Lab grown diamonds, also known as man-made or synthetic diamonds, have become increasingly popular in recent years as a more affordable and ethical alternative to natural diamonds. These diamonds are created in a laboratory setting and are chemically, physically, and optically identical to natural diamonds. But with the growing popularity of lab grown diamonds, it's natural to wonder whether they are worth considering for your own jewelry purchases. In this article, we'll explore the key factors to consider when deciding whether to buy a lab grown diamond, including cost, ethics, and sentimental value.
What are Lab Grown Diamonds?
Lab grown diamonds, also known as man-made or synthetic diamonds, are diamonds that are created in a laboratory rather than being mined from the earth. They are chemically, physically, and optically identical to natural diamonds and are virtually indistinguishable from them without specialized equipment.
Are Lab Grown Diamonds Cheaper?
One of the main benefits of lab grown diamonds is that they are typically cheaper than natural diamonds. This is because the cost of creating a lab grown diamond is significantly lower than the cost of mining a natural diamond. In addition, lab grown diamonds do not have the same markups as natural diamonds, which can often be quite high due to the costs associated with the diamond industry.
How Much Cheaper are Lab Grown Diamonds?
The exact cost difference between a lab grown diamond and a natural diamond will depend on the specific characteristics of the diamond, such as its size, shape, and quality. In general, however, lab grown diamonds tend to be 20-40% cheaper than natural diamonds of similar quality.
Are Lab Grown Diamonds Ethical?
Another benefit of lab grown diamonds is that they are often considered to be more ethical than natural diamonds. This is because the diamond mining industry has a history of social and environmental issues, such as human rights abuses, conflict diamonds, and environmental degradation. Lab grown diamonds, on the other hand, do not have these issues as they are created in a laboratory setting and do not require the same level of resource extraction.
Do Lab Grown Diamonds Have the Same Value as Natural Diamonds?
While lab grown diamonds may be cheaper than natural diamonds, it's important to note that they do not have the same level of sentimental value. Natural diamonds have a long history and are often seen as a symbol of love and commitment. Lab grown diamonds, on the other hand, do not have the same sentimental value as they have only been around for a relatively short period of time.
Should You Buy a Lab Grown Diamond?
In conclusion, whether or not you should buy a lab grown diamond will depend on your personal priorities and values. If cost is your main concern, then a lab grown diamond may be a good choice as they are generally cheaper than natural diamonds. If ethical concerns are important to you, then a lab grown diamond may also be a good choice as they do not have the same social and environmental issues as natural diamonds. However, if sentimental value is important to you, then a natural diamond may be a better choice as they have a longer history and are often seen as a symbol of love and commitment.