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. Lab-grown diamonds, on the other hand, can be produced in potentially infinite quantities, which is sure to shake up the diamond buying game in the coming years.
In this blog post, we cover 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 that were responsible for creating 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. In fact, only a diamond expert with specialized equipment can tell the difference.
Famous pieces of art can sell for millions of dollars. A great example of this is Pablo Picasso's painting called ‘Woman of the Algiers’ that recently sold for $106.5 million.
Imagine there is a technology that can scan and make an exact replica of this famous painting. The exact 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 exactly the same thing? In this scenario, the answer is yes. They are the exact same. The only difference is that one is a replica and one is an original.
The key difference between the original and the replica is the artist. The original is more expensive because it was painted by Picasso, the original creator.
This analogy is perfect example for lab-grown versus naturally-grown diamonds. They are the exact same material, one is grown in a lab, the other was grown in the earth.
Benefits of Lab-Grown Diamonds
The biggest benefits to lab-grown diamonds are that they can cost as much as 50-60% less than naturally grown diamonds, and they 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 found 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 can be distinguished by the naked eye, and neither of them has the same sparkle, durability, and hardness of 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. If other factors are more important to you such as price or carat weight, lab-grown diamonds are a fantastic choice.
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? Contact us to learn more about ways you can use lab-grown diamonds in custom jewelry pieces made by Park City Jewelers.