10 Factors That Affect Price of Lab Grown Diamonds

Nowadays, there is no conversation about diamonds without the mention of lab grown diamonds. People are gradually becoming aware of these lab curated gems and have shown constant curiosity to know more about them.

They want to know where and how they are created, why it is priced so much lower when compared to natural diamonds, and if they are even real!

They are made in a laboratory under a controlled environment and they are as real as they come.

Today we are here to discuss the factors that affect the price of lab grown diamonds. After reading this article, you will know why these diamonds are priced at what they are priced.

10 Factors That Impact the Price of Lab Grown Diamonds

1) Clarity of diamond

When we talk about the clarity of a diamond, we mean to bring attention to how clean a diamond is. The clarity grade of a diamond tells us how free it is of blemishes and inclusions that are caused by the environment in which diamonds are made.

As they are formed under a controlled environment, the chances of exposure to impurities are low, which results in high-clarity diamonds.

They are graded based on their clarity, the higher the grade the more flawless it is, and it will also cost more.

2) Color

The interference of different gases present in the environment can impact the color of diamonds. While you may think that man made diamonds can be made to perfection, it is not so.

The most alluring diamonds are the ones that have no color because they sparkle to the full extent when light enters them. Lab Grown diamonds with hints of brown or yellow make them dull and are also priced lower for the same reason.

Each diamond is graded on a scale of D to Z based on its color by grading institutions. Here, D stands for white/colorless diamonds and Z signifies tinted ones.

The grading scale for colored gems like pink or blue is different, so while buying them look for the ones that are rich in color.

3) Cut

Just like natural diamonds, laboratory diamonds are also procured in their raw form.

They are then shaped and polished by skilled craftsmen to give it a cut which decides how sparkly and shiny the diamond is.

A precisely cut lab grown diamond will make light dance inside it to create a sparkly effect.

The shape of a diamond like round, oval, or pear does not define its cut, a cut of a diamond is graded based on how light interacts with all its facets.

And for the same reason, the price of a brilliant cut man made diamond can be way higher than a poor-cut diamond.

4) Carat weight

Carat weight determines the size of diamonds. The larger the carat size, the bigger the diamond.

Just like natural diamonds, the size of bigger man-made diamonds is more than the smaller ones.

Consumers are so much attracted to laboratory diamonds because you can get a bigger and better diamond for the same price as a small natural one.

The cost of lab grown diamonds is low because the cost of procuring them, ie, mining and labor is very low. Also, they do not take hundreds and millions of years to form.

5) Production Methods

There are mainly two methods of making diamonds in the lab, one is chemical vapor deposition (CVD) and high pressure, high temperature (HPHT).

CVD is a process where a diamond seed is deposited in a chamber full of gases, which leads to crystallization over time, layer by layer on the seed to form a diamond.

In the HPHT method, the carbon is exposed to high pressure and high temperature, just like what happens in Earth’s mantle.

Both these methods yield high quality lab grown diamonds. CVD diamonds have higher clarity grades and are widely used and accepted but HPHT diamonds have higher colour grades.

CVD diamonds are a little inexpensive because they consume less energy and resources to produce gems.

6) Consumer preferences

Consumer preferences keep changing with time and acceptance.

People are continually becoming more conscious of their choices, they want to buy diamonds that are sustainable and ethical which increases the popularity of these diamonds.

Environmental damage, human resource exploitation, and unethical mining are various issues associated with natural diamonds.

So, lab grown diamonds are a better option for people worldwide who want to make a conscious choice.

7) Market trends

Market trends keep changing, but lab grown diamonds are not just a passing trend, they are here to stay.

People are recently becoming aware of these diamonds and have also started accepting them as real diamonds after the initial dilemma of considering them as the synthetic diamonds.

The price of every commodity can be impacted by its demand. Similarly, with the rising demand for lab-created diamonds in the market, there is a possibility of an increase in their price as well.

But on the other hand, the manufacturers are also exploring the technology and there can be new players entering the market in the future to increase the supply as well.

So, we cannot predict the price as of now, but we can surely see a rise in demand.

8) Certifications

There are trusted diamond institutes like IGI (International Gemological Institute) and GIA (Gemological Institute of America) that grade and certify lab-grown diamonds and precious gems from all over the world.

The certificates show the grading of each gem, big or small based on the four Cs. A grading certificate helps to build a relationship of trust, transparency, and authenticity between seller and buyer.

The grades give consumers the justification for the price they are paying and provide a guarantee of its value. It is advisable to always buy diamonds with certificates from reputed institutes.

9) Competition in market

With the increase in popularity of diamonds made in laboratories, diamond dealers and manufacturers are also showing interest in investing in CVD and HPHT technology.

You can expect new players to enter the market in the coming times which will lead to an increase in supply and decrease in prices.

A tough competition among brands can be expected in the future lab grown diamond market. In such conditions, the brands that manage to build trust among consumers with their authenticity and skilled craftsmanship get an advantage. consumers readily pay more to those brands for their excellence in designing and crafting.

10) Advancement in technology

The one fact about any kind of technology is that it continuously keeps evolving and improving.

There has been a huge improvement in how diamonds were made in the past and how they are made now.

We can witness some cutting-edge technology in the future manufacturing market which can produce better quality diamonds in labs more efficiently and with low resources.

This technological advancement can affect the price of producing the diamonds in labs and eventually their price too.

Where to Buy Best Priced Lab Created Diamond Jewelry?

Stunning Jewelry deals in high-quality lab grown diamonds and jewelry, each of our pieces is unique and crafted to perfection.

From regular office wear to bold statement pieces, we have something for all your jewelry needs.

We aspire to stand by our name and try to create some “stunning” pieces to elevate your gorgeousness!

Wrapping up

Here, we have got you covered with the factors that impact the cost of laboratory-grown diamonds.

All in all, many factors are taken into consideration while deciding the price of man-made diamonds.

Now that you know how the prices of lab grown diamonds are decided, you can make a smart purchase and know what you are paying for.

We hope this article will help you get a better understanding of these diamonds and help you make an informed decision.