07 January 2024

Getting engaged? Amid lab-grown diamond boom, here’s what to know about man-made vs. natural gems

By Fzami Diamonds, United Arab Emirates

KEY POINTS

Global sales for lab-grown diamonds increased to $12 billion in 2022, up 38% year over year, per an analysis by New York-based Paul Zimnisky, a diamond industry analyst.

Jewelry shoppers increasingly have opted for these machine-made gems over mined diamonds because they are visibly and chemically identical - but cost far less. 

However, as lab diamond prices continue to fall, their value will not hold up as well long term as a natural diamond.

If your partner got down on one knee and asked you to marry them today, would you say yes? What if you found out the ring destined for your finger boasts a lab-grown diamond?

The chances of that engagement ring bearing a man-made diamond are higher than you might think.

Global sales for lab-grown diamonds increased to $12 billion in 2022, up 38% year over year, per an analysis by New York-based Paul Zimnisky, a financial and diamond industry analyst.