Lab created diamonds have been called many things, like cultured diamonds or man-made diamonds. These are just fancy terms that mean the diamond was grown in a laboratory instead of mined out of the ground. Lab-created diamonds have been around since the 1950s, but they’ve only recently become popular as an alternative to mined diamonds in the past few years. How much will lab-grown diamonds cost in the future? It’s impossible to say exactly, but the current cost of lab-grown diamonds can give us an idea of how these cultured diamonds will be priced.
A Little History
Lab grown diamonds began production about 20 years ago, and are already a multi-billion dollar industry. Back then lab created diamonds were only sold by a few companies, at high prices that kept their products out of reach for all but a few people. As with most new industries, research costs money and price tags of millions of dollars put them beyond what ordinary consumers could afford. Over time, though as costs come down in part because there are now more lab created diamond manufacturers competing with each other, lab diamonds have become affordable to more people.
With more companies entering the market it is thought that there will be enough competition to keep prices low over time. From what I’ve read over at David Jones it’s hard to tell if they’re going to be too expensive or not just yet. The real question is how many different labs created diamond manufacturers are going to enter the market and how quickly they can lower their costs. Once we get an idea of those two things we’ll know better whether lab created diamonds will be affordable for everyone or just for a select few.
The Technology Behind Synthetic Diamonds
According to lab grown diamonds the USA, Lab Created Diamond Manufacturer several technologies are being used by labs to grow diamonds, with some using nuclear reactors and others using laser energy. Since we can’t predict which technology will end up on top and win mainstream popularity, it’s not possible to forecast exactly how much they’ll cost down the road. However, there are some estimates on where costs may fall—even if diamond prices overall trend higher. A review from Lux Research suggests synthetic diamond prices could hit a range of $1,600-$4,000 per carat for a mass-produced product between 2015 and 2020; for non-gem quality stones that would hit $2,500-$7,000 per carat. This compares to today’s natural diamond price of around $6,000 per carat. And while these might seem like relatively high numbers, especially when compared to lab-grown diamonds’ current price tag of just under $1,200 per carat (according to lab grown diamonds the USA, Lab Created Diamond Manufacturer), experts believe they’re more than reasonable given what lab grown diamonds currently offer versus natural gems.
Why Do They Look So Good?
Lab-grown diamonds cost less than mined diamonds, but many people still ask why lab diamonds look so much like like-minded ones. The truth is that when you look closely, you can tell a lab diamond from a natural one. However, most people never get that close or just don’t know what to look for. When lab diamond companies started offering stones at prices that were equal to—or even cheaper than—mined ones, it was impossible to tell them apart under most conditions.
That means they offer more bang for your buck and are worth looking into if you’re shopping for jewelry anytime soon. It also means lab diamonds have come a long way since their early days, making them more affordable and appealing to buyers of all types. As lab technology continues to improve, we may see lab-grown diamonds become indistinguishable from natural ones—but for now, you should know what makes these gems different and how you can pick out which is which without professional help.
Lab-created vs mined: It’s easy to see how big of an impact these artificial gems have had on our industry already. But as technology improves and demand increases, we could be seeing an entirely new generation of affordable jewels on store shelves before long. While they’re currently only available in limited quantities due to production costs and supply issues, their popularity has been steadily growing over time.
Are They Worth It?
Many consumers are interested in lab-grown diamonds, but ask themselves: are they worth it? Well, these lab grown diamonds are perfect for consumers looking to get a real diamond without a high price tag. In many cases, Lab Created Diamond Manufacturer can be priced up to 80% less than other diamonds. Now you can purchase your very own real diamond while staying within your budget. It’s a win-win! When it comes down to it… How much is a lab created diamond worth? If you’re comparing two items that serve similar purposes and both items are of equal quality, how much will you spend on them if their prices were drastically different? If one costs $10 and another cost $1000 would you still buy both?