Lab grown diamonds and natural diamonds are often compared due to their differences in origin, but an important aspect to consider is their price. Because natural diamonds have lot of processes to undergo from mining to getting the end product which contributes to its large price range. On the other hand, lab grown diamonds have a reasonable price point. Therefore, in this article will explore the factors that influence the pricing of both types of diamonds and provide a detailed comparison.

Factors Contributing to the Prices of Lab Grown Diamonds and Natural Diamonds

Production Costs and Market Prices

One of the primary reasons lab grown diamonds are less expensive than natural diamonds is the difference in production costs. Natural diamonds are mined from the earth, a process that involves significant labor, machinery, and environmental impact. The rarity and the complex extraction process add to the cost.

In contrast, lab grown diamonds are produced using methods like High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD). These methods, although technologically advanced, allow for greater control and efficiency, reducing the overall cost. As a result, lab grown diamonds are typically 20-40% cheaper than their natural counterparts of similar size and quality.

Quality Factor

The cut, color, clarity, and carat can contribute to the prices of these diamonds.

  • The cut of a diamond affects its brilliance. Both lab grown and natural diamonds can be cut to the same standards, making this factor relatively equal in pricing comparisons.
  • Lab grown diamonds can be produced in a variety of colors, some of which are rare in natural diamonds. However, when comparing diamonds of the same color grade, lab grown diamonds remain less expensive. Therefore, you can get the best lab grown diamonds at an affordable rate.
  • The clarity of a diamond refers to the presence of inclusions or blemishes. Lab grown diamonds tend to have fewer inclusions than natural diamonds, often resulting in higher clarity grades. Despite this, they are still priced lower than natural diamonds with similar clarity.
  • Larger diamonds are rarer and therefore more expensive. This principle applies to both lab grown and natural diamonds. However, for a given carat weight, lab grown diamonds will still be more affordable.

Market Trends and Consumer Preferences

The market for lab grown diamonds has grown significantly over the past few years. Advances in technology have improved the quality and availability of lab grown diamonds, making them a popular choice among consumers looking for affordable, high-quality diamonds. This increased demand has also influenced the pricing dynamics, making lab grown diamonds more competitively priced.

Natural diamonds, on the other hand, have a longstanding history and cultural significance that often make them more desirable for traditional consumers. The rarity and natural origin of these diamonds contribute to their higher market value.


Lab Grown diamonds are comparatively cheaper and have many options to choose from with respect to natural diamonds. So, the next time you want to buy some diamonds, choose lab grown diamonds from Promise Jewelry.