Several factors influence the cost of lab-grown diamonds, including their production method. Advanced technologies, such as High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD), are used to create lab-grown diamonds, which can impact the final price.
Just as with natural diamonds, color and clarity grades also play a significant role in lab diamond prices. Lab-grown diamonds with higher clarity and color grades typically cost more, just as natural diamonds do. Market dynamics can also influence the price of lab-grown diamonds.
Lab diamonds are a great way to maximize your budget as they tend to cost less than natural diamonds of similar quality. Multiple factors, including differences in production time, make lab grown diamonds a more accessible way to purchase high-quality, large-carat diamonds.
Natural diamonds, on the other hand, derive their higher cost from their limited quantity and the mining process. As finite resources, larger or higher-quality natural diamonds are especially rare, commanding premium prices.