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How Much Should I Spend on a Lab Diamond?
How Much Should I Spend on a Lab Diamond?
In the jewelry realm, lab-grown diamonds are a new big thing with increased popularity and awareness. Although lab diamonds are as original as the real ones in terms of physical and chemical structuring, yet they share a significant difference when evaluating their prices.
So what makes one so pricey and the other one so affordable? It’s simply the method and way they are created and obtained. Genuine gemstones are found from beneath the Earth's surface after billions of years of chemical formation, while the lab diamonds are processed in an industry-controlled environment over a couple of weeks.
It seems like a smart choice to opt for more lab diamonds at a price similar to one real diamond. But how wisely should you spend on them? Here we tell you all in this guide. Keep Reading!
The Reason behind Low-Cost Lab Diamonds.
Lab diamonds are cost-effective because of the processes involved in getting these stones. The making of these gems has gone through repeated innovations and technological advances that often reduced production costs.
For example, if you’re considering an excellent cut H color, nice SI1 clarity, and 1-carat diamond, the natural, mined version would cost around $6,100, while the lab-grown version would cost approximately $2,300 for comparable, if not better, quality.
Also, in a laboratory setting, producers of synthetic diamonds have significant control over the procedures with fewer imperfections than the mined ones.
As a result of this control, synthetic diamonds in exact weights, measuring 1.0 or 2.0 carats, shape more frequently than they do in nature. Natural diamonds will have more weight variations. Lab-grown diamonds weighing in off-sizes often cost slightly less, even though they may appear nearly similar to the naked eye.
Understanding the Real and Lab Diamonds: Price Analysis
For real or mined diamonds, there is a 4C standard that determines the prices of each type. Establishing a baseline diamond price combines looking at the color, cut, clarity grading and carat weight.
A general idea is lab diamonds are 40 to 50 percent cheaper than their real counterparts with similar size and quality. To determine the pricing of each type of diamond, you need to comprehend the following points.
Carat
It is one of the most notable factors affecting diamond prices, which directly contributes to the overall cost of the gemstone. Carat is, of course, the unit measurement of the weight of your diamond, with one carat equaling 0.2 grams, whether it’s a lab diamond or a naturally mined one. It is safe to assume that the larger the carat, the more costly the diamond will be!
For example, a 2-carat emerald-cut Diamond Ring may have a significantly higher price than a 1-carat ring of the same shape and quality.
It may sound simple and easy to find the prices of your diamond rings based on the carat theory, but mind it, it doesn’t. The way it looks and the setting where each diamond is placed in the ring affects the pricing.
Depending on the cut of your lab-grown diamond, a smaller-carat diamond can look more prominent than a diamond of a larger carat.
For example, A solitaire ring is often quite simple, as there is only a single diamond rather than multiple diamonds framing a central gem. Thus, the diamond in a solitaire setting will often appear larger than in a halo ring or pave ring, regardless of the carat.
So, how crucial should carat be when shopping for lab diamonds? Ultimately, it depends on your personal interests and preferences.
Color
Another influential factor of diamond pricing is the color. Generally, a diamond is graded on a scale from D (colorless) to Z (lightly tinted). Colorless diamonds (D-F) are rarer and more valuable than diamonds with noticeable color.
Generally, diamonds with lower color grades (K-Z) can be more affordable. However, specific fancy colored diamonds, such as pink, blue, or green, can be significantly more expensive due to their rarity.
Clarity
Clarity refers to the quality of diamonds that exhibit the existence and visual appearance of the diamond’s internal characteristics, called inclusions, and surface defects, called blemishes.
Diamonds with fewer inclusions or blemishes are considered to be of higher clarity and, as a result, are more valuable.
These Inclusions are tiny flaws that form while a diamond is growing. In natural diamonds, these flaws can be caused by external material (water, gas, or pieces of other minerals) that get into the diamond's structure as it grows. Natural diamonds can also have tiny cracks, as they form under very high pressure.
Similar cracks can form in lab-grown diamonds as they are grown under high pressure.
Clarity is graded on a scale from Flawless to Included (FL, IF, VVS1, VVS2, VS1, VS2, SI1, SI2, I1, I2, I3). Higher clarity grades correspond to a higher value.
Cut
Cut refers to the symmetry, polish and proportion of a diamond. It plays a significant role in determining a diamond's appearance and value.
As with synthetic lab diamonds, they can be cut into any shape to suit the buyer's request. A round-cut diamond is the most popular and expensive cut for real diamonds instead of the least costly for synthetics.
To help you clear, the Diamond Cut Scale contains five grades ranging from Poor to Excellent. A well-cut diamond will have optimal light performance, displaying superior fire, sparkle, and brilliance. Diamonds with excellent cuts are often more expensive than those with lower cut grades.
Shape
Diamonds come in various shapes, each with its distinct visual appeal. Lab diamonds have got some common shapes such as round, princess, oval, marquise, pear, cushion, emerald, Asscher, radiant, and heart. The demand for different-shaped rings can influence their price, with round diamonds often corresponding to a premium due to their high demand, symmetrical cut, and increased brilliance.
What Kind Of Engagement Ring Can You Get Under $5,000?
If you’re in the market for a diamond engagement ring, the good news is that Felicegals can save a good proportion of your money by giving you a lab-created diamond instead of a natural diamond.
Instead of spending a sheer price, you can get good quality diamond rings under $ 5,000. Here are some of the options available to you.
|
Selling Point |
Price |
Parameters |
Image |
|
1. Classic 1ct, 4-Claw Drill Solitaire Lab Diamond Engagement Ring
|
$3599 |
Lab diamond (1ct, F-G, VS Clarity), 6.5mm |
|
|
$4269 |
Lab Diamond (1.3ct, F-G, VS Clarity), 6x8mm |
|
|
|
$3999 |
Lab Diamond (1.0ct, F-G, VS Clarity), 5*7mm |
|
|
|
4. Charlotte master ring Signature Vintage 1.5ct Engagement Ring |
$4699 |
Lab Diamond (1.5ct, F-G, VS Clarity) ,6x8mm |
|
Investing in these adorable lab diamond rings by Felicegals offers economically feasible and ethically sourced accessories to adorn your hands on your engagement day, making your special day even more memorable.
Its ability to complement every accessory and look makes Felicegals lab-grown diamond engagement rings distinctive.
You can now say goodbye to juggling your engagement celebrations and account balance because Felicegals lab-grown diamond engagement rings don’t make you choose between the two.
Their rings are identical to natural diamonds in every way but with the bonus of being more budget-friendly and environmentally conscious.
Unlike mined stones, synthetic diamonds don’t have any dirt or impurities ingrained in them. The reason that they are created under carefully controlled conditions is that you will experience no to very few flaws in their crystal structure.
However, their lust, shine, quality, and sparkle remain like a naturally mined pure diamond.
Conclusion
Diamonds have long been captivating the hearts of many with their beauty and symbolism. These gems' rarity, durability, and brilliance justify their higher prices.
Real diamonds were traditionally extracted within the Earth's mantle over billions of years, but recent technological advancements have made it possible to create diamonds in a laboratory setting.
Lab-created gems have overtaken the real diamond markets by storm, mainly because of their cost-effective benefits over pure mined diamonds. They share almost zero dissimilarity, so investing in them is a huge plus point both in terms of cost-saving and environmental impacts.
