If you are considering buying a pink diamond—whether as part of a pink diamond ring, other luxury jewellery, or simply on its own—you are embarking on a journey for something exquisite. When seeking a pink diamond, you’ll have to decide which type suits your or your loved one’s tastes, while ensuring you buy a diamond of quality.
In the contemporary pink diamond market, lab-grown diamonds have gained in popularity in recent years, but are they worth it? We have harnessed the knowledge of our top jewellers to bring you this comprehensive guide on whether or not the value of a lab-grown diamond can be compared to that of an authentic stone.
Pink diamonds can be created in a laboratory in such a way as to produce stones which span the entire pink diamond colour chart. As a result, colours which occur less naturally in stones mined from the ground can be created synthetically. This means lab diamonds have a cheaper retail price than an authentic stone–this lower starting price causes the longer-term value of these diamonds to decrease.
Does diamond jewellery appreciate if the diamond is lab-grown? Not only is the diamond cheaper at the point of sale, but as more consumers are attracted to this area of the market, lab diamond prices will further subdue, meaning their value is unlikely to hold long term. If long term investment is one of your aims, we don’t see lab diamonds as having a strong future.
Lab-grown diamonds undergo different processes according to differing laboratory infrastructure, but the most common process in modern production of synthetic diamonds is chemical vapour deposition (CVD). Developments in chemical vapour deposition technologies have allowed large-scale lab production of diamonds to flourish, but it comes with a price. In simple terms, this method ‘grows’ the stone, and this process requires extreme amounts of pressure and electrical input over extended periods of time. Because of this, it’s estimated each lab diamond is responsible for three times as much harmful greenhouse gas as a diamond that is mined.
A Proliferation of Fake Traders
With the increase in popularity of the lab-created diamond market, stories are emerging of people who’ve been victim to dishonest diamond traders selling lab-produced diamonds as mined diamonds. Be careful when making a purchase to ensure your pink diamond is genuine, as there are, unfortunately, a number of scammers who will be happy to take your money for a lab-grown diamond when you think you’re paying for a natural one.
Lab-created pink diamonds are more affordable, but for the reasons listed above, they simply cannot compare to a true, authentic pink diamond in terms of quality and value. All diamonds sourced and sold by Holloway Diamonds are 100% natural, so you can rest assured you’re getting the best, most natural diamond for your money, every time. Check out our catalogue of natural diamonds, or give us a call to start the process of creating your very own custom-made natural diamond jewellery today!