Tuesday, 20 March 2018

Truth About Synthetic Diamonds

Heavily touted as an eco-friendly alternative to natural diamonds, lab-grown diamonds or synthetic diamonds are gaining in popularity. They look identical to natural diamonds, and, according to manufacturers, are 30-40% cheaper than their naturally mined counterparts. Independent research says there's a catch: They're not cheaper at all. On average, synthetic diamonds are actually about 20% more expensive than comparable natural diamonds.

Companies selling lab-created diamonds are using looser grading-the International Gemological Institute-that gives higher grades than the Gemological Institute of America (GIA). When you compare apples to apples, they're actually more expensive.
Synthetic diamonds have little to no resale value. No jeweler will buy them back. From a value perspective, you would need to buy the lab-created diamond at a large discount to justify giving up the value retention of natural diamonds.