![]() ![]() If you’re interested in the ethical issues related to diamond buying, see this comprehensive article. This article focuses on the value and price of lab-created diamonds. The main concern is value and wanting our readers to make smart, long-lasting purchases. ![]() I won’t go into the technical details of how lab diamonds are made because that’s not the issue. As long as we’re referring to lab-created diamonds (and not diamond simulants or cubic zirconia) they are “real” diamonds. We also agree that synthetic diamonds look exactly like natural diamonds. We work to find the right balance of quality and size for your budget, all while avoiding rocks or pitfalls along the way. We’re here to help you get the best bang for your buck. In other words, our goal isn’t to persuade you to buy a diamond. We believe diamonds are beautiful and a great choice for high-end jewelry, but we don’t buy into the marketing that says you must buy a diamond for your engagement ring. Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. To help you with the diamond buying process we lean on our expertise and experience. natural diamondsĪre lab-grown diamonds cheaper than natural diamonds?Īre lab-grown to natural diamonds a fair comparison? In this article we will discuss everything you need to know about lab grown diamond pricing. While they can be more budget-friendly, it’s essential to understand that lab-grown diamonds typically have a lower resale value compared to natural diamonds. A one carat lab-grown diamond costs about $1,200 (depending on the quality), while a similar natural diamond can cost $4,200. Lab-grown diamonds are significantly cheaper. These diamonds are made in labs but share the same physical and chemical properties as their natural counterparts. You may end up burning most of your opportunities to sell it if you start the process then back out.Lab-grown diamonds have surged in popularity recently, offering a more affordable alternative to natural diamonds. ![]() If you’re still debating whether or not you’re ready to sell your diamond, then wait. This is because transactions happen quickly in diamonds and no one likes to have their time wasted. This is because diamond retailers are subject to “Know Your Customer” laws under the US Patriot Act that require processes designed to hinder money laundering.Īre you really ready to sell the diamond? In many cases, an offer made to you for your diamond will have an expiration, or be an “exploding” offer. You may need to get a new certificate printed with the grading lab or a receipt produced by the original retailer.Īre you a US citizen? If you’re trying to sell your lab diamond in the United States and you are not a US citizen, you may struggle to do so. If you don’t have these things, you should obtain them first before trying to sell your lab diamond. In most cases, the recipient of the ring can legally sell the diamond after marriage.ĭo you have all of your paperwork? In most cases, retailers who purchase diamonds from the public require both a grading report from IGI, GIA, GCAL, or AGS, as well as proof of purchase to ensure the ring was not stolen. If your engagement ended prior to your wedding, it is possible that the legal owner of the lab diamond is actually the original purchaser, and not the recipient. Here are some things to keep in mind for your sale:Īre you legally able to sell your lab diamond? You may need to check your specific state’s requirements requiring gifts vs unconditional gifts to see who is the rightful owner of the lab diamond in the event you never got married. Regardless of your reason for selling your lab diamond, you will have a much better experience if you start the process prepared. ![]()
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