Do Lab Grown Diamonds Have Resale Value?

Sustainable Diamonds
Sustainable Diamonds
Lab Grown Diamonds
Lab Grown Diamonds

As the popularity of lab grown diamonds has increased tremendously, a lot of people now prefer these stones instead of mined ones. However, lab-created diamonds are comparatively new in the diamond industry, hence, people have a lot of misconceptions about these stones.

Additionally, jewelers who sell only traditional diamonds further confuse people by saying that this synthetic version of diamonds has no resale value. But this claim is far from the truth. Just like natural diamonds, lab-made diamonds also have a resale value. Even though their value might be less than the natural ones because of a number of reasons, they are not inferior to mined diamonds in any way.

Therefore, if you are hesitant to get lab grown diamonds fearing that they have no resale value, then the following are some of the important things you have to know about these stones.

Resale Value Of Diamonds

If you are buying diamonds or diamond jewelry to sell them later, then lab grown diamonds might not be a better idea, as the value of these stones can reduce significantly over time irrespective of their origin. So whether you have a natural or artificial diamond, it won’t get the current market value of new diamonds. After all, why would a jeweler buy old diamonds from you for the market price when they can get similar stones for much lower rates from a wholesaler? Hence, don’t expect a higher price for your natural or lab-grown diamonds than their original value unless the diamond is rare.

Why Lab Grown Diamonds Have Less Resale Value Than Mined Ones?

Engagement Rings
Engagement Rings

Mined diamonds come from the earth and they are very rare considering the fact that they form over billions of years. So there is only a limited supply of these stones which makes them special.

On the other hand, lab-created diamonds are sustainable and can be produced at will. Hence, they are not rare when compared to natural stones. These stones can also be produced over a few weeks. All these facts cause your lab-grown diamond to have less resale value when compared to natural ones.

Can You Sell Your Lab Grown Diamonds?

Yes. Lab grown diamonds can be sold for a price that is lower than their current market value. But the amount you get can be dependent on the jeweler you choose. Therefore, consult different jewelers before selling your lab-grown diamonds.

But if the price offered by the jewelers is very low, then you can choose to make your stones a family heirloom that can be used in engagement rings or wedding bands, so that they will be cherished forever.

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