A Consumer’s Guide to Lab Grown Diamond Prices in India

Lab grown and real diamonds ideally do not possess any striking difference when examined with the naked eye, except for their origin and the price charts. While real diamonds are mined from Earth’s crust, synthetic diamonds are grown in labs from a small seed of mined diamond using artificial techniques.

Similarly, real diamonds are one of the costliest gems, owing to the shorter supply chain and high demand, while synthetic diamonds are somewhat less pricier.

Therefore, if you had to buy this bright, sparkling gem, choosing the lab grown ones would be most feasible as they resemble the real diamonds in every sense.

But the main question is whether these lab-grown diamonds are priced appropriately so that they wouldn’t lose their value in the coming years.

To answer this question, we have curated a complete guide to help you understand the lab grown diamond price chart, factors influencing the price rate, and many other relevant facts.

Factors that influence the market of lab grown diamond prices

Size and weight: The first factor influencing the lab grown diamond price in the Indian market is the size or weight of the gem. The higher the carat weight, more will be the price and vice versa.

For instance, a 0.25 carat lab grown diamond will cost approximately INR 20,000, while a 1 carat diamond will be priced at INR 90,000 at the least.

So, while choosing the lab grown diamond, be very specific about the carat weight and the size of the gem to ensure your budget estimate won’t have too much variation with the actual price. 

Quality grade: This factor defines the quality of the chosen lab grown diamond, including aspects like colour, surface blemishes, inclusions, and so on.

If you choose a diamond of D colour grade and almost no inclusions, its cost will automatically skyrocket when compared to a Z-grade diamond having slight inclusions, which aren’t quite visible to the naked eye.

So, ensure to clarify the quality grade before you buy lab grown diamonds in India.

Cut and shape: Both the cuts and shapes influence the lab grown diamond price by a significant amount. Round, brilliant cut gems are priced at the topmost tier, followed by princess cut, cushion cut, and oval cut.

This is because these cuts are supposedly known to enhance the brilliance and shine of the diamonds by increasing the refractive index of each surface and ensuring the gems can reflect more light. 

Clarity: Another factor influencing the lab grown diamond price in India is the clarity. It is defined by the presence of any blemish or inclusion in the concerned gem piece. During the synthesis of lab grown diamonds, inclusions are often seen in the crude piece due to the chemicals used.

However, upon polishing and cutting, they become negligible to the naked eye.

Diamonds with extremely high clarity will have almost no inclusion, even under 10x magnification. Therefore, their price rates will automatically increase.

Supply and demand cycle: One of the key factors influencing the lab grown diamond price in India is the supply and demand cycle. With more people opting for this cheaper and sustainable alternative to real diamonds, the demand has gone up by several notches in recent years.

If at a certain point, the supply of the gems fails to meet the demand within the stipulated time, the gems’ price is bound to skyrocket.

So, to maintain the affordability meter, manufacturers will have to amp up their production cycle and manufacture more products without compromising the quality of the lab grown diamond jewellery pieces.

Why lab grown diamonds cheaper than real diamonds?

Firstly, let us understand the reasons why lab grown diamond jewellery is considered a cheaper alternative to the real gems. Unlike the diamonds found in nature, deeply embedded in the earth’s crust, lab grown diamonds are synthesised in the laboratories under special circumstances.

Since the artificial diamonds are also composed of nothing but carbon atoms with strong bonds existing between them to form the tetrahedron crystal lattice, they resemble the real diamonds in terms of physical and chemical properties.

However, the supply chain and demand for lab grown diamonds are in perfect balance, ensuring the end users won’t have to suffer from supply shortages. Due to this, the lab grown diamond price is significantly reduced when compared to the real diamonds, as the latter is scarcely available in nature and hard to mine.

Despite being cheaper, these diamonds do not lose their value and are still considered as precious, just like natural diamonds. Therefore, you won’t have to worry about the diamond rings for women losing their monetary value over time.

What considerations should you make to choose the best lab grown diamond?

It would be best to decide on a budget before you buy the diamond jewellery gifts from your chosen store. To do so, consider these key facts without fail.

• Decide the 4Cs while estimating the budget for lab grown diamond price. These will include the colour grade, clarity, cut, and the carat weight.
• Consult with a professional about the monetary value of the lab grown diamonds before making your purchase.
• Ensure to choose a store that sells only certified lab grown diamonds, like AYAANI.

Conclusion

Since now you have a brief idea about the major factors influencing the lab grown diamond price in India, drawing the estimate won’t be a hassle anymore. There won’t be much difference in the physical and chemical properties of the real and synthetic diamonds, which is why you won’t have to be concerned about the latter’s monetary value in the coming years.