Why Are Lab Diamonds Less Expensive Than Mined Diamonds?

Engagement Rings
Engagement Rings
Engagement Rings
Engagement Rings

For a number of reasons, customers are becoming more fascinated by lab-grown diamonds. One of the reasons is the lower cost of lab-created diamonds compared to mined diamonds. A diamond created in a lab has not the same price as a mined diamond of the same carat weight. Natural diamonds will be costlier due to the fact that they must be mined from the earth’s crust, which is a costly procedure.

A lab-grown diamond is created in a different way than a mined diamond. Natural diamonds are created deep underground, under extreme pressure and heat, and then transported to the surface spontaneously. There are two basic methods for creating lab diamonds, but both involve diamond formation in a laboratory setting that mimics the pressures and temperatures that drive natural development.

Reasons For The Lower Cost Of Lab-Grown Diamonds

Since natural diamonds must be mined from the earth’s crust, they are more expensive than lab-created diamonds. According to diamond experts, lab-grown diamonds are around 30-40 % cheaper and more expensive than comparable-quality natural diamonds. On the other hand, the price of a lab-grown diamond fluctuates. It’s not uncommon to find them for half as much as the price of a real diamond.

The initial price of mined diamonds is governed by a number of factors. Obviously, the 4Cs of diamond quality are the most crucial factors to consider. Other factors that should be taken into account are diamond certification, merchant, specialized cuts, and diamond shape. The 4Cs are applicable to lab-grown diamonds as well, albeit they are much more likely to have superior clarity and hue due to their supervised condition. They have defects and inclusions, but because they are spindly in form, they are less noticeable than crystal inclusions.

Other Reasons To Buy Lab-Grown Diamonds

Lab-Grown Diamonds
Lab-Grown Diamonds

If you are a conscientious client concerned about purchasing blood diamonds for your engagement ring, diamonds made in a lab setting are the finest choice. They are conflict-free to the nth degree. A lab-grown diamond is made without the use of slave labor or child labor.

Lab-created diamonds use much less energy than the equipment used in the diamond mining process. The mining process uses a lot of energy and is therefore damaging to the environment. Lab-grown diamonds use less energy and are thus more environmentally friendly, yet they are neither green nor long-term.

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