Indeed! Lab grown diamonds generally come at a price that's about 75% less than their mined counterparts of comparable attributes. The significant price disparity stems from the higher expenses associated with extracting diamonds from the earth compared to cultivating them in a lab setting. Regardless of their origin, whether mined or Lab produced, diamonds undergo the same processes of cutting, polishing, grading, certification, and transportation. Consequently, the price variation is solely attributable to the distinct production costs of the raw diamonds.

Specialization is key. When considering purchasing Lab grown diamonds, it's prudent to seek a dealer exclusively dedicated to Lab grown diamonds. A company with this niche focus invariably offers superior service and product quality. Engaging directly with a specialist in Lab grown diamonds is undoubtedly the optimal approach for those keen on broadening their knowledge or making a purchase.

Laboratory-crafted diamonds are unquestionably genuine diamonds. They are forged through identical chemical and physical processes that transpire organically within the Earth's depths. However, these diamonds grow in a regulated lab setting, starting from a seed of diamond crystal that enlarges progressively as carbon atoms accumulate on it. In terms of chemical composition, physical properties, and optical characteristics, Lab grown diamonds are indistinguishable from their natural counterparts, making them authentic diamonds. As per IGI and GIA, the industry's foremost authorities on diamonds, gemstones, and pearls, Lab grown diamonds undergo evaluation using the same criteria and methods as mined diamonds. For a more comprehensive understanding, feel free to explore our about lab diamonds section.

It is always significantly less expensive to grow diamonds in laboratories than to mine diamonds from the earth. The exact price difference will depend on various factors such as the size, quality, and specific type of diamond, but on average, lab grown diamonds are around 75% cheaper than natural diamonds. Due to the lower cost of making rough lab grown diamonds, they are much more economical than mining and extracting rough natural diamonds from the earth. Rough diamonds, however, must undergo all the same processes to become retail-ready, including cutting, polishing, and certification, regardless of whether they come from a mine or a lab.

For instance, a mined diamond costs €10,000, while a lab diamond costs €2,500, netting you a massive saving of €7,500.

Regardless of their origin, whether Lab crafted or mined, diamonds undergo identical testing procedures. Lab grown diamonds, being chemically, physically, and optically indistinguishable from natural diamonds, manifest the same attributes upon testing. Traits such as hardness, refractive index, thermal conductivity, and other distinct properties are inherent to diamonds, irrespective of them being derived from the earth or engineered in a laboratory.

Just like their natural counterparts, Lab grown diamonds can indeed have inclusions. These inclusions are innate imperfections present within the diamond structure, prevalent in both mined and Lab crafted diamonds. The nature of inclusions can vary, ranging from minuscule bubbles to entrapped carbon deposits that were integrated during the diamond's formation. Similarly, as with natural diamonds, a majority of Lab created diamonds exhibit imperfections, with only an exceptionally minute fraction achieving a flawless status. For a deeper insight into diamond clarity, you're encouraged to peruse our 4Cs guide.

Lab crafted diamonds are insurable just as their mined counterparts. Given that they're acknowledged equivalently to mined diamonds, their insurance process is parallel. You can secure coverage for your Lab grown diamond ring via a specialized jewellery insurance policy. Such policies typically shoulder the expenses of replacement or restoration in cases where your Lab grown diamond ring is misplaced, pilfered, or harmed. It's imperative to meticulously review the stipulations of your insurance agreement to discern the coverage extents and potential exclusions.

Traditionally, sourcing rough diamonds necessitated land excavation, but the advent of Lab grown diamond techniques has revolutionized the diamond sector. Diamond mining invariably inflicts environmental harm, destabilizes ecosystems, and consumes vast amounts of water and energy. Conversely, Lab grown diamonds, cultivated in a regulated laboratory setting, bypass the detrimental processes of mining and resource extraction, leaving no ecological footprint. For Earth's recuperation, the eradication of diamond mining is paramount, positioning Lab grown diamonds as the sole viable substitute. To delve deeper into this subject, kindly navigate to our segment dedicated to ethical diamonds and eco friendly diamonds.

Lab grown diamonds stand as a beacon of non-complicity in conflicts and human rights infringements, a stark contrast to some earth-mined diamonds, infamously dubbed 'Blood Diamonds'. The emergence of Lab grown diamonds on the global stage presents a potent countermeasure against the menace of blood diamonds. Sculpting a sustainable diamond landscape is a daunting endeavour, with experts conjecturing it might span several decades. For an in-depth exploration of the blood diamonds dilemma, delve into the insights shared by Novita Diamond's chief gemmologist on our blog.

The journey towards widespread market acceptance for Lab grown diamonds has been somewhat protracted, primarily due to staunch opposition from the mining sector ever since their inception. Such resistance is characteristic when traditional industries face disruption. Presently, most eminent high-end brands don't feature Lab created diamonds in their collection, and this stance appears poised to persist for the foreseeable future.

GIA has opted for a strategy of releasing only electronic certificates for Lab grown diamonds, a decision some interpret as an attempt to subtly diminish the perceived value of lab diamonds amongst consumers. Owing to various strategic considerations, GIA ventured into the Lab created diamond arena later than its primary competitor, IGI, a delay that relegated them to a secondary position in this specific segment. Meanwhile, IGI seized the opportunity and solidified its status as the preeminent global authority in certifying Lab grown diamonds. For a comprehensive breakdown of the dynamics between GIA and IGI, delve into the detailed narrative of GIA VS IGI.

During diamond mining, diamonds are found in random shapes and sizes, often forcing cutters to sacrifice quality for carat weight. Remember that carats are the #1 factor determining diamond prices. Diamonds grown in labs can be tailored to grow into specific shapes, making them much easier for cutters to work with, allowing them to produce diamonds of much better proportions than would have been possible with mined diamonds. You can learn more about a diamond cut here.

In the process of mining, diamonds are uncovered in an assortment of shapes and sizes, frequently compelling cutters to prioritize carat weight over quality, given that carats predominantly dictate diamond prices. In contrast, Lab grown diamonds can be meticulously cultivated to achieve designated shapes, offering cutters an advantageous groundwork. This facilitates the crafting of diamonds with superior proportions, surpassing what might be achievable with their mined counterparts. You can read our article for a deeper understanding on the topic of diamond cut.

Contrary to such misconceptions, only mined diamonds were historically under a monopolistic influence. Historical records and court proceedings have repeatedly underscored how the pricing of natural diamonds was manipulated, primarily owing to De Beers' monopoly. Lab grown diamonds, in contrast, don't fall under the dominion of a solitary entity, safeguarding them from price manipulations or monopolistic tendencies. As a result, lab diamonds are priced equitably, reflecting their true value on a worldwide spectrum. Dive deeper into the legacy of the monopoly of mined diamonds and its transformative impact on the diamond landscape.