The affordability of a lab-grown diamond is one of the key draws for consumers. Purchasing a diamond is a significant financial commitment and a heavy burden on wallets. The chemical and physical characteristics of a natural diamond are achieved by lab-created diamonds, but at a tremendous cost savings. Although they are identical to natural diamonds in every way, lab-grown diamonds are more affordable than earth-mined diamonds by 30–40%. This is because they may be customized and have different attributes.
What makes us your trusted partner
With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.
When looking for wedding bands or engagement rings, price is a key consideration. A lab-created diamond offers financial relief if you’re struggling to fit a costly diamond ring into your budget while making preparations for your engagement. Like a 1.03 CT Pear Blue Diamond Ring or Pear Lab Grown Blue Diamond Engagement Ring, you can get colorful lab-produced diamonds without breaking the bank, unlike genuine diamonds.
Lab-grown diamonds lower the cost of diamond mining.
Diamond mines all over the world are where natural diamonds are found. Only a few numbers of profitable diamond mines exist worldwide, and mining itself is expensive. Modern resources, apparatus, and equipment are needed for mining, which significantly raises the price of a natural diamond. Since a lab-grown diamond is produced without the use of mining equipment or processes, its pricing does not include mining costs. In addition, mining uses unethical and illegal labor methods to hire additional laborers who are required to work in hazardous situations. Diamonds created in a lab do not use an undocumented workforce.
Fashion and hype
The trends relating to the accessibility and worth of natural diamonds are another factor contributing to the higher price of earth mined diamonds. Presenting a hyped-up consumer-focused market strategy boosts demand for and price for diamonds. On the other hand, a lab-created diamond costs substantially less because it is falsely promoted as a “alternative” to natural diamonds.
Pipeline from Mining to Market
After a protracted process involving numerous parties and merchants, earth mined diamonds are made available on the market. Mining, cutting, polishing, manufacturing, and pitching to merchants who introduce mined diamond jewelry to markets are all steps in the process of bringing natural diamonds to market. Since diamonds are manufactured in laboratories rather than mines, cutting, and polishing are not necessary during the production of lab-made diamond jewelry.
The Environment Friendly Lab Grown Diamonds
The environmental effects of diamonds have significantly changed the diamond business. Even though environmental effects of Earth-mined diamonds had long been a topic of discussion, the worries were more pronounced after the 2006 film Blood Diamond, starring Leonardo DiCaprio and Jennifer Connelly, which exposed the unethical aspects of the diamond mining business.
On the other hand, creating man-made diamond jewelry is regarded as a sustainable and environmentally benign method of generating diamonds. A lab-grown diamond’s reputation as an ethically sourced stone is influenced by a variety of variables.
Diamonds produced in a lab do not harm the environment.
Unlike diamonds that are taken from the Earth, synthetic diamonds don’t need to be made by mining and removing soil from the planet’s surface. Scientists create lab diamonds in laboratories using cutting-edge equipment and technology rather than obtaining rough diamonds from mines. Mining for one-carat diamonds damages over 250 tonnes of earth, which has serious environmental repercussions. A lab-made diamond, on the other hand, is created securely and in accordance with environmental standards.
Production Without Pollution
The quantity of toxins and waste released is dealt with inside the laboratory because a lab-grown diamond is created in controlled laboratories. When soil and toxins from diamond mining are burned or dumped in water, it pollutes the air and water. However, laboratories use ecologically friendly practices to recycle or eliminate trash.
Safe for wildlife and plants
Knowing that lab-created diamond jewelry was made with the protection of flora and wildlife in mind, you can wear it with confidence. Mining results in deforestation, damages plants and animals, and destroys their natural habitats because it necessitates clearing the area and cutting down trees. Diamond jewelry made in a laboratory preserves biodiversity.
