Introduction to Lab Grown Diamonds
When it comes to diamonds, there are two main types: natural diamonds and lab grown diamonds. Both types of diamonds are made of carbon, but lab grown diamonds are created in a controlled environment (i.e. a laboratory) while natural diamonds are formed naturally over millions of years.
So, what is the price of a lab grown diamond ring? It depends. In other words, as you look for places to buy engagement rings & wedding bands online, you need to know that the price of a lab grown diamond ring will depend on the quality of the diamond (i.e. carat, color, clarity, cut), as well as the setting and style of the ring. That being said, you can expect to pay anywhere from $500 to $5,000 for a lab grown diamond ring.
To put things into perspective, the average cost of a natural diamond engagement ring is $6,000 (according to The Knot’s 2018 Jewelry & Engagement Study). So, if you’re looking to save some money on your engagement ring, opting for a lab grown diamond may be the way to go!
Factors Affecting the Cost of Lab Grown Diamond Rings
When it comes to the cost of lab grown diamond rings, there are a few factors that can affect the price. The first is the size of the diamond. The larger the diamond, the more expensive it will be. The second factor is the quality of the diamond. The better the quality, the higher the price will be. The third factor is the setting of the ring. The more intricate and beautiful the setting, the more expensive it will be. And finally, the fourth factor is whether or not you choose to have a custom ring made. If you want a truly unique and one-of-a-kind ring, expect to pay more for it.
Pros and Cons of Lab Grown Diamond Rings
When it comes to diamonds, there are many different ways that you can acquire them. You can go the traditional route and buy a mined diamond, or you can opt for something a little more modern and purchase a lab grown diamond. But what are the pros and cons of lab grown diamond rings? Let’s take a closer look.
Pros:
- They’re environmentally friendly.
- They cost less than mined diamonds.
- The quality is just as good as mined diamonds.
- You can know exactly where your diamond came from.
- They don’t have any impurities or blemishes.
Cons:
- Some people prefer the “romance” of mined diamonds.
- Lab grown diamonds are still relatively new, so there may be some unknown long-term effects.
Overview of Average Prices for Different Carats, Colors, and Clarity
The average price of a lab grown diamond ring will vary depending on the carat size, color, and clarity of the diamond. For example, a 1 carat lab grown diamond ring will typically cost between $1,500 and $2,500. The price will increase if the diamond is larger or has a higher quality (e.g. colorless and flawless).
Assuming that all other factors are equal, the price of a lab grown diamond ring will be lower than the price of a natural diamond ring because lab grown diamonds are less rare. However, it is important to keep in mind that not all lab grown diamonds are created equal – some may have inferior quality or lower clarity grades when compared to natural diamonds. So be sure to do your research before making a purchase!
Comparing Prices with Natural Diamonds
When it comes to the price of a lab grown diamond ring, there are a few things to keep in mind. First, lab grown diamonds cost on average about 30% less than natural diamonds. Second, the quality of lab grown diamonds is on par with natural diamonds, so you’re not sacrificing quality for price.
So, how does the price of a lab grown diamond ring compare to the price of a natural diamond ring? Let’s take a look at a few examples:
- 1 carat round lab grown diamond: $4,790
- 1 carat round natural diamond: $6,600
- 2 carat oval lab grown diamond: $13,380
- 2 carat oval natural diamond: $19,200
As you can see, lab grown diamonds are significantly cheaper than natural diamonds, especially when you start moving up in size. And remember, you’re not sacrificing quality for price – lab grown diamonds are just as beautiful and durable as their natural counterparts.
Where to Buy a Lab Grown Diamond Ring
There are a few different ways to buy a lab grown diamond ring. The first is to find a retailer that specializes in selling lab grown diamonds. These retailers usually have a wide selection of rings to choose from and can help you pick the perfect ring for your budget.
The second way to buy a lab grown diamond ring is to go directly to a jeweler who offers them. This option gives you the chance to work with a professional and get exactly what you want. However, it may be more expensive than buying from a retailer.
The third way to buy a lab grown diamond ring is online. There are many online retailers that sell lab grown diamonds, so you can easily compare prices and find the best deal. You can also read customer reviews before making your purchase.
No matter where you decide to buy your lab grown diamond ring, make sure you do your research so you know you’re getting the best quality ring at the best price.
Conclusion
Lab grown diamonds offer a more cost-effective alternative to traditional mined diamonds, without sacrificing any of the sparkle. With both ethical and financial benefits, lab grown diamond rings are becoming increasingly popular for those looking for an affordable yet beautiful way to express their commitment. From classic solitaires to dazzling cluster designs, there is something for everyone in the world of lab grown diamond rings. So why not start exploring your options today and find the perfect ring that fits your budget?
