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

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