1-Carat Lab-Grown Diamond Prices: How Much Are They in 2024?

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Understanding the Appeal of 1-Carat Lab-Grown Diamonds

A 1-carat lab-grown diamond offers the same brilliance and sparkle as mined diamonds—without the hefty price tag. Recent years have seen a significant drop in lab-grown diamond prices, driven by advancements in production technology and increased competition. This makes lab-grown diamonds a popular choice for those seeking luxury and value. Offering high quality at a fraction of the cost of mined diamonds, lab-grown stones are also an ethical and sustainable choice for engagement rings and fine jewelry.

Three Reasons Why Lab Diamonds Are Better Than Mined Diamonds

  1. Just Like Mined Diamonds:
    Made using high pressure and temperature deep within Earth’s crust – well, actually, inside advanced labs – these created diamonds are 100% identical to their mined counterparts.
  2. Eco-friendly Brilliance: A Guilt-Free Sparkle:
    Beyond beauty lies responsibility. Opting for lab-grown means supporting sustainable practices because there’s no mining involved here. You get the same glitter without damaging Mother Nature—talk about guilt-free glamour.
  3. An Affordable Luxury:
    When cost is a consideration, lab-grown diamonds can provide the perfect solution. Lab-grown diamonds are generally 60-80 percent cheaper than earth-grown ones because their creation process makes them more affordable.

Overview of 1-carat Lab Diamond Prices

At LabGrownCarats.com, we monitor and analyze lab-grown diamond prices closely. The below overview of 1-carat lab-grown diamond prices is constantly updated with the best and lowest prices. Compare prices from the best places to buy lab-created diamonds right here and save!

Lab-grown diamond jeweler1-carat lab-grown diamond prices
Ritani$401-1108
Clean Origin$411-827
Grown Brilliance$485-1155
With Clarity$602-2159
James Allen$940-1250
Brilliant Earth$970-1840*
1-carat lab-grown diamond prices were collected in October 2025.
3 Diamond Jewelers We Like

The Savings Advantage

So, let’s talk numbers again: say you have a budget of $5,000 for your engagement ring. A 1-carat mined diamond could eat up most or all of that amount depending on its quality factors, such as cut and clarity scale. But because a carat lab-grown diamond is cheaper, it gives room in your budget to get creative with setting styles or even opt for a larger size carat.

For instance, a 1-carat mined diamond is priced at over $5000 (VVS1, Excellent-Cut, D color):
1-carat mined diamond prices.
In comparison, a 1-carat lab diamond (VVS1, Excellent-cut, D color) costs a little over $1000!
1-carat lab diamond prices.

In Summary

Lab-grown diamonds, such as the popular 1-carat diamond, give you all the dazzle and quality of mined diamonds but for less money. You’re not just pocketing some extra cash – you’re making a green choice without skimping on sparkle or durability. What’s more, those savings can let you dive into exploring unique setting styles or even opt for a bigger diamond.

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Klaus T
Klaus T

I specialize in diamond analysis and valuations, focusing on the financial aspects of diamond buying and the impacts of diamond mining versus lab-grown diamonds. With extensive expertise in lab-grown diamonds, I have spent years analyzing diamond pricing, valuation, and the economic implications of mining.

As a former diplomat, economic development expert, ex-Googler, and startup founder, I bring over 15 years of experience in economic development, trade, and resource extraction. I have studied how mining affects societies and the environment and collaborated with organizations like the UN, World Bank, African Union, and African Development Bank.

I have also worked in data analysis, marketing technology, and analytics for over seven years at Google. If you need insights on lab-grown diamonds or have questions about the economic impact of diamond mining versus lab creation, feel free to reach out

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