Navigating the Lab-Grown Diamond Decision
"In the left corner, we have the natural diamond, the heavyweight champion of romance for centuries. And in the right corner, the lab-grown diamond, the new kid on the block that's shaking things up."
Lab Grown Diamond Choice
Lab-grown diamonds are a burgeoning trend in the jewellery industry, representing a remarkable technological advancement. They replicate the natural process that occurs over billions of years in just days or weeks. Chemically identical to natural diamonds, they differ significantly in one crucial aspect: while natural diamonds are rare and finite, with a dwindling supply, lab-grown diamonds are produced infinitely in factories through continually evolving technology. This has the potential to make them commonplace beyond the realm of precious jewellery.
Choosing lab-grown diamonds is an increasingly popular option for those seeking intricate designs or larger centre stones, as they offer greater budget flexibility. However, it's important to acknowledge a potential downside—we anticipate a depreciation in value over time, contrary to the historical trend observed with natural diamonds.
Since introducing lab-grown diamonds in 2023, approximately 50% of our engagement clients have opted for them. Over the past one to two years, there has been a notable shift towards lab-grown diamonds, with numerous new factories coming online to meet the rising demand.
Natural diamonds, as we refer to them "freaks of nature," were formed over a billion years ago in the earth's depths. They have remained cherished throughout history for their rarity and value, boasting a unique connection to the ancient past and the cosmos. All our diamonds are ethically sourced through certified suppliers, we are also working hard on our sustainability approach to reduce and offset carbon of these precious gems.Â
The future of lab-grown diamonds prompts reflection on historical precedents. While they are not entirely novel—stimulant versions of gems like Sapphire and Ruby have existed for some time—the initial excitement and pricing parity with mined counterparts have waned over time. Similarly, cubic zirconia (CZ), once mistaken for diamonds, experienced a similar trajectory, initially commanding high prices before becoming widely accessible at minimal cost. This historical context suggests a potential trajectory for lab-grown diamonds, underscoring the need for careful consideration and awareness of market dynamics.
Our Advice
At Naveya & Sloane, we firmly believe that the choice between natural and lab-grown diamonds is a deeply personal one, and there's no one-size-fits-all answer. Our ethos centres around empowering our clients to make informed decisions that align with their values, preferences, and budget. Whether you're drawn to the timeless allure of natural diamonds or intrigued by the technological innovation behind lab-grown diamonds, we're here to offer guidance and support every step of the way. There's no right or wrong choice—it's all about what feels right for you. Our team can provide the expertise and insights you need to make the best decision for your unique journey in crafting your perfect piece of jewellery.
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Design at the heart
Design and craftsmanship lie at the heart of what we do at Naveya & Sloane. Whether you opt for a natural or lab-grown diamond, it will be showcased within one of our world-class signature designs or custom pieces, meticulously crafted by our expert artisans. We aim to collaborate with you in creating the most meaningful piece—one that can be worn with pride today and cherished for generations to come. We believe that the key to this process is ensuring that you fully understand both options and select what resonates best with you. Regardless of your choice, when you work with us, we guarantee that your piece will be something to be treasured.
