Are Lab Grown Diamonds WORTH IT in 2023?? 💎 (UPDATED)
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- čas přidán 2. 06. 2024
- Are Lab Grown Diamonds worth it? Should you buy a Lab Diamond Engagement Ring? Are you wondering if lab grown diamonds are right for you?
If these are questions on your mind about diamonds, we've got you covered. This is the Ultimate guide.
This video will break down everything you need to know about buying a lab grown diamond ring. From lab grown diamonds how they are made, to why they might be a better choice than natural diamonds.
We'll also do a comparison of a 2ct natural diamond and a 2ct lab grown diamond at the end of the video!
Timestamps:
0:00 - Intro
0:43 - What Are Lab Diamonds?
1:02 - What Are The Main Properties?
1:51 - Price
4:09 - Stone Comparison
4:50 - How To Tell Them Apart?
5: 36 - Sustainability
6:09 - Outro
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I have both and will never spend the money for natural diamonds again. Try selling your natural diamonds and you will see they are worth half (maybe) what you buy them for.
What??? You are so wrong. Natural diamonds sell for way more. False advertising you are selling. Lab/ synthetic. No thanks
@@conormason8989 no sir, you are incorrect. These are not synthetics. These are real and there is no reason to spend more than you need to for the same product.
@@conormason8989you’re so wrong bro. Just say you’ve never bought jewelry before. Go take a diamond chain to a jeweler. They will offer you half of what you paid for it.
She even says it in the video 😭
@@Chebito710 haha u missed my point. Your an idiot.
The fact that resale value on even mined diamonds are so low ought to make you suspicious about why that's the case, and the moment you look into it, you start to realize certain companies have hoarded the supply in order to manipulate the market and keep prices artificially inflated, has nothing to do with your Diamonds being 50 percent less valuable, they haven't lost half of their value, the Diamond companies hoard supply in order to artificially inflate the price. Your Diamond was ALWAYS worth about what they'll pay you for it on resale.
Convinced! I chose a lab grown diamond. It felt silly not to. Loooove this video. Well done! You covered a lot.
i am a jeweller in singapore . i am trying to offload my naturals at cost price ...but 90% of time still lose to a lab grown . when clients see what they pay for a 0.5ct and yet can get a 1ct lab , they always choose lab . there is a war between lab & natural cutters going on . try doing this experiment ....when a seller rejects or admonishes u for looking for lab , walk away ....you know what happens ? he may follow u from behind and say ...excuse me sir , i also have lab . ( quietly ) . this happened to me alot of times at the Diamond fairs in thailand and hongkong . haha ....
Are lab diamonds harder to sell on though do the drop massively in. Value
That is interesting. Most American women won't accept lab for wedding rings.
@@toomanymarys7355 Too Bad Mary you wont understand becos you are not in the business , all i can do to show you the truth is this latest article from the israeli diamond industry , i copied exactly > " According to Edahn Golan, overall jewelry and diamond unit sales fell 5.1% in July, after falling 2.8% in June. The combined value of jewelry and diamond sales fell 10.8% year-on-year in July, “adding to the 8.7% decline in June,” says the analyst. Meanwhile, sales of loose lab-grown diamonds (LGDs) “gained a 50% share of units sold.” so incase you dont know what all these means ? basically Lab diamonds has gained a 50% share of the market in terms of certified loose stones . Its very serious becos it was 25-30% only last year . This Trajectory is very concerning . Its like how Americans do not actually understand their country is declining or that the G7 is already losing to the BRICS . Yes this is the New World Order . Diamonds included .
It’s shocking how so many people will defend natural diamond when lab grown are the same if not better also the natural diamond industry is extremely shady in there practices of mining diamonds
@@Benm8_ Exactly ...you see this jeweller touting his diamonds with type2A as the 2% rarest .....well i got news for you . All CVD lab diamonds use Type2A diamond seed . haha .....
Easily the best video on CZcams about this subject.
As a jewelry sales person. I love the information in this video.
Not a lot of channels have the courage to talk about the market manipulation. The cost of mined diamonds is driven up by marketing and market manipulation. With a lab created diamond you will have a beautiful forever diamond for the fraction of the cost and no guilt.
why guilt ?
This video definitely has some key info. Thanks
Awsome intel!!👍
Very clear, frank and objective presentation. Thank you very much.
Very insightful
Thanks Josh!
This video is everything! Thank you!
I also have worked in the Jewelry Industry and all these points are so important to tell clients!
Thank you!!
Thank you for the "clarity" lol. Great video.
Jewelers are establishing their prices for Lab Grown Diamonds at 60% of the value of a Natural Diamond.
Customers are willing to spend over $10,000 on a large LGD.
Large budgets need protection, from loss. Insurance companies sell policies, but they determine how much to pay on a claim, by verifying the stone’s replacement value (at the time of the claim). Insurance companies only pay 1/8th of the policy value for a lost stone (LGD) and 70% of the setting’s value, so get a detailed breakdown of the cost of the CAD design, the wax moldings, the materials, and the labor on your receipt.
Without a detailed LGD receipt, a $9,000 ring might bring a claim check of $850.
I love your videos! Super informative and engaging!
Thanks so much!
So agreed with you on everything!
Love video! Do you know where I can create a lab diamond pendant or chain!
Send our sales team a message! We may be able to help you out 😀
Watch Debeers buy out all the machines so they can jack these prices up also just as they did with natural labs.
LOL I believe you're over thinking this. De Beers will never be able to buy all the machines even if they wanted to plus their making their own labs already anyway.
Well done.
I plan on passing down my jewelry to my children and it gives me a little peace of mind knowing if they are ever in a financial bind they’ll have a little something of value when I’m no longer on this planet.
Thanks for the info. What is the name of the tool you used to verify the diamond stone?
I have both - each in a ring that I wear daily. To the naked eye there is no difference. I'm team lab diamonds from now on!
Save money up front-YES! My daughter will still get my gorgeous lab diamonds. Not everything is about making money. I won’t ever sell my rings!
Hi, did you have fine jewelry in USA 🇺🇸 I need to buy earrings for my first girl? Tks
Good video. One suggestion, replace the word “cheaper” with “less expensive”. Cheap refers to quality but I know you are talking about cost. The average person doesn’t want to her this diamond is cheaper than that one. That diamond is less expensive than that one. Which would you rather hear?
I think people should just go with whatever makes them happy. There’s way too much judgement on both sides. Live and let live.
What is the name of the beat in the beginning of the video?
No diamonds are worth it in 2023. But if I was to buy one, I’d buy a lab diamond. Because it’s identical to a mined diamond.
invest in natural rubies/emeralds/saphires?
Where is a good place to find quality lab diamonds?
IN YOUR HEAD!!!
I prefer buying these & so do many jewellery stores which is amazing as We're saving our planet 😀
How so? We would not be mining anymore which is good for the planet but the pollution caused by lab diamonds with green house gases is bad for the planet not to mention the energy needed to make just one lab diamond. Either way, both are not good for the planet, labs are at the end of the day just much cheaper to buy.
saving the planet haha how ? do you know how much coal they have to burn in china to keep those ''labs factories going
JAJAHAHA YOU ARE SO FUNNY. 😂😂😂
Do all lab grown diamonds come with a certificate?
CERTIFICATE FOR A FAKE DIAMONDS.?????????
@@zimmer1939 right😂
Lab diamond production is infinite, organic diamond production is finite. And, overall, be careful where you buy your jewelry, i.e., your organic diamonds.
Natural diamonds are infinite for mine and your lifetime combined
What is the carbon footprint for all the electricity that has to be used to produce a lab diamond? Are fossil fuels used to produce the most?
Not as much as driving a EV
its all from coal power in china don't be fooled by the environmental friendly claims. If its cheaper energy its a cheaper lab grown and theres no way to track or trace lab grown rough diamonds.
At the end of the day it is personal preference and nothing more. If you want natural - buy it. If you want lab - buy it. Enjoy your diamond.
making sence
Cvd lab Diamonds will always test positive. HPHT lab Diamonds will not.
My ring is not investment!
your confusing investment with value. Having Value in a item like Jewlery is different than buying as an investment. Gold, silver gemstones retain value if not go up over time if you buy wisely its not an investment as selling/buying you lose on the manufacturing costs and mark up. Lab grown diamonds have near zero value in the long run. Just like a copy of a famous painting will also have almost zero value. At the end of the day when i see rings and jewels from people who inherited them from their grandparents, they have almost always gone up in value but the jewellery that had synthetics from 1910 syn spinel for example is now worthless but the natural rubies 50x value etc. there is costume jewellery and real jewellery which holds value
I can see using lab diamond in jewelry that we use daily without any significant meaning (necklace, earrings, even wedding band..).
But an engagement ring should always use natural diamond. Even with 100% similar characteristic (which is not true atm), something existed for millions years is totally different from an object being 'grown' in the lab. Any self-respected bride should feel insulted if being proposed with a mass-produced stone.
So they are fake then if they use the two methods to identify them so why they say they're the same if they're not
They are not fake, is a test tube baby a fake human?
That machine tests fluorescence and phosphorescence caused by trace minerals in the earth that are transferred to the diamond. Lab grown diamonds don’t always have them. I’m sure that they could be added if they really wanted to in order to completely duplicate those properties.
I got both. A real natural diamond but also a lab grown “dupe” to wear on the street in the city. If somebody tries to rob me, they can have the lab grown. I’ll throw it at them and run like hell. But don’t kid yourself, they are not the same. They look pretty close but I can tell the difference. Same pave band and setting but the cost difference makes the dupe a better idea to wear in this dangerous times but I’d never give up my real ring.
U can’t tell the difference sorry
One comparison missed was that natural diamonds are hundred of millions of years old versus a few months or years for man made lab diamond diamonds.
Heres another comparison. Your natural born child vs a child born IVF, Get it? LOL.. simp
What are you trying to say?
@socalifone3044 a carbon crystal is a carbon crystal. Deebeers has sold to suckers the thought that because it's out of the ground that it is more rare. Hogwash. They hoard the diamonds to set the cost higher.
And? Diamond from the ground is the same as a diamond from the lab. Matter of fact, lab diamonds have zero inclusions. Only people here dissing labs are people such as jewelers and high retailers. The high over priced ground diamond days are numbered
@@Udansha
Based on your statement that lab diamonds have zero inclusions tells me you know nothing about what you're talking about. You've obviously never read and IGA or a GIA certificate. And to be clear I am definitely not against laboratory diamonds
Thank you for a great video. Unfortunately, I do not agree with your assertion that man made diamonds are a worthwhile investment.
They aren’t an investment. Anything that loses value after you purchase, is a liability.
@@zaksouth6025 Like cars, clothes, appliances, furniture. Actually, almost everything.
yeah ok you can lose your 70% and I will keep my cash in my pocket
Didn't she say they're not an investment?
That’s all fine and dandy till you want or need to sell it. Of course they both lose value but you will get pennies on the dollar for lab vs mined. I sold my 1.8ct vs2 K color marquise engagement ring for 6k back in the early 90s! That was a huge help for me after my divorce. If it was lab created I probably wouldn’t have been able to give it away. Moral of the story. If you’re going to get a lab grown diamond buy it used.
No can doodoo
Too much hand movements, your hands don’t stop flapping about.
You speak way too fast
Simple rich people buy natural diamonds pretenders buy lab diamonds
Really, what's the mystery of buying a lab diamond? sadly that's like buying a zirconia, no mystery, no history, no hardwork, no nothing..you can't really compare a lab grown diamond and a diamond formed over millions of years by mother earth..basic truth😊
I'm sorry but there is almost no market for a second-hand lab grown diamond. If you bought one you will be stucked with it. Ask the jeweller who sells it to you if he or she will buy it back from you should you get divorced and see what they say. Also pin down a price beforehand. Keep it real keep it natural i will not buy labgrown for my wife she deserves the best......
actually diamond isnt good investment if u try to sell it back in any case u will lose money
Look, let us assume that you have bought a 1ct diamond ring and you’ve paid about 8k dollar for it (maybe even 10k). And than you decide to sell it back to your jeweler. You will get about 60% back. That makes around $4.800. So you have lost $3.200 😅 And if you go for a lab diamond you will pay only $2000 for a 1ct ring. You can throw it in the garbage after your divorce 😂 and you will still have more money in your pocket, than after buying and selling a natural diamond! 💘
It doesn't matter..India is making good stones now for £25 half carat...it's nothing !!
All diamonds are poor investments. They are a social construct with no utility and little intrinsic value.
I want a mined stoe because God made it. Man made is a poor second. Period...
God made it possible for man to create diamonds in a lab. God is smart. 😉
@@legomandk9964hell no those are sinners
Blah blah blah --- the reality is, that if you propose this lady with a lab diamond she will say, 'no.'
Bro…..what? 😂
If she says no, then you've dodged a bullet.
@@richardp.228 Nonsense. Very pretty lady.
@@niilespunkari8832 huh, you're making no sense.
Actually my gf has told me to only get her a lab grown. Never even heard of this until a week ago.. seems a lot of girls have been doing this
So for all you Im in the biz and labs are fake... Read, get educated ...De Beers is investing $94 million in a new production facility in Portland, Ore., that will eventually produce as much as 500,000 cts. of lab-grown diamonds a year, which will translate to 200,000 cts. of polished. The stones will be polished by a “third party,” a non-sight holder in India. Hmmm? Wonder why theyre doing that? LOL
If labs were "fake" DeBeers wouldn't touch them - bad for their reputation. Think DeBeers is trying to compete with their competition.
@@lizbueding2626 exactly. That company is now in the lab industry after bad mouthing lab diamonds for 10 years
Because they understand that they can lost their leading positions on the market and their customers! If they won’t be following the growing demand for lab diamonds. We need diamonds not only for our jewelry, but also for industrial purposes.