Lab grown diamonds have been around since the 1950s, and they’ve improved dramatically in the last few decades. Because of this, many people wonder if lab grown diamonds are more expensive than mined diamonds, or if mined diamonds still hold the edge over lab grown stones in terms of quality and value. While both types of stones come from the same source – carbon – there are differences in how they’re created that affect their cost, appearance, and durability.
The Growth Of Lab Grown Diamonds
According to a press release from GIA, in 2016, sales of lab-grown diamond jewelry outpaced mined diamond jewelry for the first time. That trend is likely to continue in 2017, especially as CVD diamond manufacturers look to penetrate further into larger retail markets. As lab grown diamonds gain popularity and demand increases globally, companies will have new reasons to push their products onto an unsuspecting public. While lab grown diamonds are becoming increasingly popular. they still not exactly mainstream. While most people don’t know what lab grown diamonds or how they differ from natural ones. That won’t be true forever. Some experts predict that within five years we could see up to 50% of all diamond engagement rings containing lab created stones.
The Cost Difference Between Lab Grown And Mined Diamonds
Why Are Lab Grown Diamonds More Expensive?: When it comes to buying a diamond, price matters. While there is no doubt that jewelry stores want you to believe otherwise, diamonds are one of those things where the price can (and often does) mean quality. So how do cultured or lab-grown diamonds stack up against their naturally formed counterparts? And when it comes to a real comparison, which is cheaper—lab-grown or natural—and why? Here’s what you need to know about both types of diamonds and what determines the cost. The Cost Difference Between Lab Grown and Mined Diamonds: Why Are Lab Grown Diamonds More Expensive?
Mined diamonds come from deep within Earth’s crust. As a result, they are made under extreme heat and pressure to form into their rough shape as they travel towards Earth’s surface at an extremely slow rate over millions of years. Once they reach Earth’s surface, they still need additional polishing for them to shine as brightly as they do today. After all, Lab Created Diamond Manufacturer were created in magma over 100 miles below ground!
Marketing Challenges For Lab Grown Diamonds
Lab-grown diamonds have a lot going for them. These synthetically manufactured gems are ethically superior to traditionally mined gems and a viable option for those who want high quality bling but can’t afford it. But that doesn’t mean it’s easy for CVD diamond manufacturers to market them successfully. That’s because synthetic stones are a relatively new product category in which many potential buyers don’t know what they are or why they would want one; if shoppers get an idea of what they look like, they may assume these man-made stones will be just as fake-looking as simulated gemstones often are.
How Gemesis, The Maker Of Moissanite Opened Up New Markets?
When CVD diamond manufacturers started flooding world markets with inexpensive, lab-grown diamonds, they shook up entire industries. Experts predicted that all facets of jewellery would be affected by synthetic gems like Moissanite. But many retailers have embraced these products and discovered some surprising things about them. For one thing, synthetic gemstones like Moissanite may be cheaper to produce but they can still command premium prices in both boutiques and large department stores. They are not only available at low prices but also come in a range of colours and styles. Plus, their clean origins appeal to conscientious consumers who prefer environmentally responsible products over those that harm Earth or its inhabitants.
Diamond Industry Reaction To Synthetic Diamonds
Though less expensive, synthetic diamonds aren’t necessarily cheaper than natural diamonds. While synthetic and mined diamonds are similar in price, CVD (chemical vapor deposition) stones cost considerably more, which some speculate is due to their industry-friendly business model—CVD diamonds manufacturer receive orders from jewelers while synthetics target consumers directly, cutting out middlemen entirely. Consumers can save hundreds of dollars by ordering a similar product online as opposed to visiting a jewelry store. As synthetic diamond popularity grows, expect traditional brands to find ways to compete on price. The biggest lesson here is that it pays to compare like items across all channels of distribution rather than shopping at any single one.
Benefits Of Lab Grown Diamonds Over Natural Ones.
Lab Grown Diamonds are a better value says Shaul Rozen, President of CVD Diamonds. Our prices for our Lab Grown Diamonds are significantly less than any natural diamond out there, and we produce them under controlled conditions. What could be better than that? The fact is it’s going to cost you thousands of dollars per carat if you go with a natural diamond because they’re just so rare. It costs tens of millions to mine just one kilogram (2.2 pounds) worth of diamonds which is why they’re so pricey. So if you want an affordable diamond with all the same qualities as a mined one but at a fraction of its price, then look no further than CVD Diamonds – The Lab Grown Diamond Specialists!