The diamond industry has seen different kinds of changes from the beginning to today’s modern age. Leading to the introduction of lab diamonds. Since their production, people have had different queries related to these diamonds. They want to know how much cheaper are lab-grown diamonds because they still have concerns about their origin and authenticity. Get more details about the 5Ct Pear Shape Emerald & Lab Grown Diamond Halo Ring in 10k White Gold.
Helping You Find Out How Much Cheaper Are Lab-Grown Diamonds?
The following are the important factors that help us understand how much cheaper are lab-grown diamonds.
Manufacturing Procedures
The first factor is that natural diamonds have a lengthy production procedure because they are manufactured deep. Within the Earth’s mantle for various years at intense temperatures and conditions, leading to an uncontrolled manufacturing procedure. Withdrawing natural diamonds to the Earth’s surface requires using labor force and heavy mining that is costly and time-consuming.
On the other hand, lab diamonds are created under intense yet controlled conditions in a laboratory. Using procedures like HPHT and CVD within weeks using advanced technological equipment, saving time and money by cutting additional steps. Couples love to wear unique and modern Lab Grown Diamond Engagement Rings.
Logistics Network
The second factor is that natural diamonds have a complicated and twisted logistics network. In which they add too many additional steps in their manufacturing procedure, leading to an increase in the price accordingly. On the other hand, lab diamonds are free from these issues because they are manufactured in laboratories under strict conditions. Cutting the need for additional steps. Their logical network is small and simple. You should know that these differences led to a decrease in lab diamond prices. Than natural ones by at least 30-40%.
Demand In The Diamond Market
The third factor is that natural diamonds have been sold in the diamond market for centuries have helped. Maintain a position and win consumers' trust. That’s why, people prefer to purchase these diamonds and sellers don’t have to adopt. Any complicated strategies to sell them at high prices. Lab diamonds are newly introduced in the diamond market and require much more marketing and advertising to attract. Users' attention and urge them to purchase them. Because of reduced awareness, diamond sellers have a huge competition in selling lab diamonds at affordable rates.
Environment-Friendly Option
The fourth factor is that natural diamonds are not environment-friendly. They disturb the natural balance of the environment because their production procedures are destructive, conflictive, and bloody. And consume too many natural resources that are a source of food for animals and humans.
That’s why, many users have concerns about using natural diamonds and they feel responsible for their environmental balance. Lab diamonds have provided them with a suitable option to wear elegant and shiny diamonds without erupting the natural balance. Because lab diamonds don’t involve any unethical or environment-disrupting practices.
Resale Value And Certifications
The fifth factor is that consumers should also consider the resale value and certifications along with lab diamonds. Because certifications provide proof of the authenticity and production procedures used in the manufacturing of lab or natural diamonds. These certifications are provided by professional gemological institutions. However, the resale value of lab diamonds is not reliable as compared with natural diamonds. That can prove an effective long-term investment. It depends on your personal preference whether you want to resale it or wear it by yourself.
Wrapping Up
To wrap up, how much cheaper are lab-grown diamonds? Lab diamonds are authentic diamonds, having the same physical, chemical, and optical features and properties just like natural diamonds. However, understanding the reasons behind their affordable costs can help you wear them with grace. And protect them from wear and tear. You should consider the resale value part too if you are interested in reselling lab diamonds after a specific period.