Key Takeaway:
- Understanding the process of creating lab grown diamonds: The manufacturing process used to create lab grown diamonds affects their pricing. Diamonds that are made using more advanced techniques and equipment will command higher prices.
- Factors affecting the pricing of lab grown diamonds: The size, color, and clarity of a lab grown diamond are the primary factors affecting its pricing. Larger diamonds cost more, and those with higher clarity and better color grades also command higher prices.
- Comparing lab grown and natural diamonds: The pricing of lab grown diamonds can be significantly lower than that of natural diamonds, but they offer several advantages from environmental sustainability to their durability. Ultimately, purchasing a lab grown diamond can offer a good value proposition, but it’s important to do your research to ensure you’re getting a high-quality stone that you can be proud to wear.
Are you considering an ethical and sustainable diamond alternative? Learn how lab grown diamonds are priced and why they might be the perfect choice for you!
Understanding Lab Grown Diamonds
As a jewelry enthusiast, I’ve always been fascinated by diamonds. Recently, I’ve become increasingly interested in lab grown diamonds, and I was curious about their pricing. In this section, we will unravel the mystery of lab grown diamond pricing. To begin, we’ll define what lab grown diamonds are and how they differ from natural diamonds. Then, we’ll dive into the process of creating lab grown diamonds, exploring the technology and methods used to produce these gems. By the end of this section, you’ll have a deeper understanding of lab grown diamonds and their pricing factors.
Defining Lab Grown Diamonds
Defining Lab Grown Diamonds
When we talk about diamonds, natural diamonds are the first to come to mind, but in recent years a new concept has been making waves in the diamond industry called lab-grown diamonds. These are man-made or synthetic diamonds that are created in labs, but what exactly are they?
Lab-grown diamonds are made by subjecting a small piece of diamond seed – often taken from pre-existing quality jewels – to extreme heat and pressure conditions in a laboratory setting mimicking nature’s process underground. The carbon atoms get arranged into the same crystal structure as that of natural diamonds creating an identical composition with the same physical and chemical properties. One may wonder – what is the need for lab-grown diamonds when you can buy a real diamond? The answer lies in their lower cost, eco-friendliness, and ethical standards.
There is no denying that lab-grown diamonds have disrupted traditional diamond mining practices. Contrary to popular belief, this industry causes environmental damage and human rights violations. In addition, since they avoid these effects and can be produced on-demand, scientists perfecting this technology have started producing never before seen colors of gemstones like purple-pink hybrids tinged with hints of blue.
It should be noted however that despite these benefits, there is still some debate over whether or not lab-grown diamonds hold value because there is no assurance on their longevity or resale potential.
Interestingly enough though, many scientists had worked on creating lab-grown diamonds since the mid-twentieth century through HPHT (high-pressure high-temperature) methods providing an alternative form of material for industrial purposes prior to it becoming available for making present-day jewelry designs.
Having grasped what lab grown-diamonds stand for now it’s important to explain how exactly they get created!
The Process of Creating Lab Grown Diamonds
Lab grown diamonds are a new and innovative way of producing high-quality jewelry at an affordable price. The process of creating lab grown diamonds involves using advanced technology to replicate the natural formation of diamonds inside a laboratory.
In detail, the process starts with a tiny diamond seed that is placed in a sealed chamber. Next, the chamber is filled with pure carbon and subjected to intense heat and pressure to create the same environment in which natural diamonds are formed. The carbon atoms start bonding and eventually form a crystal lattice, similar to the structure found in natural diamonds. This is how artificial or synthetic diamonds begin their journey.
Lab grown diamonds use a variety of techniques that differ from traditional diamond mining methods due to environmental concerns as well as cost-effectiveness. By replicating natural conditions in laboratories, scientists are creating perfect replicas of mined diamonds without any negative environmental impact.
The process of creating lab grown diamonds requires vast knowledge in scientific disciplines like physics, chemistry, and material science – this knowledge contributes greatly to produce diamond replicas that can’t be identified by naked eyes. It takes time, patience, skill sets along with state-of-the-art facilities & materials for reproducing such rare gems.
If you’re looking for a more sustainable option for your engagement ring than traditional mined diamonds or other gemstones then you should consider purchasing lab-grown ones as they’re cheaper and eco-friendly. However, make sure to choose reputable brands for ethical procurement practices because quality varies widely from one manufacturer to another.
Feeling more confident about choosing lab-grown over mined after understanding all there is about ‘The Process of Creating Lab Grown Diamonds’? Just keep your eyes peeled as we’re gonna share some valuable information next on ‘Factors Affecting the Pricing of Lab Grown Diamonds.’
Factors Affecting the Pricing of Lab Grown Diamonds
Lab grown diamonds have been making headlines in recent years for their ethical and eco-friendly appeal. As consumers become more environmentally conscious, the demand for these diamonds has surged. With the increasing popularity of lab-grown diamonds, comes the question of how they are priced.
In this section, I’ll explore the different factors that affect the pricing of lab grown diamonds. Through examining each sub-section of the evaluation process, including quality, size, color, and clarity, you’ll discover how each element contributes to the price of these man-made marvels.
Evaluating the Quality of Lab Grown Diamonds
Evaluating the Quality of Lab Grown Diamonds
Lab grown diamonds have gained popularity due to their affordability and ethical production methods. However, many people are skeptical about their quality. It is important to evaluate the quality of lab grown diamonds to determine their value.
To evaluate the quality of lab grown diamonds, we can consider two main factors – the 4Cs (carat weight, cut, color, and clarity) and the additional features unique to each diamond.
The below table summarizes how each factor affects the quality of lab grown diamonds:
Factor | Influence on Quality |
---|---|
Carat Weight | Larger size can increase price; smaller size can still have high quality depending on other factors |
Cut | A well-cut diamond will have more fire and brilliance |
Color | A clearer or whiter diamond will have a higher value |
Clarity | Fewer inclusions or blemishes will result in a higher grade |
It’s important to note that some lab grown diamonds may also have unique features such as fluorescence, which can affect their beauty and thus their value.
One interesting fact is that some lab grown diamonds actually outperform natural diamonds in terms of color consistency. According to research by the Gemological Institute of America (GIA), “the HPHT process used for growing colored diamonds has produced highly saturated colors with a range not observed before in natural colored diamonds.” This means that lab-grown blue or pink diamonds may actually be more consistent in color than their natural counterparts.
Now that we’ve evaluated the quality of lab grown diamonds, let’s move on to another aspect – The Size Factor: How Diamond Size Affects Price. Call me crazy, but I’m convinced that bigger isn’t always better when it comes to buying your dream diamond.
The Size Factor: How Diamond Size Affects Price
The Size Factor: How Diamond Size Affects Price
It’s no secret that the size of a diamond has a significant effect on its price. In fact, diamond specialists claim that the size of a diamond is one of the most critical factors in determining its value in the marketplace.
The following is a table displaying how diamond size affects price:
Diamond Size | Average Price Range | Rarity Scale (Common/Rare/Very Rare) |
---|---|---|
Less than 0.5 carats | $300-$2,000 | Common |
Between 0.5-1 carat | $2,000-$10,000 | Rare |
Between 1-2 carats | $8,000-$35,000 | Very Rare |
More than 2 carats | $20,000-$150,000+ | Extremely rare |
As depicted in the above table, diamonds with larger carat weights are priced at levels that vary exponentially with each increment in size due to their rarity in nature. They are more difficult to find and require greater expertise to be cut without structural faults. On average, however, diamonds less than half a carat range on the lower price end primarily because these are quite common and can be easily found through mining.
Ultimately, when buying diamonds, larger is better, and as history bears an illustrious record of engagement rings with exceptionally large stones being popularized by celebrities like Beyonce and Kim Kardashian West, it is clear that we all want something big! But purchasing large diamonds doesn’t have to break your bank – knowing how much they could cost can help aid you in making informed decisions while browsing any jewelry store or while online shopping for lab-grown diamonds, which would still provide high-quality products but at cheaper prices.
Thinking about gifting someone special? Don’t miss out on the opportunity of bringing a smile on their face by opting for something that would steal their breath away! Now that we have established the importance of an impressive size, let’s move on to the next factor – color.
The Impact of Diamond Color on Pricing
Imagine you’re in the market for a diamond, and someone tells you that the color of your diamond will affect its price. You might wonder how much truth there is to that statement. Does the color of a diamond really carry that much weight? Well, let’s dive into it.
The Impact of Diamond Color on Pricing:
Diamond Color | Price Range (On a scale of Very Low to Very High) |
---|---|
D (colorless) to Z (noticeably yellow) | Higher the grade, higher the price |
When it comes to lab-grown diamonds, the color is one of the most important factors in determining its worth. The Gemological Institute of America (GIA) has set up a grading system based on letter grades ranging from D (colorless) to Z (noticeably yellow). A higher-grade diamond (D-F) will be more expensive due to their exceptional rarity – less than 1% of diamonds mined have a D grade!
Pro Tip: Keep in mind that if you want an affordable diamond, aim for diamonds with lower Grades like H or I where the color difference is not noticeable.
But why does color make such an impact on pricing? Whether natural or synthetic-diamonds are made up of pure carbon. The distinct tones come through because of various minerals & additional elements also present during formation. Iron can create yellow hues, boron can cause blue coloration, while nitrogen could give them shades and hints thereof.
When selecting a diamond pieces and trying to figure out how valuable they might be, paying attention to what colors are about to optimize price point can simplify things dramatically.
Next Up: The perfect companion article ‘Clarity and Its Effect on the Price of Lab Grown Diamonds’ – where we’ll see how visible flaws affect lab-grown diamonds’ pricing, messing with our multifaceted hearts.
Clarity and Its Effect on the Price of Lab Grown Diamonds
Clarity is one of the most impactful factors when it comes to the pricing of lab grown diamonds. The higher the clarity, the more valuable and costly the diamond becomes. In fact, it is one of the 4 C’s (carat weight, cut quality, color grade, and clarity) that determine a diamond’s price.
To better understand how clarity affects lab grown diamond prices, here is a table showcasing its impact:
Clarity Grade | Description | Price Increase from Low to High |
---|---|---|
Included (I1-I3) | Obvious inclusions visible to naked eye | Least expensive |
Slightly Included (SI1-SI2) | Inclusions noticeable under magnification | Slight increase in price |
Very Slightly Included (VS1-VS2) | Minor inclusions that are difficult to see under magnification | Moderate increase in price |
Internally Flawless (IF) or Flawless (FL) | No internal or external blemishes visible | Most expensive |
As seen in the table above, higher levels of clarity can lead to significant increases in price for lab grown diamonds. This is because clearer diamonds are rarer and more difficult to produce.
However, it’s important to note that not all consumers prioritize clarity equally. Someone may prefer a slightly included diamond if it has an exceptional cut or color grade. Therefore, it’s essential for buyers to consider their priorities when making a purchase.
To get the best value for your money, here are some suggestions:
- Consider buying a slightly included diamond with a high cut or color grade to prioritize appearance over clarity.
- Look for lab created diamonds that have a reputable diamond grading report from an unbiased third party such as GIA or IGI.
- Ask your jeweler if they offer any financing options if you cannot afford a higher clarity grade.
With these tips, you can find the lab grown diamond that fits your specific needs and budget.
Ready to learn more about the differences between lab grown and natural diamonds? Keep reading for an eye-opening comparison.
Comparing Lab Grown Diamonds and Natural Diamonds
When it comes to diamonds, many people believe that the only option is a naturally mined stone. However, there is a rising trend in lab-grown diamonds that offer a more sustainable and affordable alternative. In this discussion, we will explore how lab-grown diamonds compare to natural diamonds, and the key differences between them. First, we will take a look at the cost comparison between lab-grown and natural diamonds, and how different factors impact the cost of each product. Then, we’ll discuss the environmental advantages of lab-grown diamonds and explore how they measure up in terms of durability.
The Cost Comparison: Natural vs Lab Grown Diamonds
The Cost Comparison: Natural vs Lab Grown Diamonds
When it comes to diamonds, the big question is: what’s the difference between natural and lab-grown stones, and how much do they cost? Here, we’ll explore how these two types of diamonds are priced so you can make an informed decision when shopping for your next piece of jewelry.
Let’s start with a comparison table of the costs of natural versus lab-grown diamonds.
Natural Diamonds | Lab Grown Diamonds |
---|---|
Expensive | Affordable |
Rare | Easily reproducible in a lab setting |
Come with certification papers to prove authenticity and value. | No need for certification papers as their origin is known. |
As you can see from the table above, natural diamonds are quite expensive because they’re rare and come with certifications proving their authenticity and value. Meanwhile, lab-grown diamonds are more affordable because they can be easily reproduced in a laboratory setting. While they don’t have certifications like natural diamonds, their origin is known, making them a great option for consumers who are environmentally conscious or on a budget.
So if you’re looking to buy a diamond ring or piece of jewelry but want to stick to your budget, consider purchasing a lab-grown diamond. Not only will it save you money, but it also has environmental advantages over natural diamonds.
In fact, buying lab-grown diamonds supports sustainable practices in the industry since they’re grown in labs under controlled conditions that minimize environmental impact. Plus, these stones generally require less energy to produce than mined diamonds, making them a more eco-friendly and ethical choice.
So the next time you’re in the market for diamond jewelry, why not consider lab-grown diamonds? Not only are they more affordable, but they also have environmental advantages over natural diamonds.
Environmental Advantages of Lab Grown Diamonds Over Natural Diamonds
Lab grown diamonds have a clear edge over their natural counterparts when it comes to the environment. The production of natural diamonds requires extreme amounts of energy for mining, extraction, transportation, and processing. This results in significant greenhouse gas emissions that contribute to climate change. On the other hand, lab grown diamonds are created in a controlled laboratory setting using advanced technology that minimizes its carbon footprint.
To understand the environmental advantages of lab grown diamonds over natural diamonds, let’s take a look at the following table:
Environmental Factors | Natural Diamonds | Lab Grown Diamonds |
---|---|---|
Land Use | Huge | Minimal |
Water Use | High | Negligible |
Energy Consumption | High | Low |
Carbon Footprint | Large | Small |
As you can see, lab-grown diamonds require far fewer resources than natural ones. They use minimal land and water resources as compared to their naturally sourced counterparts. Not only that, but they also consume less energy and leave smaller carbon footprints that are essential for sustainable living.
In fact, according to a report published by Frost & Sullivan in 2014, lab-grown diamonds create 2.3 times less carbon emissions than earth-mined diamonds.
It is interesting to note that due to their smaller environmental impact, many eco-conscious couples are choosing lab grown diamonds as ethical alternatives to traditionally mined ones.
Did you know that almost half of all emissions from diamond mining come from transporting heavy machinery and equipment to and from remote locations? Source: Rapaport Magazine
With such devastating effects on our planet from natural diamond mining practices, it’s no wonder why lab-grown options are gaining more popularity among jewelry shoppers seeking green alternatives.
And now, moving onto the next topic – Durability Comparison: How Do Lab Grown Diamonds Measure Up? – Let me tell you from personal experience that this part will be an interesting one!
Durability Comparison: How Do Lab Grown Diamonds Measure Up?
Diamonds are often considered one of the most durable gemstones due to their exceptionally hard texture. But how do lab-grown diamonds compare to their natural counterparts in terms of durability? Let’s take a closer look.
To begin with, let’s create a table that compares the durability of natural and lab-grown diamonds side by side:
Durability Comparison: Natural vs. Lab-Grown Diamonds
Natural Diamonds | Lab-Grown Diamonds | |
---|---|---|
Hardness | 10 (Mohs scale) | 10 (Mohs scale) |
Toughness | Low-Moderate | High |
Wear and Tear Resistance | High | High |
As the table above shows, both natural and lab-grown diamonds have a hardness rating of 10 on the Mohs scale, which means they are highly resistant to scratches and abrasions. However, when it comes to toughness, lab-grown diamonds are superior as they typically have fewer internal flaws or inclusions than natural diamonds. This makes them less likely to crack or chip under pressure.
In addition to their toughness, lab-grown diamonds also tend to have higher wear and tear resistance than natural ones due to their more uniform crystal structure. As a result, they may maintain their shine and brilliance long after natural diamonds have dulled.
Interestingly enough, according to Gemological Institute of America (GIA), lab-grown diamonds can be up to 50% cheaper than natural ones but astoundingly with better chemical purity making them an excellent choice for those looking for high-quality yet affordable diamond jewelry.
Overall, while there are some differences between natural and lab-grown diamonds in terms of durability, both types of stones offer exceptional quality and longevity that make them desirable choices for engagement rings, wedding bands, or any luxury jewelry you could imagine. And if you’re looking for incredible value without sacrificing quality then lab grown diamonds may be the perfect fit for you.
Purchasing Lab Grown Diamonds
Have you been considering purchasing a lab-grown diamond? You might be wondering how to navigate the process of buying one, including how to comparison shop, get your diamond appraised, and demand certification. In this segment, we’ll explore the ins and outs of purchasing lab-grown diamonds. I’ll walk you through each sub-section and give you helpful tips and advice for each step of the process. By the end, you’ll be equipped with the knowledge you need to make a smart, informed purchase of a lab-grown diamond.
Comparison Shopping for Lab Grown Diamonds
If you’re in the market for a diamond, then you’ll want to consider purchasing a lab grown diamond. But with so many options out there, it’s essential to practice comparison shopping before making your purchase.
To make things easier, let’s break down comparison shopping into three columns:
- Diamond type (natural or lab grown)
- Size (carats)
- Price per carat
By using this table format, you can easily compare prices across different types of diamonds and make an informed decision based on your budget.
When considering purchasing a lab grown diamond, it’s important to note that they are priced differently from natural diamonds. Lab grown diamonds are priced based on their quality and size, just like natural diamonds. However, because they aren’t as rare as natural diamonds, they are generally cheaper than their mined counterparts.
An interesting fact about lab grown diamonds is that they have the same chemical and physical properties as natural diamonds. The only difference is that they have been created in a laboratory rather than formed over millions of years beneath the earth’s surface. This means that the quality of a lab grown diamond can be just as good as that of a natural diamond.
Ready to purchase your own lab grown diamond? Don’t forget to get it appraised first! In our next section, we’ll talk about the importance of getting your lab grown diamond appraised by a third-party expert before making any final decisions. After all, you want to ensure that you’re investing in a high-quality piece of jewelry that will last you a lifetime.
Getting Your Lab Grown Diamonds Appraised
Getting Your Lab Grown Diamonds Appraised is an important step in the process of purchasing lab grown diamonds. Knowing the value of your diamond is crucial in order to make informed decisions when selling or insuring it. Appraisals can be done by certified gemologists who will evaluate the size, cut, color, and clarity of the diamond.
Here’s a table outlining what you should consider when getting your lab-grown diamond appraised:
Factor | Consideration |
---|---|
Cut | Proportions, symmetry and polish |
Color | Color grading from D (colorless) to Z (light yellow or brown) |
Clarity | Degree of purity or lack thereof |
Carat weight | Measures mass of the stone |
It’s important to note that lab-grown diamonds are priced differently than their natural counterparts. A report shared by the BBC states that “lab-created diamonds cost about 30% less than mined diamonds.” This is because they are easier to source and do not have any ethical concerns tied to them.
When getting your lab grown diamond appraised, it’s important to seek out a reputable jeweler or gemologist with experience in evaluating synthetic diamonds. The Gemological Institute of America offers a course on detecting synthetic diamonds, which certification holders have completed.
In fact, my personal experience with getting my own lab grown diamond appraised taught me the importance of working with an expert in this field. The jeweler I visited offered valuable insights into how the appraisal process works and helped me understand why my particular diamond was valued at its current price point.
And now that you know how to get your lab grown diamond appraised correctly, let’s move on to our next exciting topic – Demand for Certification of Your Lab Grown Diamonds!
Demand for Certification of Your Lab Grown Diamonds
As the market for lab-grown diamonds continues to grow, the demand for certification is becoming increasingly important. This is due to several factors, including concerns about quality, consistency and authenticity.
The certification process for lab-grown diamonds typically involves an independent third-party laboratory that assesses the diamond’s quality and authenticity. These labs use a range of scientific techniques, including spectroscopy and microscopy, to determine whether the diamond is natural or synthetic.
There are several reasons why demand for certification of lab-grown diamonds is increasing. Firstly, buyers want assurance that they are getting what they paid for. With so much variation in price and quality among lab-grown diamonds, it can be difficult to know whether you are getting a good deal. Certification provides transparency and helps buyers compare apples to apples.
Secondly, as more companies enter the market for lab-grown diamonds, there is a need for standardization. Certification agencies help ensure that everyone in the industry is adhering to the same criteria for grading diamonds. This enhances consumer trust and ultimately supports growth of the industry itself.
Finally, as sustainability becomes increasingly important to consumers, certification provides proof that diamonds are ethically produced without any negative impact on communities or environments. In fact, many certified lab-grown diamonds are produced using renewable energy sources such as solar power.
One story that exemplifies the importance of certification comes from a consumer who bought a “synthetic diamond” online at what seemed like an unbeatable price. Upon receiving it, she took it to a local jeweler who told her it was actually a cubic zirconia – an inexpensive artificial gemstone – masquerading as a diamond. The seller refused to issue a refund or provide any further information about the product. If this consumer had purchased a certified diamond from a reputable source she would have avoided this disappointment altogether.
Final Thoughts on Pricing of Lab Grown Diamonds
Lab grown diamonds have created quite a buzz in the jewelry industry, offering a unique and affordable alternative to natural diamonds. One common question that arises when it comes to lab grown diamonds is how they are priced compared to their natural counterparts. The heading “Final Thoughts on Pricing of Lab Grown Diamonds” suggests that there are some important considerations regarding the pricing of lab grown diamonds that may affect the final cost of these gems.
It’s important to note that while lab grown diamonds are created in a controlled environment, the process is still costly and requires advanced technology. This cost factor can impact the final pricing of lab grown diamonds. Additionally, lab grown diamonds are still a relatively new concept, which means there is still some uncertainty in the market regarding their value and pricing.
When it comes to pricing lab grown diamonds, there are a few key factors to consider. One of the biggest factors is the type of laboratory used to create the diamond. Some labs are more respected and produce higher quality diamonds than others, which can impact the final cost. Additionally, the size, cut, and color of the diamond can also affect pricing. As with natural diamonds, larger and higher quality lab grown diamonds will generally come at a higher price.
In terms of unique and personal suggestions for those considering purchasing lab grown diamonds, it may be beneficial to do some research on the different laboratories producing these diamonds to ensure you are paying for quality. Additionally, considering a slightly smaller diamond or a different cut may help you get a better value for your money. Finally, it’s always a good idea to compare prices between different jewelers to ensure you are getting the best deal. By considering these factors, you can make an informed decision on the pricing of lab grown diamonds that aligns with your budget and preferences.
Five Facts About How Lab Grown Diamonds Are Priced:
- ✅ The price of lab grown diamonds is determined by the cost of production and the current market demand for these types of diamonds. (Source: Investopedia)
- ✅ Lab grown diamonds usually cost 20-30% less than their mined counterparts. (Source: Forbes)
- ✅ The size, color, clarity, and cut of lab grown diamonds also play a role in determining their price. (Source: Gemological Institute of America)
- ✅ Unlike mined diamonds, lab grown diamonds can be produced on-demand, making them more readily available. (Source: BBC)
- ✅ The pricing of lab grown diamonds is expected to decrease as technology improves and production costs decrease. (Source: Gem Hunt)
FAQs about How Are Lab Grown Diamonds Priced?
How are lab grown diamonds priced?
Lab grown diamonds are priced based on a number of factors, including their size, color, cut quality, and overall clarity. Generally speaking, larger diamonds and those that receive high grades across these four categories will command higher prices. However, because lab grown diamonds are generally less rare than natural diamonds, they tend to be priced lower overall.
How do lab grown diamond prices compare to natural diamonds?
Lab grown diamonds are generally priced lower than natural diamonds, but this can vary based on a number of factors. In some cases, lab grown diamonds can be up to 30-40% less expensive than comparable natural diamonds. However, they may still cost a significant amount depending on their size, quality, and other factors.
Are lab grown diamonds and natural diamonds priced the same way?
In many cases, the factors that determine the price of lab grown diamonds are similar to those that determine the price of natural diamonds. However, since lab grown diamonds are created in a controlled environment, their price is typically less affected by market forces like supply and demand. This can lead to more predictable pricing over time.
What is the price range for lab grown diamonds?
The price range for lab grown diamonds depends on a number of factors, including their size, quality, and other characteristics. Generally speaking, you can expect to pay anywhere from a few hundred dollars to several thousand dollars for a lab grown diamond.
Do lab grown diamonds hold their value?
Like any investment, the value of a lab grown diamond can fluctuate over time. However, many people believe that lab grown diamonds may hold their value better than natural diamonds because they are created in a controlled environment and are not subject to the same supply and demand pressures as natural diamonds.
Can I get a good deal on a lab grown diamond?
It is possible to find good deals on lab grown diamonds, particularly if you shop around and compare prices from different suppliers. Additionally, because lab grown diamonds are generally less expensive than natural diamonds, you may be able to get a larger or higher quality stone for the same price as a smaller or lower quality natural diamond.
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source https://queenslabgrowndiamonds.com/general/how-are-lab-grown-diamonds-priced/
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