Updated: Apr 25, 2021
We’re midway through the month of the diamond, we hope that you are all enjoying the spring weather.
Since the start of the pandemic, lab grown diamonds have been heavily marketed on social media. There are few differences between natural diamonds and lab grown diamonds and we want to share them with you today so you can be better informed when it comes to making a jewelry purchase.
One of the first questions that people have about lab grown diamonds is, are they just as strong as natural diamonds? The answer is surprisingly yes. According to Newdawndiamonds.com, lab grown diamonds are chemically identical to lab grown diamonds. When measuring the hardness of a diamond, jewelers typically use the Mohs scale, which is a scale that ranges from 1 to 10 and categorizes a mineral’s ability to scratch a softer mineral, and is named after the geologist who invented it, Friedrich Mohs.
According to the Mohs Scale, lab grown diamonds score a 10, just like natural diamonds, which means it can last just as long despite daily wear and tear.
Knowing this, the next question many customers ask, is how much do lab grown diamonds cost compared to natural diamonds? This is a good question and for most people, it might help them decide if a lab grown diamond is a better choice for them.
According to diamonds.pro, lab grown diamonds cost approximately 45% less than natural diamonds. This can mean the difference of several thousand dollars depending on the type of diamond you want to buy. Much like natural diamonds, it’s important to note that color, cut, clarity, and carats (4 C’s) are still factored into the pricing of lab grown diamonds.
It’s important to remember that while you’re still likely to pay a considerable amount of money for a lab grown diamond. The resale value won’t compare. According to the same website, lab grown diamonds have little to no resale value, which means that although you paid thousands of dollars for a diamond, you’re unlikely to be able to resell it for anything at all. This discourages many people from buying lab grown diamonds from the start.
You might be wondering why lab grown diamonds are so expensive if they have no resale value. The short answer is that it takes an extraordinary amount of effort and machinery to create a lab grown diamond. Some even argue that creating lab grown diamonds parallels the energy needed to mine natural diamonds. Remember, a lab grown diamond isn’t synthetic or cubic zirconia, it’s a diamond that is being created by replicating natural conditions in a controlled environment. So the price of the technology that it requires to create these artificial processes are why some lab grown diamonds are expensive.
While we don’t sell lab grown diamonds here at BoBen Designs, we always want to inform you about the latest trends and offer you a source of information that can help you make a decision.
The pandemic has created significant economic challenges and we just want to make sure you know what you’re buying.