What Is a Lab-Grown Diamond?: Lab-Grown vs. Natural Diamonds
For people who want to get married, the diamond engagement ring is a tale as old as time—and advertisers and media companies alike make the rather expensive tradition seem inescapable. The slogans from South African diamond behemoth De Beers speak for themselves:
“A diamond is forever.”
“Is two months’ salary too much to spend for something that lasts forever?”
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“Show her you’ll love her for the next thousand years.”
On top of it, the marketplace for diamonds can be really confusing. There are grades of clarity and color that lead to an overall quality rating. And, of course, diamonds are very expensive. The International Gem Society reports that the average amount spent on a diamond ring in 2021 was $5,000. (At the iconic jewelry store Tiffany’s, a budget of $5,000 barely gets you into the diamonds, let alone the showy single diamonds people prefer on engagement rings.)
All of these reasons have driven consumer interest in lab-grown diamonds, and in lab-grown diamond engagement rings in particular. So, we spoke to an expert from the Gemological Institute of America (GIA) to learn everything you need to know about lab-grown diamonds—the production methods, the colors, the intangibles, and more. They say lab-grown diamond rings can cost up to 20 percent less than natural diamonds, which would knock that $5,000 ring down to $4,000. It’s not a Black Friday doorbuster percentage of discount, but that’s a lot of money to save.
Lab-Grown Diamonds vs. Natural Diamonds
Sally Magaña is a research scientist and the manager of diamond identification for the Carlsbad, California-based GIA, which now has locations around the world; the GIA creates and upholds standards and education for jewelers around the world. Today, one of its key concerns is telling apart lab-grown diamonds from natural diamonds,