Lab-Grown Diamonds & Engagement Rings
There are many misconceptions about lab-grown diamonds (also referred to as lab-created diamonds) and so we want to provide you the facts. At Miro Jewelers, we sell both lab-grown and natural diamonds. First and foremost, it's important to understand that a lab-grown diamond is a real diamond! It is simply grown and made in a laboratory versus being mined from the earth. Here are questions and answers we are typically asked to help you make a decision when buying a diamond or engagement ring.
Are lab-grown diamonds less expensive?
Yes. Typically it can be at least 20% - 30% less in cost than a natural diamond.
What are the benefits beyond price?
Lab-grown diamonds purport to be more eco-friendly. For every mined carat, 6000 pounds of mineral waste is created. It's important to note, however, that they do use a significant amount of energy to create. They are ethically sourced, although all of the natural diamonds at Miro jewelers are also ethically sourced.
Are they graded and can you receive a grading report?
Yes and yes. Lab-grown diamonds are sent to a lab that specializes in grading diamonds (both natural and lab) using the 4Cs of cut, clarity, color, and carat. Lab-created diamonds use the same process for grading diamonds as mined natural diamonds.
Is one better than the other?
That's a difficult question to answer. It really comes down to you. You may choose a natural mined diamond because it is incredibly rare and definitely one of nature's miracles. Or you may be interested in a lab-created diamond because you feel that they use modern technology, are less expensive, and can provide you a bigger bang for your buck! It truly is up to you, and both represent love.
Will they hold their value?
We cannot promise (and nor can any retailer or online seller promise) if a lab-grown diamond will hold its value. However, most people do not trade-in or change their diamond.
Find out more about lab-grown diamonds. Find out more about natural diamonds.
What is the difference between a lab-grown diamond or a natural diamond?
The only difference between the two is the origin. A lab-grown diamond is literally grown inside a lab using cutting-edge technology that replicates the natural diamond process. They are chemically and physically the same as a natural diamond. They are not "fakes". A natural diamond is created beneath the Earth's surface and takes thousands of years to form. Only a small percentage of diamonds mined from the earth are actually the quality to be used in fine jewelry and engagement rings.