Cultured gems or man-made diamonds are quickly transforming the market as a cheaper and more environmentally friendly product as compared to the natural diamonds.One choice that anyone who is considering the purchase of a diamond should make is; how much does a 1 carat lab-grown diamond cost? In this article, I will provide all the information you need to know as it relates to lab-grown diamonds and why it is better over mined diamonds; also, the cost of a 1 carat Lab grown diamond.
Man-made diamonds, which are referred to as synthetic stones, are produced by undergoing similar technological procedures as that of natural-formed diamonds but in a laboratory. They consist of the same carbon crystal structure affordable due to mass production as the naturally occurring diamonds.
Lab-grown diamonds are produced using two primary methods: There are two main groups which are High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD). Both techniques utilize the formation of high pressure coupled with high temperature alone which leads to formation of diamonds thus giving a chemically and physically identical diamond like the ones extracted from the ground.
Lab-grown and natural diamonds share numerous features, and the major practical difference is directly related to their origin. There is a vast difference in the process of making natural diamonds and that of lab-grown diamond since the former takes millions of years to be made beneath the earth’s surface while the latter is made within weeks in a controlled environment. Even though the material of both is entirely different it does not influence the parameters of the diamond but does have an impact on the pricing as well as the ethical factors involved.
Popularity and Acceptance
Man-made diamonds or cultured diamonds are gaining credibility and market acceptance due to the fact that they are cheap to produce, free from conflict, and eco-friendly.It is gradually rising because consumers are slowly becoming aware of CVD diamonds, and there is a trend of offering such diamonds with jewelries and jewelry stores.
Price Comparison of Natural Diamonds
Lab created diamond look, feels and is in every aspect comparable to natural diamonds but costs less than natural diamonds. For example, the lab created diamonds of preferred weight ranging between $1000 to $3000 and that of earth mined diamond of same clarity and color of one carat or more cost between $4000, $10000 or even more Dollars.
Average Price Range
The 1 carat lab grown diamond price varies in the range of $1000- $3000 or so. The prices may vary depending on the cut, color and clarity of the diamond and may start from this given price range. Lab-grown diamonds within the higher range of this spectrum can even closely mimic the look and value of actual earth-mined diamonds.
Factors that may explain high price ranges include
Some of the reasons for a disparity in prices for 1 carat lab-grown diamonds include the quality of the simulated diamond, the price set by the dealer or the company where one buys the synthetic gemstone, or whether the seller accompanies the purchase with an assurance from a certification agency on the genuineness of the diamond.
Cost Differences
It was mentioned that synthetic diamonds have lower prices compared to natural diamonds and the difference could be around $1000 or 20-40%. This makes them even more attractive assets for those in search of valuable diamonds without having to pay the standard and relatively steep prices.
Value for Money
So, on the level of value for the money paid, the synthetic diamonds often seem to triumph. It presents the same beauty and sturdiness as natural occurring diamonds but costs N/DC to what consumers are charged by natural diamonds.
Online Retailers
Other established e-tailers also have stock lab grown diamonds and can provide a pool of options and affordable prices. Brilliant Earth, James Allen, and Clean origin are some of the sites that people prefer when purchasing lab-grown diamonds.
Physical Stores
Not only online, but also web-based stores which are physical too are selling lab grown diamonds. When going to a store it may take someone to physically examine the different diamonds and make comparisons.
Certifications and Guarantees
For those shopping for lab-grown diamonds, the diamonds should be accompanied with relevant certificates from institutions such as the Gemological Institute of America (GIA), or the International Gemological Institute (igi). It is with these certificates that people guarantee the quality of the diamond as well as its genuineness.
If one is in the hunt for a dazzling, ethical and a reasonably priced gemstone, then Laguerre’s lab grown diamonds can indeed be a perfect purchase. In general, the price difference between a 1 carat lab grown diamond and the identical natural diamond remains significantly different but there is no compromise in quality or appearance. Dispelling all causes of concern, lab-created diamonds are set to become even more common and affordable in the future as technology advances and consumers change their preferences.
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