Lab grown diamonds and natural diamonds have their own unique qualities and considerations. Here are some key points to consider:
1. Cost: Lab grown diamonds are generally more affordable than natural diamonds. They can cost 30-50% less, allowing you to purchase a larger diamond for the same price. However, natural diamonds have a higher resale value due to their rarity.
2. Rarity and Value: Natural diamonds have a unique value due to their rarity and the fact that they are formed over millions of years under the earth's crust. This rarity gives them a higher resale value compared to lab grown diamonds. Lab grown diamonds, on the other hand, do not hold this rarity value.
3. Visual Similarity: Visually, lab grown diamonds and natural diamonds are indistinguishable. They have the same hardness level and durability. The Gemological Institute of America (GIA) has been grading lab grown diamonds since 2007 and recognizes them as real diamonds.
4. Grading and Certification: When purchasing a diamond, it is recommended to ask for a grading report. This applies to both lab grown and natural diamonds. GIA provides grading reports for lab grown diamonds as well, including color, clarity, and cut grading scales.
5. Ethical Considerations: Some people consider lab grown diamonds to be more ethical because they do not involve mining. However, the Kimberley Process, implemented in 2003, has successfully prevented the flow of conflict diamonds in the natural diamond industry.
Ultimately, the choice between lab grown and natural diamonds depends on your budget, your significant other's preference, and whether or not you prioritize resale value. Lab grown diamonds offer a more affordable option without compromising on visual appeal and durability.
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