About The Resale Value And Cost Of Artificial Diamonds

Diamond Rings
Diamond Rings
Diamond Rings
Diamond Rings

A natural diamond engagement ring can cost $2000 to $350,000, but artificial diamonds have reduced the rates of these rings. Chemical vapor deposition and HPHT are the methods to create diamonds at a fraction of the cost of natural diamonds. Several jewelers have started selling lab grown diamonds, which can continue to impact the price.

How Affordable Are Lab-Made Diamonds?

A natural diamond ring costs up to about 50% more than one with an artificial diamond. It is a good news for couples who seek diamond rings for engagements. Lab-made diamonds may not have the same features as the mined stones, but both products have the same appearance and sparkle.

Artificial diamonds are becoming popular options for engagement jewelry because today’s generation is gaining awareness about diamond mining and its ethical issues. Artificial diamonds are more affordable and easier to discover than their natural counterparts, which is particularly true for colored stones.

Several jewelers sell artificial diamond jewelry that costs between $600 and $700, versus mined diamond rings that can retail for at least $5,000 depending on clarity, color, and weight.

Artificial diamonds are suitable for colored stones like the pink diamond or blue sapphire diamond. A natural version of one of those two diamonds costs a whole lot more than an artificial one.

The Diamond Resale Value

Lab Grown Diamonds
Lab Grown Diamonds

Artificial diamonds lack the same value as mined diamonds. However, if you consider it, buying a piece of engagement jewelry is a personal decision, so the stone’s resale value may not matter much to you.

Artificial diamonds have long been in the market but became popular only in 2015 in the United States of America. Earlier, artificial diamonds were utilized in different sectors, but jewelry pieces set with those stones are becoming increasingly popular.

The market for artificial diamond jewelry is growing fast as it attracts many traditional jewelers. Some jewelry retailers claim that they carry artificial diamonds with a quality level that is identical to mined diamonds.

How Much Does Diamond Cutting Cost?

It is costlier to set artificial diamonds in jewelry because the cutting costs and certification are almost the same. Almost every jeweler lacks specialized pieces of diamond cutting and diamond polishing technology, so it should work with an identical set of techniques or tools. That might change as several companies attempt to produce better equipment for those purposes.

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