Lab grown diamonds usually have substantially lower prices than natural diamonds. You get more sparkle for your money! Also, if the cost to the environment is an important factor in your decision, lab grown diamonds make for a win-win situation.
This does not mean that lab grown diamonds are "cheap" — in fact, the capital required for processing lab grown diamonds and mined diamonds are relatively similar. Natural and lab created diamonds have the same costs when cutting, polishing, and inspection and a great deal of care and craftsmanship goes into preparing diamonds for engagement rings.
However, the costs and processes are very different up to that point. Lab grown diamonds offer a shorter supply chain than mined stones. Getting a natural diamond from its raw form to a retail-ready gemstone requires miners, distributors, cutters, polishers, jewelry manufacturers, and retailers.
Whether you are in the market for lab diamond stud earrings or engagement rings, you save money when you choose lab grown diamonds. To put it simply, a lab created diamond touches fewer hands, making it ultimately less expensive.
The most considerable benefit of a lab grown diamond is you get a bigger stone at a lower price. All the while you are not sacrificing quality. This alone has made lab diamonds surge in popularity in recent years.