Lab Grown Diamond Rings vs Natural Diamond Engagement Rings
When considering an engagement ring, many couples weigh the options between lab grown diamond engagement rings and natural diamond engagement rings when creating their engagement ring wishlist. Lab grown diamonds are created in controlled environments, while natural diamonds form over the course of billions of years deep within the Earth. While lab grown diamond engagement rings may look similar to natural diamond engagement rings, they are not the same gemstone. Lab grown diamonds (also called lab created diamonds) and natural diamonds differ in terms of rarity, value, and emotional significance.
Learn more about the differences between natural diamond engagement rings below.
What Are Natural Diamond Engagement Rings?
A natural diamond engagement ring features a diamond that was formed deep within the Earth’s mantle over billions of years under intense heat and pressure. Natural diamonds (sometimes mislabeled mined diamonds) are incredibly rare to find in nature, and no two are exactly alike. Their value also tends to increase over time, making them a lasting investment. Furthermore, natural diamonds offer an unmatched cultural significance and history. The enduring beauty and scarcity of a natural diamond make it a timeless choice for those seeking an engagement ring that will stand the test of time. Natural diamond engagement rings have been treasured for centuries as symbols of love, commitment, and rarity.
What Are Lab Grown Diamond Rings?
A lab grown diamond engagement ring features a diamond created in a controlled laboratory setting rather than formed deep within the earth over the course of billions of years. They are grown using advanced technological processes like High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD), which replicate the natural diamond formation process. Lab grown diamond engagement rings look similar to natural diamond engagement rings, but they are not the same product.
Lab grown diamonds and natural diamonds do have distinct differences and diamond testers as well as more advanced techniques can easily detect the difference. Lab grown diamond engagement rings also may not carry the same rarity and sense of history and emotional connection that comes with a stone formed over millions of years. Additionally, lab grown diamonds do not appreciate in value like their natural counterparts, making them less of a long-term investment.
Environmental Impact of Natural Diamond Engagement Rings
Natural diamond recovery does not involve toxic chemical by products, as diamonds can be easily separated from the host rock once extracted from the ground. The remaining rock is stored on-site and later repurposed to help restore the land to its original condition once mining operations conclude. Natural diamonds also contribute to the livelihoods of 10 million people across the world. The natural diamond industry supports communities through ethical sourcing initiatives, sustainable mining practices, and economic development programs, particularly in regions where diamonds are a crucial part of local economies. Many diamond mining companies invest in schools, healthcare, and conservation efforts, ensuring that the positive impact of natural diamonds extends far beyond their radiant beauty.
Environmental Impact of Lab Grown Diamond Rings
While lab grown diamond rings are often marketed as an environmentally friendly choice, their production process still has significant ecological impacts. These diamonds are created using high-energy processes such as High-Pressure High-Temperature (HPHT) and Chemical Vapor Deposition (CVD), both of which require substantial amounts of electricity to recreate the extreme heat and pressure found within the Earth. Both processes are often powered by fossil fuels and require large amounts of water to cool down the reactors. In fact, around 60% of LGDs are manufactured in China and India, countries that rely heavily on fossil fuels. The carbon footprint of lab grown diamonds can be significant, depending on where and how they are produced. While some manufacturers strive to use renewable energy sources, the reality is that the environmental benefits of lab-grown diamonds are not as clear-cut as often presented.
Value of Natural Diamond Engagement Rings
Natural diamond engagement rings have long been recognized as valuable assets, appreciated for their rarity and enduring worth. Unlike lab grown diamonds, natural diamonds have a history of increasing in value over time. The value of a natural diamond is deeply rooted in its rarity as a finite, naturally occurring gemstone. This exclusivity has made natural diamonds a consistently valuable asset. Over the past 35 years, natural diamonds have appreciated in price by approximately 3% annually on average, reinforcing their long-term worth. As a result, they serve as exceptional heirlooms, preserving their inherent value for generations. In contrast, lab grown diamonds, much like other manufactured products, can be reproduced indefinitely.
Most jewelers allow trade-ins for natural diamond engagement rings, especially if the diamond was purchased from their store. Trade-in programs typically offer credit toward a new purchase, often requiring the new diamond to be of higher value than the original.
However, policies vary, and factors like the diamond’s condition, certification (e.g., GIA), and market demand can affect the trade-in value. Some high-end jewelers and national retailers offer lifetime upgrade programs, while smaller or independent jewelers may have more limited options. Always check the jeweler’s specific trade-in policy before purchasing.
Value of Lab Grown Diamond Engagement Rings
Lab grown diamond engagement rings can be marketed as an affordable alternative to natural diamonds, but their long-term value is less certain. Due to their ability to be mass-produced in laboratories, lab-grown diamonds lack the rarity that makes natural diamonds so desirable. The market for lab grown diamonds is rapidly evolving, and with increasing production capabilities, prices are expected to continue declining over time. Between 2016 and 2022, the market saw a dramatic decline in lab-grown diamond prices, with values dropping by more than 70% due to increased production and technological advancements.
Most jewelers do not offer trade-in or upgrade programs for lab-created diamond rings due to their declining value. However, some retailers may provide limited buyback, exchange, or upgrade options for lab grown diamonds, particularly if they were originally purchased from them. It’s always best to check with the jeweler about their specific policies before making a purchase.
