Lab Grown Diamonds Just Hit a Price Drop - Here’s What It Means For You
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If you’ve been thinking about a lab grown diamond, 2025 brings good news: prices are lower than ever.
Industry data shows that lab grown diamonds are now, on average, 60% less expensive than equivalent natural diamonds — and in some cases, have dropped over 70% since 2020. This isn’t a small shift; it’s a market change that could completely reshape your engagement ring budget.
Why Are Lab Grown Diamond Prices Dropping?
1. More supply
Advances in diamond-growing technology mean more stones can be produced faster, with greater efficiency.
2. More competition
As more jewellers and brands enter the lab grown market, pricing has become increasingly competitive, particularly in areas with a high retailer density (e.g. Hatton Garden, 47th Street etc).
3. Mainstream demand
Lab grown diamonds have moved from niche to mainstream, meaning production runs at a scale that lowers costs further.
What This Means for Your Engagement Ring Budget
A lower price doesn’t mean lower quality. Lab grown diamonds are physically, chemically, and optically identical to natural diamonds - the difference is their origin.
For many buyers, this means you can:
- Upgrade the size - afford a larger carat weight for the same budget
- Choose higher specifications - improve colour, clarity, or cut without breaking the bank
- Invest in your setting - put more of your budget into design details, additional stones, higher gold fineness...
Lab vs Natural: Points to Consider
- Resale value - natural diamonds tend to hold more resale value, whereas the resale value of lab growns is unknown/cannot be determined in the future
- Budget flexibility - the price difference can be significant, especially in higher carat weights
- Bespoke - choose your exact diamond, setting style, metal, and finishings - creating something unique that still delivers exceptional value
Should You Buy Now or Wait?
While prices have been trending down, the real deciding factor should be the finding the right size, shape, and specification of your perfect stone. It’s often wise to secure it rather than wait for a marginal drop - especially if you have a set proposal date!
Ready to Explore Your Options?
Book a free design chat with me or browse TJC's lab grown diamonds to see what’s possible for your budget.