Traditional jewelers of mined diamonds regularly lie to the public, claiming that there is no resale market for lab grown diamonds. This is false. Just as mined diamonds have some resale value, lab grown diamonds have a similar resale value as a portion of the original sale price.
Do Lab created diamonds depreciate?
Diamonds depreciate by about half, the minute you walk out of the jewelers. If a natural stone’s resale value is between 30-50% of its purchase price, a lab-grown diamond’s resale value is next to nothing.
Are lab diamonds decreasing in value?
Average lab-grown diamond prices are down nearly 3 percent so far this year, the platform’s data shows. Golan, too, noted that the price decline seen at the end of 2020 has continued into 2021. In the second quarter, prices were down 6 percent quarter-over-quarter and 41.1 percent year-over-year.
Why do lab created diamonds have no resale value?
Back at the Lab
Unfortunately the market for lab created diamonds just isn’t powerful or large enough yet to command similar commodity pricing, and even the retailers who will buy back used diamonds often just flat out won’t accept lab created stones.
Can I resell my lab grown diamond?
Yes, you can resell a lab grown diamond. Ada Diamonds buys independently-graded, high quality lab diamonds from the public through our Public Purchase Program. … Just as mined diamonds have some resale value, lab grown diamonds have a similar resale value as a portion of the original sale price.
Are lab created diamonds worth buying?
Lab grown diamonds are worthless
Once about 20% less than the price of natural, mined diamonds, today you can find lab diamonds for 40-50% less. … But seriously, while the diamond market is relatively stable, unless you’re buying investment-grade fancy color diamonds, no diamond is an investment.
Can a jeweler tell if a diamond is lab grown?
Can a Jeweler Tell That a Diamond is Lab Grown? No. Ada’s lab diamonds and natural diamonds of the same quality look the same, even to a trained eye. Traditional jewelers’ tools such as microscopes or loupes cannot detect the difference between a laboratory-grown diamond and a natural, mined diamond.
Are lab diamonds tacky?
Lie #2: Lab Created Diamonds are Tacky
You have to make them feel that the other product just isn’t cool—in fact, it’s ‘tacky’. … There’s absolutely nothing tacky about saving 50% on a major purchase and ending up with a beautiful product that can’t be distinguished from the much more expensive version.