where scientists control every step of the manufacturing procedures. They are chemically, physically, and identically similar to natural diamonds. However, the main difference between natural and lab diamonds is having different manufacturing procedures.
Lab diamonds are created using two procedures. HPHT or CVD methods offer high quality, better clarity, and transparent diamonds. Each method has a slight price difference. Advanced and technological equipment is used in manufacturing lab diamonds.
Price Differences Between Natural And Lab Diamonds
Naturally, lab diamonds are more affordable than traditional diamonds. The main reasons are the controlled production procedures, availability in a massive range, and the fewer mining costs required. Traditional diamonds involve a complicated mining procedure with too much physical labour force required. They are rare and can be mined after many years of production, etc. Which increases their value and costs in the diamond industry.
Traditional diamonds are also associated with too many unethical practices. Lab diamonds are at least 50% more affordable than traditional diamonds. The diamond industry is expecting more price fluctuations as new and advanced technological equipment is used for manufacturing lab diamonds. Couples love to purchase lab-grown diamond engagement rings.
Available In High Quality
Even though lab diamonds are available at an affordable price. They are not lower in quality than traditional diamonds in any way. Lab diamond quality and worth are examined the same way in the gemological institutions. Of the GIA and IGI as in traditional diamonds. They are examined based on the 4Cs and it is mostly impossible to differentiate between natural and lab diamonds. Without using any advanced gemological equipment. Only professional gemologists can check out the quality and origin of traditional and lab diamonds.
Expected Increase In The Prices Of Lab Diamonds
Users have concerns that if lab diamonds are available at affordable rates for now. Will their prices increase in the future? It depends on several factors. If the demand for lab diamonds increases continuously, manufacturers will increase the costs gradually. However, it is a difficult occurrence because lab diamonds are available in a massive quantity. And easy to produce in some weeks and months.
Consumers are continuously gaining awareness about using ethically and socially responsible gemstones, which increases the chances of increased costs. Of lab diamonds but they still cannot overpower traditional diamonds in expensiveness. The technological advancements in producing lab diamonds are improving, which can increase the chances of their increased costs.