“We are here to answer all your questions and queries regarding Laboratory Grown Diamonds and everything in-between.”
We accept all major credit cards as well as direct deposit.
Afterpay is available for purchases up to $2000.
We also offer a payment plan with an upfront deposit of 20 % then two further instalments paid over two months.
Are Lab Grown Diamonds Real Diamonds?
Yes! Put simply, they have the same physical, chemical and optical properties as Mined diamonds. Lab diamonds are not fakes.
How are Lab Grown Diamonds Grown?
By recreating the conditions in the Earths crust that result in diamond growth: pressure, heat, & carbon.
There are two methods of growing diamonds:
1. High Pressure-High Temperature (HPHT)
2. Chemical Vapor Deposition (CVD)
Each process is suited for certain sizes and colours of diamonds.
Why are Lab Grown Diamonds cheaper than mined diamonds?
Lab Grown Diamonds are around 40% of their natural counterparts. Like mined diamonds they are priced based on their carat size and quality. Lab Diamonds are priced cheaper because they are simply cheaper to produce. There are not the same costs associated with the mining of diamonds, many people, equipment needed and the time it takes. In saying this, the laboratories are expensive to set up and there are the costs of running them. Mined diamonds are also more expensive due to their rarity.
Will Lab Diamonds hold their value?
This is a great question and one we are often asked. My first question is always to ask the customer if they are asking for resale value. The truth is that diamond either mined or lab grown will not increase in value over time in line with inflation and shouldnt be considered in terms of investment. There are many places that will buy back your diamond and yes there is a market for resale for both mined and lab and they are very much the same.
For example – If I were to spend $10,000 on a 1ct mined diamond in a retail store then down the track wanted to on sell the diamond I would be approaching retail outlets that say they buy back diamonds. Yes they do but at 1/3 of the price you paid for it. Why? Because the retailer then has to sell it back to the wholesaler who then will need to sell it on to another retailer and make a mark up on it. Everyone along the way will want to make their share of profit out of your diamond so you will only be left with 1/3 of its original value. This is the exact same with a lab diamond. Yes you may have only paid $5000 for a 1ct lab diamond and take it back to where you bought it from they will buy it back for around 1/2 of what you paid for it. Regardless, on selling diamonds is not a good investment. They are not a traded commodity like gold so there is not a strong market for resale.
When buying an engagement ring, it should not be about future value of the diamond, its about the size, quality and value at the time and most importantly if the wearer loves it.
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