As far as the process is concerned, a lab-grown diamond takes about 6 to 12 weeks to grow appropriately.
Value of lab-grown diamonds
Lab-grown diamonds have exact specifications as the mined diamonds are around 20-30 percent less cheap than the mined diamonds. Further, if you are purchasing larger-sized diamonds, the savings can go upto 40 to 50 percent.
Moreover, just as the price of the natural diamond fluctuates, the cost of the lab-created diamonds fluctuates too. And the fluctuation is at a great level. So let's understand the factors that can impact the price of lab-grown diamonds. Moreover, this fluctuation in the cost of the lab-grown diamond can be as lesser as $1,600 for 1.02 carat. However, the value of such diamonds can go as higher as $61,888 for 6.36 carat.
Shape
First and foremost the shape, the most popular diamond shape is round and the most expensive. Further, this is because round-cut diamonds have a brilliant sheen, and they sparkle the most. After round comes Oval cuts and Asscher cuts, these three are the most expensive.
Cut of the diamond
A cut of the diamond impacts the beauty of the diamond more than anything else. An excellent cut diamond will be more expensive and stunning than a perfect diamond. Weight/ carat of the diamonds
Carat of the diamond
The weight, i.e., the carat of the diamond-like 1 or 2, will affect the price. The heavier the stone, the costlier it will be.
Colour of the diamond.
The color of the diamond plays a significant role in its cost. The diamonds created in Labs have a grading by the IGI and are done on a scale of D to Z. the D diamond is colorless, whereas the Z diamond has a yellow to a brown tint.
The better color diamonds are always going to be expensive, even though the color isn't noticeable. Moreover, this is also why many jewelers suggest looking for a diamond in the range of G-J because they have a colorless look and are way cheaper than the D, E, F.
Clarity of the diamond.
The clarity of the diamond means how clean the diamond is, and it doesn't have blemishes of inclusion. However, a diamond that has no inclusion will be far more expensive than diamonds with noticeable imperfections.
Further, experts suggest you look for diamonds that are VS1 and VS2 because they are super clean and are less expensive than FL or VVS diamonds.