This has given him a unique perspective on what information truly helps our readers in their quest for finding the perfect diamond engagement ring or piece of jewelry. Mike Fried has written hundreds of articles and helped answer more than 30,000 emails from our readers. Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. To help you with the diamond buying process we lean on our expertise and experience.
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You can also check our other recommended vendors in this article, including Blue Nile.įor help with navigating the diamond buying minefield, feel free to contact us for personal help. They offer a beautiful collection of IGI certified lab-created diamonds. If you decide to go the lab-created route, we recommend James Allen. The large percentage of diamond mining in the world is legitimate and actually improves the quality of life in the surrounding communities. In reality, there’s a small percentage of mining operations that exploit individuals and communities.
Others believe that lab-created diamonds are more ethical. However, the amount of energy expended to grow and compress the carbon for lab-created stones is extensive. Some people still might lean toward a lab-created stone because they feel it’s better for the environment. Your long term value will be better with a natural diamond, but your immediate visual bang for your buck will be better with a lab-created diamond. In fact, the price of lab-created diamonds have plummeted in the last few years, and we expect that trend to continue. While they look beautiful and mimic real diamonds, there is no inherent value to them. In general, though, we are a little hesitant about buying a lab-created diamond. You can usually find a diamond in the G to I range that looks white but costs much less than those in the D to F range. As with natural diamond color, we suggest finding a lab-created diamond that appears white in relation to its setting.
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