Lab-grown diamonds have increased in awareness and popularity over recent years, but to many, they’re still a bit of a mystery. Most people understand that lab-grown diamonds are grown in a lab through a process that replicates how mined diamonds are created in the earth. But after that, it can...
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In a general comparison, lab-grown diamonds can typically cost 80-95% less than natural, mined diamonds. This percentage difference is based on a few factors. For one, the demand for mined diamonds remains much higher than for lab-grown diamonds and the market has a regulated supply, preventing too much supply from reaching the market at once and lowering the price. Also, the diamond mining process has been around for a very long time and doesn’t often experience innovations.
For lab-grown diamonds, their awareness is gaining traction and are fast increasing in popularity. The process to make them has also gone through repeated innovations and technological advances that have drastically reduced the production costs.
For example if you’re considering an excellent cut E color, VS2 clarity, 2 carat diamond, the natural, mined version would cost around $30,000 while the lab-grown version would cost around $1,750.