Lab grown Diamonds - Thoughts?
- Thread starter Minimalist_Chic
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Yes, I’m shocked because of how much rarer the physical metal is… makes me want to collect more though 🤣
The jewelers I use still price platinum more than 18kt gold. But the prices I've seen are very similar.
Who cares if lab grown diamonds do not hold their value. When you pay $3500 for a VS GH 2 ct lab grown diamond ring and a similar mined diamond ring costs over $20k. I buy my ring to wear and enjoy it. If down the road I get tired of it, I can always get it reset and keep the recycling going.
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Platinum stays a bit higher because it is harder to work with. The metal may cost less, but the labor costs more.
Hate to say it, but I care. I love diamonds, but I’m not going to buy a lab diamond that costs $3,500 to only get maybe $50 for it if I needed to sell it.
The jewellers have been pushing the idea that lab diamonds are identical to genuine diamonds. But IF that were the case, how is it possible that there’s currently technology that CAN differentiate between a lab-grown diamond, and an earth-mined one?
With real diamonds if they are a certain colour, clarity, cut, etc. you know you’re going to get a better deal if you have to sell it on, especially if you don’t just go to any old pawn shop to do so.
Having said all that, if you’re happy with a lab-grown diamond, then I’m happy for you, as your opinion for you personally is all that matters.
Yeah that. Platinum is also a lot denser.
A platinum ring uses more platinum than the same ring in gold. At 14kt gold, platinum costs quite a bit more. At 18kt gold, the price is much closer. At 22kt, the gold the ring will cost more than in platinum.
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Meh I love them all. I have many natural diamonds and I know for a fact unless it is an exceptional diamond or set in a designer setting, I would get very little in the resale market unless I upgrade with the jeweler.
You get more value from the metal in my experience.
I too wonder how they can differentiate between earth grown and lab grown?
It’s as I said, it depends on the 4C’s of the natural diamond. You can take the diamond out of the setting if you are only getting the gold value, but I do know from previous experience that you can get a lot of money for a piece of jewellery (even from certain pawn shops) IF it’s a great quality piece.
I don’t wonder how they differentiate, I just know that there’s technology that does. That tells me that regardless of what the jewellers say, a lab-grown diamond is certainly not identical to a natural one.
As I said though, you like ‘em, I love ‘em … paraphrased, but you get the gist!
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I have many earth mined diamonds, and if I go to sell them I will lose a lot more $ than with a mined diamond, given an equal sized diamond. Even if I get $0 for the 2 ct lab diamond, I will lose at least 1/2 the value on an earth mined diamond i.e purchase price $20 k, sale price $10k. I would lose $10 k because no one will pay you what you paid for it.
Well obviously you’re not going to get paid what you paid for it - that’s just business. As for you’d lose a lot more, well yes, I suppose technically, because earth-mined diamonds cost more, and are worth more than lab-grown. But if you think about the percentage you lose of one vs the other, then you blatantly see you lose a lot more from the so-called value of a lab-grown, than an earth-mined. You might lose 50% on an earth-mined, but you’re going to lose 90%+ on a lab-grown.
$20K minus $10K still equals $10K, 50%.
$3,500 - 95% still equals only $175. That’s a crap resale value, way worse than 50%.
Anyhow, as I said, you do you. As long as you’re happy, that’s what matters. I saw your comment, and I thought I’d give my opinion, you know? We’re all entitled to one!
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Yes, but my out of pocket $ loss would be a lot greater on an earth mined diamond. I still love my natural diamonds however this is a relatively inexpensive alternative to get something stylish and trendy.
generally with an earth mined diamond you're gonna buy retail and if you sell you will get wholesale. with lab grown you will get less but if you want sparkle and a larger stone and you don't plan to sell, I see nothing wrong with going that route
The structure of the lab grown diamonds and natural diamonds are different because of the way the pressure was applied (the direction it comes from, how even it is etc). So there is equipment which is able to tell even the type of equipment used to make the lab diamond, but this is only available industrially and so even jewellers with just the loupe will not be able to tell.
No, no, nor do I, if that’s the way you want to go. For me personally it isn’t. Many years ago I was put in a position where I had to sell a lot of my jewellery. Because of the quality of it I got very, very good prices, certainly way more than wholesale. I didn’t want to sell it, but I had no choice. If, on the other hand, my diamonds had been lab-grown … well, put it like this, I would have been in a really bad way. I never plan on selling the rest of my jewellery, but at least if I do I know I will get good money for it. Fingers crossed, I will never have to do so again. I guess the point is, that I can.