Lab-grown diamonds are gaining popularity because they are cheaper than natural diamonds, experts say.

 

 

Lab-grown diamonds are gaining popularity because they are cheaper than natural diamonds, experts say. However, experts say that there is a huge difference in the price of such lab-grown diamonds and caution should be exercised when buying. The report was released by CBC News.

To check the difference in the price of lab-grown diamonds, CBC purchased two identical diamonds through the online marketplace. Both stones were of the same size, color and quality. The diamond purchased from a company called 'Blue Nile' cost about $1,639 including tax. However, the same quality diamond purchased from 'Alibaba' cost only $229. Experts certified that both diamonds are the same in quality.

Experts estimate that each stone could be worth between $900 and $1,900. Such a large price difference suggests that some dealers are charging too much. Observers warn that this could affect the credibility of the lab-grown diamond market. Dealers argue that their brand value and quality testing methods are the reason for the high prices. Experts advise consumers to check the market and accurately determine the value when buying diamonds. As production costs decrease, lab-grown diamonds are likely to fall further in the future.