Lab-grown diamonds are about 20% to 30% less expensive compared to mined diamonds because they have the same requirements as mined diamonds. Furthermore, if you acquire a larger diamond, you can save up to 40% to 50%.
In addition, the value of lab-created diamonds fluctuates precisely like the price of natural diamonds. Furthermore, the volatility is really high. There are a number of factors that could affect how much lab-grown diamonds cost. Furthermore, the lab-grown diamond’s price variation might be as low as $1,600 for such a 1.02-carat stone. However, a 6.36-carat diamond can fetch as much as $61,888.
What are diamonds made of?
There is no difference between lab diamond engagement rings and their natural counterparts, save that they are developed in a lab from such a diamond seed rather than being mined from the earth. Carbon constitutes the vast majority of the composition of diamonds. As a result, the physical attributes of mined and laboratory diamonds are identical. However, they can be as much as 40% less expensive than naturally formed earth-grown diamonds. Now let us compare the processes by which diamonds are grown in a lab with how diamonds are formed naturally.
It takes thousands of years for natural diamonds to develop in the Earth’s mantle. There is a substantial impact on the environment due to diamond mining. The mining of diamonds causes the destruction of local habitats, wildlife, and workers’ health, commonly called blood diamonds.
How do lab-created diamonds stack up?
Both synthetic diamond rings & lab-grown diamonds have such a crystal structure, and the crystal lattice structure of natural diamonds is exactly replicated in lab-grown diamonds. However, lab-created diamonds do not damage wildlife or humans, unlike their appearance.
High-Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD) is the process by which lab diamonds are created (CVD). Due to years of research & practice, lab-grown diamonds grow like mined diamonds.