Over the past 5 years we’ve seen the demand for lab grown diamonds skyrocket and we get a ton of questions related to the cost of natural diamonds versus lab grown diamonds, so we thought it would be helpful to post our thoughts along with some real-world examples.
One of the most common questions we get is: Do lab created diamonds have the same value as natural diamonds? And the simple answer is no. This is where the concept of supply and demand comes into play where natural diamonds have to be mined while lab grown diamonds can be created as the name suggests – in a lab. Due to this, the cost of lab grown diamonds is a fraction of the price of natural diamonds.
Another question we get is around how much cheaper is a lab grown diamond? We thought it would be helpful to give a side-by-side comparison which looks at two D VVS1 diamonds:
Natural Diamond
Size: 1 Carat
Clarity: D VVS1
Price: $11-14k
Lab Grown Diamond
Size: 1 Carat
Clarity: D VVS1
Price: $1,800-$2,500
Keep in mind this comparison is looking at the current market/prices when posting this blog, however it’s a good representation of the cost difference between natural and lab grown diamonds.
For over 40 years Barkev’s has been a leading designer of unique diamond engagement rings featuring both natural and lab grown diamonds, and if you have any questions we are here to help.