Diamonds are known for their value and rarity, but with the introduction of lab grown diamonds, people are on the hunt to answer the question, "do lab grown diamonds have resale value?".
In this blog, we will explore the resale value of lab grown diamonds and how it compares to natural diamonds.
Understanding Resale Value:
To understand the resale value of lab grown diamonds, it's essential to understand what resale value means. Resale value refers to the amount of money you can get for your diamond if you decide to sell it. Several factors affect the resale value of lab grown diamonds, such as the quality of the diamond, its certification, and the demand in the market.
Factors Affecting the resale value of Lab Grown Diamonds:
- Market Demand: The demand for lab grown diamonds in the market is one of the main factors that can impact their resale value. As the popularity of lab grown diamonds continues to grow, the demand for them in the market is also likely to increase, which could potentially lead to higher resale values.
- Quality: The quality of the lab grown diamond is another factor that can impact its resale value. Lab Grown Diamonds that are of higher quality, with fewer inclusions and blemishes, are generally more valuable and can command higher prices in the resale market.
- Brand: The resale value of lab grown diamonds can be different according to the brand. Diamonds from well-known and respected brands may have higher resale values due to their reputation for quality and craftsmanship.
Lab Grown Diamond Brands in India:
- Rarity: The rarity of the lab grown diamond can also impact its resale value. Diamonds that are rare or unique in some way, such as those with unusual colors or shapes, may command higher prices in the resale market due to their scarcity.
- Rappaport Index: One of the key factors in determining the value of a diamond is the Rappaport price index. The Rappaport price index is a widely recognized benchmark for diamond prices and is used by many jeweler’s and dealers as a reference point for pricing diamonds.
The index is based on the current market demand for diamonds and the supply available at any given time. When the index is high, the resale value of lab grown diamonds tends to increase, and when it is low, the resale value tends to decrease.
To check the Rappaport Diamond Prices, Click Here
Lab Grown Diamonds Certification:
Lab grown diamonds are certified by various organizations, just like natural diamonds. The most common certifications for lab grown diamonds include the International Gemmological Institute (IGI), the Gem Certification and Assurance Lab (GCAL), and the Gemmological Institute of America (GIA). Having a certificate from a reputable organization can increase the resale value of lab grown diamonds.
In conclusion, lab grown diamonds have a resale value just like natural diamonds. However, the resale value of lab grown diamonds depends on various factors such as the quality of the diamond, its certification, and the demand in the market.
It is essential to buy lab grown diamonds from a reputable company and get them certified by a recognized organization to increase their resale value.