Are Lab-Grown Diamonds Going Down in Value?
It is common for diamonds to lose some of their value over time due to various reasons, such as: the future of lab grown diamonds.
Diamond mining requires heavy machinery and a large workforce, as well as plenty of energy – which is costly.
1. They’re more affordable
In the Lab Grown Diamonds UK industry, lab-grown diamonds have become a hot topic that has generated much debate and curiosity. People wonder whether these man-made gems will decrease in value or become more expensive to purchase.
However, lab-grown diamonds are becoming more cost effective due to a few reasons. Firstly, they tend to be 30-50% less expensive than mined diamonds.
Diamond mining is also more environmentally friendly, since it doesn’t involve mining. This is essential since diamond mining can have detrimental effects on the local ecosystem and waterways, among other negative consequences.
Finally, they’re more cost-effective to manufacture due to not needing to pay labourers. This enables them to charge much lower production expenses and offer competitive prices for their diamonds.
Finally, lab-grown diamonds are becoming more and more sought after as consumers search for ways to save on jewellery purchases. Not only are they more accessible, beautiful and long-lasting than natural diamonds, but their cost effectiveness could potentially push their price down in the future.
2. They’re more available
Lab-grown diamonds are becoming more accessible, as they tend to be less costly than natural diamonds. This makes them an appealing option for buyers on a tight budget who want a luxurious stone but don’t have unlimited funds.
Additionally, lab-grown diamonds possess fewer inclusions than mined stones, making them more durable. Furthermore, the production process for lab-grown diamonds is more controlled than that of naturally mined stones, enabling producers to craft stones with precise weights.
Natural diamonds do not typically feature weight variations; however, lab-grown diamonds may. These discrepancies can be significant and affect their pricing.
With the growing interest in lab-grown diamonds, there are now several retailers offering a wide selection of these gemstones in various cuts and price points.
3. They’re more beautiful
Lab-grown diamonds are not a newcomer to jewellery design, but their popularity is on the rise – for ethical, sustainable and affordable reasons that mined diamonds cannot offer.
These synthetic diamonds are chemically and optically identical to natural diamonds, boasting the same hardness, sparkle, and colour. Furthermore, many of them come with higher purity ratings than mined diamonds.
Lab-grown gems come in an endless selection of styles, shapes, and cuts. Whether you’re searching for a ring, necklace, bracelet or other piece of jewellery – there is sure to be something perfect for you!
One of our favourite brands offers an exquisite collection of wedding bands, engagement rings and stackable rings made from lab-grown diamonds. If you’re searching for something unique, take a look at their Luna collection featuring signature rings inspired by the moon phases.
4. They’re more durable
As more and more people become aware of lab-grown diamonds, their demand has been growing at an incredible rate. This is largely due to their affordability, purity, and ethical superiority over mined diamonds.
However, lab-grown diamonds are still relatively new to the jewellery industry and this has made it harder for companies to manage public perception of them.
One common misconception about lab-grown diamonds is that they are fake. In reality, these gems are just as stunning and durable as natural diamonds.
Lab-grown diamonds are created using specialized equipment that replicates the conditions necessary for diamond formation in nature, such as extreme heat and pressure or chemical vapour deposition.
While there may be concerns about the value of lab-grown diamonds decreasing in the future, it’s important to note that they still offer many advantages over natural diamonds. In fact, lab-grown diamonds are poised to disrupt the traditional diamond industry, which has relied on mined diamonds for centuries.
As the technology used to create these diamonds improves, their value could potentially increase as well. For now, lab-grown diamonds remain a cost-effective and eco-friendly alternative to natural diamonds, without sacrificing beauty or durability. Whether you’re looking for an engagement ring, wedding band or a special piece of jewellery, lab-grown diamonds are definitely worth considering.