All About Lab-Grown Diamonds

When setting a budget for an engagement ring, lab-grown diamonds are a topic that can't be ignored. They have gained massive popularity in recent years, offering a more affordable and ethical alternative to natural diamonds. But some people are still skeptical about them. Can a lab-grown diamond be the right choice for you? Here is everything you need to know before making your decision. 

What are Lab-Grown Diamonds?

Lab-grown diamonds are chemically identical to natural diamonds. They have the same composition, structure, and brilliance. The only difference? They're created in a lab rather than mined from the earth. 

Many people confuse lab-grown diamonds with diamond substitutes like Cubic Zirconium or Moissanite, but these are entirely different materials with different compositions.  Unlike these substitutes, lab-grown diamonds are real diamonds, just created in a controlled environment instead of being formed naturally over millions of years. 

Lab-growns are graded on the same scales for color and clarity as natural diamonds. This means that there are also varying levels of quality to choose from. 

Pros and Cons of Lab-Grown Diamonds

Like any engagement ring option, lab-grown diamonds come with their own set of advantages and things to consider. Here's a breakdown!

Pros: Why People Choose Lab-Growns

• Bigger and higher quality for the same budget – Lab-grown diamonds are typically less than half of the price of natural diamonds, allowing buyers to get a larger or better-quality stone without increasing their budget. This is because the process of creating a lab-grown diamond is much more cost-effective than mining one. 
• Ethically sourced – Since lab-grown diamonds don't require mining, many people consider them a more sustainable and ethical choice. 
• Identical beauty and durability – Because they are real diamonds, they look the same and last just as long as natural ones!

Cons: Things to Keep in Mind

• Resale value is uncertain – Unlike natural diamonds, lab-growns don't hold their value as well over time. 
• Prices are decreasing – As technology improves and lab-grown diamonds become more widely available, prices have steadily declined. This means they may continue to lose value as time goes on. 
• Some people prefer natural diamonds – Perception matters, and some people have a bias that natural is better because of their rarity and traditional significance.

So, are Lab-Grown Diamonds Right for You?

If you have a smaller budget or are simply looking for something bigger and more affordable, a lab-grown diamond may be the perfect fit. However, if resale value and traditional rarity are more important to you, you might prefer a natural diamond. 

Ultimately, the best engagement ring is the one that fits your budget, aligns with your values and preferences, and makes you (and your partner) happy! Whether you choose natural or lab-grown, what matters most is that your ring represents your love and commitment. 

Still deciding? Proposal Prep offers tools and guidance to help you and your partner find your dream engagement ring without the stress or hassle of traditional jewelry buying.