Are you attracted to the lower price tag of lab-grown diamonds? Think twice before making this particular investment!
We all know the first step to the perfect proposal: picking out the diamond ring your partner will swoon for! And our team at Charleston Gold & Diamond Exchange is thrilled to help you find the right match. We also want our customers to make the most informed decision possible when it comes to this investment, because it’s a big one! Which is why we’d like to discuss one of the newest trends in diamond-buying — lab-grown diamonds.
The difference between natural and lab-grown can still be a bit muddy to consumers and sellers alike. In fact, some companies have landed in hot water for falsely advertising their lab-created diamonds.
Here’s what you need to know:
Natural diamonds are forged deep within the earth over many years under great pressure and heat. We mine, cut and polish raw diamonds to use in fine jewelry. For years, natural diamonds have been the only choice for that signature engagement ring sparkle. They are still what you’ll see in most engagement rings today. However, some companies have started creating diamonds in laboratories. They create them in one of two ways: High Pressure High Temperature (HPHT) or CVD (Chemical Vapor Deposition). The quality of these lab-created diamonds is increasing with time and reputable diamond-graders (like GIA) even grade them based on the four C’s. However, a professional jeweler can still spot the difference fairly easily.
If you’re trying to find the right diamond within your budget, perhaps you’ve considered lab-grown diamonds. After all, their prices are up to 30% lower than their natural counterparts, according to Money Under 30. But, before you pull the trigger, consider your diamond’s resell value. Marriage is a life-long thing; you may want to upgrade your ring one day or the marriage may not last forever (unlike that diamond).
That’s why Charleston Gold & Diamond Exchange suggests investing in a natural diamond, even if you have to spend a little more for it now.
Natural diamonds hold their value extremely well. The supply of lab-grown diamonds is only going to grow, meaning the demand will inevitably go down, making them a poor investment. If you invest in a natural diamond now, you’ll thank yourself later when you need to resell and get at least 30-50% of your money back. If you go to resell your lab-grown diamond, that number decreases to the point where you’ll get next to nothing back.
Still interested in a lab-grown diamond? Let us know. While we don’t typically carry them in our store, we can still help you find one with the best quality for the best price! Now that you’ve thought about how your diamond is made, check out our guide to picking the perfect diamond shape.