It is observed that there are many things that are faced by the constructors of diamonds. Lab-grown synthetics diamonds are challenging natural diamonds due to their construction and their construction also defines the cost of a 1-carat diamond. In this article, we will cover two major areas of the diamond i.e. the challenges lab-grown diamonds are giving to the natural diamond industry and the cost of the 1-carat diamond. So, keep reading the article to find out interesting facts and figures.
Lab-grown diamonds challenges the natural diamond industry:
As it is observed that the lab-grown diamonds are grown easily were as the naturally grown diamond mostly came into existence after billions of years that’s why the lab-grown diamonds are threatening the natural diamond industry.
Moreover, people don’t find much difference in lab-grown diamond and due to its low price as compared to the natural diamond, it is more loved by the audience.
Lab-grown diamonds are also available in different colors and designs. Making up the user-choice designs within the range of affordability, the love for these designs is infinity from the user side.
Although some people find it threatening that lab-grown diamonds may diminish the importance of the natural diamond by reducing the market of a natural diamond. It is said that the production of the lab-grown diamond will reach 20 million carats in 2026.
About 80% of the millennials prefer lab-grown diamonds due to their vast color and design range, plus they are cheap in nature as compared to the naturally grown diamond.
The social awareness toward the lab-grown diamond is high compared to the naturally grown diamond. The current generation prefers lab-grown over natural grown and love wearing them to major events.
These are some of the major reasons that they are spoiling the industry of naturally grown diamonds and giving existence to the lab-grown diamonds.
Cost of 1 Carat Diamond:
The cost of a 1-carat diamond is known after the efforts done in making it. It is also decided that in which cut it is constructed. To get the best pricing of diamonds we looked for the James Allan jewelers that stand unique in the market in the production of diamond cutting and designing. James Allan consist of unique diamond designs so here we bring you their pricing range which is the following:
- If you are looking for a round brilliant cut diamond it will cost, you around $4,500 to $6000.
- You love the fancy shape diamond and looking for a princess or radiant cut so its 1 carat will cost you around $3000 to $ 4,500.
- If you want to invest your money in a best in diamond, then the round cut fits you perfectly as it will cost you $11,000 to $14,000.
4.            You can also invest your money in the grade range that cost
