The Truth About Labgrown Diamonds: Are They Really Cheaper?
Diamonds have long been a symbol of eternity and luxury, making diamond earrings in Singapore one of the most sought-after jewelry items. However, with the introduction of lab-grown diamonds—diamonds created in a laboratory instead of mined from the earth—there has been some confusion about these two diamond types, especially when it comes to their cost.
Labgrown diamonds have been making waves in the jewelry industry since they first made their debut over a decade ago. They are being touted as an affordable, sustainable alternative to mined diamonds, but is that really the case?
The truth about labgrown diamonds has been subject to debate and misunderstanding for some time now, so let’s take a closer look at the facts.
The True Cost of Labgrown Diamonds
The price of labgrown diamonds has been steadily decreasing since they were first introduced to the market, making them a more affordable option compared to mined diamonds. However, it is important to note that these lower prices are relative, and labgrown diamonds still tend to cost over 20% more than their mined counterparts. This means that while labgrown diamonds may be cheaper than mined diamonds, they are still not necessarily considered “cheap” in the traditional sense.
It is also important to consider diamond certification when looking at diamond prices. Lab-grown diamonds may be cheaper initially, but it is important to note that only diamond with a reputable diamond certificate such as the Gemological Institute of America (GIA) diamond report can be considered for diamond investments. Labgrown diamond certificates are not currently recognized by GIA, so investing in labgrown diamond earrings may not give you the same return on investment as a mined diamond.
The biggest advantage of labgrown diamonds is their sustainability factor. For example, diamond earrings in Singapore are grown in a laboratory setting under strictly controlled conditions, and no mining or exploitation of any natural resources is involved in their production. While mined diamonds can take thousands, or even millions of years to form naturally, labgrown diamonds are created in a matter of days. This makes them much more ecologically friendly than their mined counterparts.
Another benefit of labgrown diamonds is that they offer the same physical properties and characteristics as mined diamonds, but at a fraction of the cost. Labgrown diamonds often feature higher clarity and color grades than their mined counterparts, due to the fact that they are grown in a laboratory setting where defects can be more easily monitored and corrected.
Additionally, because labgrown diamonds are not as rare as mined diamonds, they tend to come in a wider variety of sizes and shapes. Finally, lab grown diamonds are considered to be conflict-free. Since they are not mined from the ground, there is no risk of them being associated with any sort of unethical labor practices or human rights violations that can often occur in diamond mining operations. Thus, buying a diamond earrings in Singapore for example assures you that it’s sourced ethically and responsibly.
While there is no denying the fact that lab grown diamonds offer a number of advantages over mined diamonds, it is important to keep in mind that they are still not necessarily considered “cheap” when compared to their counterparts. Additionally, while they are more sustainable and conflict-free than mined diamonds, they still come with a price tag attached.
In summary, the truth about labgrown diamonds is that they offer several advantages over mined diamonds, including sustainability, clarity and conflict-free sourcing. However, they are still more expensive than their mined counterparts, despite the fact that their prices have been steadily decreasing in recent years.
Ultimately, the decision between labgrown and mined diamonds comes down to personal preference and budget. It is important to consider all factors before making any decisions, and to understand the truth about labgrown diamonds in order to make an informed decision.