Lab Grown Diamonds: Price and Value Guide

Lab grown diamonds are absolutely worth buying. If you are on the fence about whether a lab grown diamond is worth your money, then rest assured that these stunning gems are just as beautiful as their natural counterparts. In fact, lab diamonds hold the exact same chemical composition as natural diamonds, which means they don’t lack any of the sparkle that mined diamonds hold. 

The controlled environment in which lab diamonds are made actually means they are often clearer and hold more brilliance than natural diamonds, their controlled creation also allows for more choice in carat size, all while keeping down the overall cost. If you are unsure about what type of diamond is right for you then take a look at our lab grown vs natural diamond guide to find out more. 

There are a few different factors that contribute to the overall price of a diamond: carat, colour, cut and clarity. These are known as the 4 Cs and are the most popular method of determining a diamond's price. When deciding on a carat weight for your diamond, it's important to keep in mind that if you are going for a larger carat weight, then the price will also increase. 

However, if you have your heart set on a big stone, then you can compromise on some of the other 4 Cs as a way to keep the cost down. For example, if you choose a 2 carat lab grown diamond with lower clarity then it would be much more affordable than a 2 carat lab grown diamond with high clarity. This is because all of the 4 Cs work together to determine the overall quality of a diamond, and in turn the price.

Along with the 4 Cs there are also other factors that influence a diamond's price, for example its origin. Natural diamonds hold a higher market value than lab grown diamonds, with mined diamonds being as much as 70% more expensive than synthetic diamonds. The substantial price gap exists because natural diamonds are deemed significantly rarer than their lab-created counterparts. Additionally, sourcing the perfect combination of carat size, colour, and clarity in a natural diamond is an even more challenging task, meaning the more desirable stones can hold staggering price tags.

The diamond market is forever changing, meaning that any diamond can change price depending on multiple factors within the diamond industry. Factors such as market demand, quality, and consumer preferences can cause fluctuations in diamond prices, as they determine where individual diamonds fall within these considerations. 

While it's difficult to predict the future for lab grown diamonds' value, it's important to think of lab grown diamonds as holding value in more ways than just monetary. These stones, when created in the right way, are considered to be a more ethical option than mined diamonds due to their traceability. Meaning lab grown diamonds often follow a clearer trail from creation to purchase than mined diamonds, so you can rest easy knowing your gemstone has come from an ethical source. So while natural diamonds could very well be a better choice in terms of long term investment, the right lab diamond provides the reassurance that your diamond has come from a more ethically-conscious origin.

Lab grown diamonds have seen a slight decrease in price over the last few years, this is due to the advancement in technology over the years, ultimately making it easier for production. With these gems being easier to manufacture, the market has become increasingly saturated with synthetic diamonds, which in turn lowers the price. 

Deciding how much to spend on a lab diamond is a completely personal choice and depends on both budget and preference. While the larger, clearer and whiter lab diamonds will command higher prices, this look isn't for everyone so it's important to explore what kind of diamond suits your style and preferences. 

If you are unsure about what type of diamond is right for you, book an appointment with our team who would love to help you on your diamond buying journey. We also have a guide on how to set a budget for your engagement ring which you can read by clicking the link below.

At Jessica Flinn, we specialise in sourcing only the highest quality and ethically sourced gemstones, this includes our selection of lab grown diamonds. Once you have found your dream diamond, you can customise one of our existing designs to suit your preferences or if you prefer to start from scratch you can opt for our bespoke service, meaning you have the freedom to collaborate with one of our team members to design your perfect ring. Discover more about lab grown diamonds, or explore our stunning collection of ready to ship lab diamond engagement rings.