Starting the engagement ring shopping journey is always an exciting time. However, one part that can feel less exciting is when the budget conversation comes up. Depending on the answer, compromises may have to be made on that dream ring.
Fortunately, the way we shop for engagement rings is evolving, and compromises are no longer a necessity. One of the biggest changes is the growing popularity of lab-grown diamonds. The question, “Are you looking for a lab-grown or a naturally mined diamond?” has become a game-changer—often eliminating the need to sacrifice quality, size, or style. Lab-grown diamonds have truly taken the jewelry industry by storm.
Every couple’s love story is unique, which is why the decision between a natural or lab-grown diamond is deeply personal. Still, there are three key factors to keep in mind when making this choice:
- Price
Price is often the most significant factor in ring shopping. Traditionally, the rule of thumb was to spend about two months’ salary on an engagement ring, though that standard has become more flexible today.
For example, a 2-carat natural diamond ring could cost $20,000 to $30,000 or more depending on quality. However, with a lab-grown diamond, you could get a similar ring for as little as $3,000–$7,000.
It’s important to assess your financial situation as a couple and decide how best to use your budget to build your dream ring—without unnecessary financial stress.
- Investment Value & Sentimentality
Many see an engagement ring not just as a romantic symbol, but also as a long-term keepsake or family heirloom. Natural diamonds are often viewed this way—symbols of love and legacy passed down through generations.
That said, it’s important to note that in today’s market, natural diamonds have seen a drop in resale value, partly due to the increasing popularity and availability of lab-grown diamonds. Lab-grown diamonds, while identical in appearance and structure, currently have little to no resale value.
There’s also the sentimental value tied to natural diamonds—formed over billions of years deep within the Earth, they are traditionally seen as powerful representations of enduring love.
- Origin & Sustainability
After price, one of the biggest reasons couples choose lab-grown diamonds is the transparency and ethics behind how they’re made.
While many mined diamond companies now emphasize responsible sourcing, including certifications like the Kimberley Process, concerns still exist about the environmental and human impact of mining practices in certain regions.
Lab-grown diamonds, on the other hand, are created in controlled environments with significantly lower environmental impact and greater traceability. Many couples feel peace of mind knowing exactly where and how their diamond was made.
No matter what choice a couple makes, the most important thing is that it’s the right one for you, your values, and your budget.
An engagement ring is a meaningful, lasting purchase—make it an informed one.