Diamonds have been a symbol of wealth and status for hundreds of years. Because diamonds are relatively rare, and the demand for diamonds is high, diamonds have always commanded a premium price. On the other hand, lab-grown diamonds can be produced in potentially infinite quantities and cost as much as 30-50% less.
This blog post covers everything you need to know about buying lab-grown diamonds.
Gem-quality lab-grown diamonds became available in the mid-2010s. They are created by simulating the conditions of intense heat and pressure similar to those responsible for producing natural diamonds. Lab-grown diamonds have the exact same chemical makeup as naturally-grown diamonds and are so similar to naturally-grown diamonds that they are indistinguishable to the naked eye. Only a diamond expert with specialized equipment can tell the difference.
Famous pieces of art can sell for millions of dollars. A great example is Pablo Picasso's painting called ‘Woman of the Algiers' which recently sold for $106.5 million.
Imagine there is a technology that can scan and make an exact replica of this famous painting: the same materials, size, and signature. The replica is so well made that even an expert cannot tell the difference without specialized equipment. Would you say they’re the same thing? In this scenario, the answer is yes. They are the same. The only difference is that one is a replica, and one is an original.
The critical difference between the original and the replica is the artist. The original is more expensive because Picasso, the original creator, painted it.
This analogy is a great way to illustrate the difference between lab-grown and naturally-grown diamonds. They are the same material; one is grown in a lab and the other was grown in the earth.
Benefits of Lab-Grown Diamonds
The most significant benefit to lab-grown diamonds is that they can cost as much as 50-60% less than naturally grown diamonds and are available in potentially limitless supply.
Natural diamonds, on the other hand, have a finite supply. No new diamonds are being formed in the earth, and no new significant sources of natural diamonds have been discovered for 30 years.
Lab-Grown Diamonds are Not Imitations
In the past, diamond imitations, mainly cubic zirconia and moissanite, have been available for purchase. Both of these imitations are distinguishable by the naked eye, and neither has the same sparkle, durability, and hardness as a diamond.
Which Should You Choose?
Purchasing fine jewelry is a very personal decision. If having a naturally-grown diamond is important to you, we suggest you go that route. Lab-grown diamonds are a fantastic choice if other factors are more important to you, such as price or carat weight.
With such a significant price difference, lab-grown diamonds give you the option of buying a larger diamond for the money, and who doesn't like options?
Reach out, and one of our talented sales team will help you discover ways you can use lab-grown diamonds in custom jewelry pieces made by Park City Jewelers.