Lab grown diamond and mined diamond side by side

Lab Diamonds vs Mined Diamonds: Cost Comparison

Diamonds are ageless and gorgeous, but there's a new competitor on the market: lab made diamonds. These gemstones are gaining popularity due to their low cost and ethical manufacture. If you're looking for a diamond, you might be curious about the cost difference between lab grown and mined diamonds. This article will explain the differences in pricing, allowing you to determine which choice is best for you.

Understanding the cost differences can help you make an informed decision. We'll explore the factors affecting the prices of lab grown and mined diamonds, including carat weight, certification, and resale value. Let's dive in and see how these two types of diamonds compare.

A lab grown diamond earrings

Lab grown diamonds are made using state-of-the-art technologies

What Exactly Is a Lab-Grown Diamond?

Diamonds are produced in the laboratory using high-pressure, high-temperature (HPHT) or chemical vapour deposition (CVD) processes. These procedures imitate the natural circumstances in which diamonds develop, producing diamonds that are almost identical to mined diamonds.

Lab grown diamonds provide an ethical and environmentally beneficial alternative to mined diamonds. They do not address the environmental or ethical issues related with diamond mining. Additionally, they are typically less expensive.

A lab grown diamond necklace

Embrace the ethical beauty of lab grown diamonds

Factors Affecting the Prices of Lab Grown vs Mined Diamonds

Several variables affect the cost of lab grown and mined diamonds:

Producing Costs: Lab grown diamonds cost less to create than mined diamonds, which need considerable mining and shipping.

Demand and Supply: The availability of lab grown diamonds may be regulated, resulting in consistent pricing. Mined diamonds have a restricted supply and can be influenced by geopolitical factors, resulting in price volatility.

Marketing and branding: Mined diamonds are frequently advertised as rare and opulent, which drives up their price. Lab grown diamonds are touted as both inexpensive and ethical.

Read More: Lab Grown Diamonds vs Natural Diamonds: A Comprehensive Guide for Buyers

A lab grown diamond bracelet

Elegant and affordable

Benchmark Diamond Pricing

When comparing the pricing of lab grown diamonds to mined diamonds, it is evident that lab grown diamonds are far cheaper. Typically, lab grown diamonds cost 30-40% less than mined diamonds of comparable grade. Despite their reduced cost, lab grown diamonds have the same physical, chemical, and optical qualities as mined diamonds, making them an economical and ethical alternative for jewellery customers.

A lab grown diamond ring

Offering elegance at a great cost

How Diamond Carat Weight Affects Price & “Off-Size” Diamond Pricing

Carat weight has a huge impact on diamond prices. Larger diamonds are scarcer and more costly per carat. "Off-size" diamonds (e.g., 0.9 carats) might provide greater value by seeming nearly comparable in size but costing less.

Read More: How Lab Grown Diamonds are Redefining the World of Luxury Jewellery

Cherished Moments Diamond Pendant

Get maximum brilliance with lab grown diamonds

Perceived Appearance: Carat Weight vs. Size

The apparent size of a diamond is determined by its cut and setting. A well-cut diamond may seem bigger than its true carat weight. Lab grown diamonds, like those in  Gold Cherished Moments Diamond Pendant, are cut to enhance brightness and size, resulting in a sumptuous appearance for a fraction of the cost of mined diamonds.

Read More: Lab Grown Diamond Jewellery as an Investment: What You Need to Know

Diamond Certification & Resale Value

Certification is vital when buying a diamond. Renowned gemological laboratories, such as the GIA or IGI, can verify both lab grown and mined diamonds to ensure their purity and authenticity.

Another factor to consider is the resale value. Mined diamonds have generally had a higher resale value, but as lab grown diamonds gain popularity, their resale value is increasing. However, diamonds should be purchased for their beauty and sentimental worth, not as an investment.

Buy Stunning Lab Grown Diamond Jewellery From GIVA

In the conflict between lab diamonds and mined diamonds, cost is a crucial consideration. Lab grown diamonds are a more affordable, ethical, and sustainable alternative to mined diamonds, without sacrificing beauty or quality. They are ideal for people looking to make a statement without breaking the wallet.

GIVA is well-known for its artistry and innovative jewellery designs. We bring to you a stunning lab grown diamond jewellery collection that will add sparkle to your every outfit. Shop ethical luxury now!

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