Due to the options given by researchers in lab-created diamonds, diamond searchers no longer have the requirement for sourcing precious stones.
At the point when lab-grown diamonds were first made, the flexibly and request were low as a result of its fundamental application for modern use. After the 1980s, diamonds with the quality of gems turned out to be increasingly accessible for business use.
The interest for man-made diamonds expanded and had more individuals thinking about whether these jewels were, in reality, genuine. The appropriate response is, lab-created diamonds are synthetically, optically, and physically indistinguishable from earth-mined or natural diamonds.
When you are in a court of law, you are charged for the murder of your friend, you haven’t been charged guilty, but the lawyer arguing against you asks, “did you kill your friend because you are jealous of his wealth?” this question has no yes or no answer because any answer you say will still mean you killed your friend.
If you say no, it would translate to “No, I didn’t kill my friend because I was jealous of his wealth,” which will further prompt the opposing lawyer to ask you, “Then why did you kill your friend?” We are not here to discuss law, are we? Not! But, this is just the case when you are asked, “Are lab-grown diamonds worth less than natural diamonds?” this is also a dicey question.
Okay, maybe not as tricky as the law question I asked, but it has its share of trick in it.
Value for money
Let me make it clearer if you get a wristwatch for $10, and you use it for two years while a $200 wristwatch can effectively work for ten years. How would you define their worth? The pessimist will tell you, “No! A lab-grown diamond has no worth, no resale value,” but on the other way round, it is good value for money.
The lab-grown diamond is quite cheaper than the natural diamond, no doubt! It also doesn’t have good resale value, but it also represents good value for money.
Diamonds are not investments
Let’s also get one thing clear in all of this, diamonds should not be seen as an investment so much that what you are looking at is the resale value, it shouldn’t also be hoarded as precious as they are. It is just like the beautiful flower on a tree, if kept too long on the tree, it would still wither and die, the same was it would die when you pluck it and use it to beautify your house.
In the case of the flower, you just have to pluck it when it is ripe, and that is the same with diamonds.
You shouldn’t go storing your diamonds in a storehouse, thinking you will gain some money on top of it. The issue with several pessimists who advises against lab-grown diamonds is that they do not see it from the side that diamonds are not supposed to be investments.
It is identical
When Paul Walker of blessed memory died, many fans of fast and furious feared for the worst on what would become of his role and how the movie would be completed seeing that he started the movie and erasing his character would spoil the flow of the movie.
Guess what? The outstanding crew of fast and furious, as much as his loss was a big blow to their production, we’re able to get someone identical to Paul, who did just as fine in the remaining parts of the movie.
As has been discussed, times and times again, the lab-grown diamond is very identical to the naturally grown diamonds, and thus even when you feel hard done by not having much cash in your hands. What you need at that time is not whether it has a resale price or not, what you need at that time is, does it look like the more expensive one? Can it do the same thing the natural one can do? If yes, what more worth do you want from the commodity that you don’t already have?
Well, those are just about the good news about the worth of lab-grown diamonds. The good news should always come before the not so good news, don’t you think? Well, it isn’t that it is bad just that there are a few negatives to the worth of lab-grown diamonds, especially when comparing them to the natural ones.
Okay, to be frank, so many people will tell you that the lab-grown diamonds are not worth the money and well like we said earlier they are neither wrong nor right; that is just the way they felt, but when many people tell you such stuff, you need to take it seriously because there is some truth in it. Okay, let us analyze it this way.
For example, there is this stunning, shinning, glittering 1.21ct diamond that was discovered. It had a fantastic value at the worth of $7,220. This diamond was taken to some organizations that buy diamonds from people or companies on how much they valued it and were willing to pay for it.
They fell in love with it at first sight and were willing to offer up to the sum of $3,820 for it, which makes about 53% of the first price. On the off chance that diamond prices increase as they most times do, the worth will only increase.
Regardless of the market value of a synthetic diamond, lab-grown diamonds do not have any resale value. Try out a 1.21ct lab-grown diamond that has been discovered, which is good-looking, sparkling, and beautiful, yet no jewelry maker will repurchase it.
On the off main chance that you are attempting to sell the lab-grown diamond on eBay, you can get the pennies on the dollar for it. Along these lines, from the viewpoint of how much it is worth, you have got to purchase synthetic diamonds at a huge discount to justify surrendering the worth maintenance of natural diamonds.
From one perspective, you’ll check out the resale value of natural diamonds and discover that you will lose roughly 50% of its value almost immediately after buying it as we highlighted earlier, but a lab-created diamond will lose every last bit of its value. Be that as it may, a lab-created diamond will start by being at least half as expensive as a comparable natural diamond.
At the moment, the lab-created diamonds account for about 2-3% of the market for diamond engagement rings. While Earth-mined diamonds are still the traditional choice for diamond engagement rings, lab-grown diamonds provide a cost-effective alternative to its natural counterpart.