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Lab Grown Diamonds vs Mined Diamonds
Lab Grown
Diamonds
Engineered in controlled facilities that duplicate the natural process that creates mined diamonds, lab grown diamonds have the exact same chemical and physical make-up of mined stones. To the naked eye, there is no difference between mined diamonds and lab grown diamonds. Unlike simulated stones like cubic zirconia or moissanite that mimic the look of real diamonds, lab grown diamonds share the same chemical properties of mined diamonds.
Mined
Diamonds
Mined diamonds are diamonds that have formed through natural occurrences and are extracted from the Earth. Made of carbon that has crystalized, diamonds are formed under great pressure and temperature, and are pushed to the earth’s surface following a volcanic eruption. Extracting mined stones is a costly and often dangerous process.
Price Difference
Revolutionary in every way, lab grown diamonds are cultivated in a
controlled space and cost 35-50% less than mined diamonds of the same
carat size, cut and quality.
Technology has made it so that lab grown diamonds can be cultivated both efficiently and effectively. The price to cultivate diamonds is a fraction of the cost that’s required to mine diamonds, which means consumers aren’t forced to carry the cost of souring and extracting diamonds from the Earth.
The cost to explore for diamonds and extract the stones is tremendous, and the price is passed along to the jeweler, which then determines how much you, the consumer, will pay.
Why one might choose one over the other
Choosing between a lab grown diamond and a mined diamond is a personal
decision, but there are several key factors that can help you decide
which type is stone is right for your investment.
Advantages
Lab Grown Diamonds
40-50% more affordable than mined diamonds
100% ethical
Created using the same technique that occurs in nature to produce mined diamonds
Physically and chemically identical to mined diamonds
Can be insured and appraised
Advantages
Mined Diamonds
Higher perceived value
Rare and relatively hard to find
Natural geological processes
Established secondary market value
Kimberley process