5 Carat Lab-Grown Diamond Prices—How Much To Pay In 2024?

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Welcome to our comprehensive guide to 5-carat lab diamond prices, in which we publish and compare diamond prices based on expert research and analysis. We also help you to better understand diamond costs, how to compare quality, and, importantly, how to find the perfect lab-grown diamond for the best price.

In this guide, we will explain what a 5-carat diamond is, its size, and what jewelry it is best for. We will also discuss the differences between lab-grown and mined diamonds and how to find the best stone while saving money. Finally, we will compare and list prices for both round brilliant and the most popular fancy-shaped 5-carat diamonds from six of the cheapest places to buy lab-grown diamonds. We will conclude our guide with our recommended places to buy lab-grown diamonds.

The cost of a diamond can vary significantly depending on its grade and where you buy it. For instance, a lab-created diamond weighing 5 carats can cost anywhere between $5,000 to $27,000, based on its 4Cs and scarcity. Typically, a 5-carat lab-grown diamond with a popular round brilliant cut shape costs about $6,500-8,000, which is nearly 89% less expensive than a mined diamond.

How much does a 5-carat lab-grown diamond cost?

An excellent quality 5-carat lab-grown diamond costs around $6,500-8,000 in July 2024, which is up to 89% less than a mined diamond! But note that prices range from $5,000 to $27,000, depending on quality.

3 of the cheapest places to buy a 5-carat lab-grown diamond

Investing in a diamond is a significant decision, and it’s important to make an informed choice about selecting the appropriate stone and finding the best deal. We have developed several guides that provide helpful tips and suggestions to assist you.

Begin your research by exploring our buying guides listed below:

SALES ALERT! See the best diamond deals (terms apply):

Understanding 5-Carat Lab Diamond Prices

To start your education on diamonds, learning the 4Cs is fundamental. We suggest beginning with our guide on lab-grown diamonds. However, if you are short on time or solely interested in the pricing of a 5-carat lab diamond, feel free to skip ahead.

The 4Cs of diamonds (applicable to both mined and lab-grown diamonds) are:

If you need a quick refresher, remember these three things about lab-created diamonds:

  • The primary feature of diamonds, particularly for all brilliant cut diamonds, is their brilliance. Although brilliance is not the most crucial factor for some fancy-shaped and fancy-colored lab diamonds, the diamond’s cut grade remains essential. Therefore, we always recommend prioritizing the cut grade over the diamond’s size when purchasing a lab-grown diamond.
  • Size is not the most critical factor when assessing a diamond’s quality. Instead, the 4Cs of diamond quality, which are cut, clarity, color, and carat, should be prioritized in that order. First, look for the highest quality cut, followed by color and clarity grades, with carat weight being the least important.
  • Opt for diamond weights slightly below the commonly sought-after sizes whenever possible. Avoiding the round weights can result in significant cost savings without any noticeable difference. For example, you can choose a 4.89-carat diamond instead of a precisely 5.0-carat diamond.

How We Researched Lab-Grown Diamond Prices

We have compiled price information for 5-carat lab-created diamonds from the best diamond jewelers to give you an estimate of their cost. Our example diamond is a lab-created round brilliant-cut diamond with the following 4C grades:

While our example diamond may not be the perfect fit for everyone, it provides a helpful idea of differentiating between the 4C attributes of diamonds.

We have gathered prices from our highest-rated lab-grown diamond retailers. These jewelers are, in our opinion, the best places to buy lab-grown diamonds and are also the best places to purchase lab-created diamond engagement rings.

They have an extensive collection of high-quality diamonds, provide excellent shopping experiences, and offer exceptional customer service. Additionally, they offer the most competitive prices for lab-grown diamonds.

July 2024 5-Carat Lab-Grown Diamond Prices

Lab diamond jeweler5-carat lab diamond prices
Clean Origin$4831-7436
With Clarity$5723-11430
Grown Brilliance$5855-11850
Brilliant Earth$11900-16360* **
James Allen$19660-26840**
Prices for 5-carat lab diamonds collected in July 2024.

Prices are accurate at the time of writing in 2024.
*Includes 100% sustainable diamonds.

**Note that Brilliant Earth and James Allen prices are for higher-quality diamonds because their minimum quality is higher than our reference minimums.

Fancy-Shaped Lab Diamond Prices

Lab-grown diamonds are available in various shapes and sizes, with the round brilliant cut being the most popular. However, there are numerous other shapes of lab-created diamonds, collectively known as fancy shapes, which refer to any shape other than the round brilliant. In our lab-grown diamond shape guide, we explained how each shape has unique beauty, advantages, and disadvantages.

While some lab-grown diamond shapes, like the heart shape, may be more expensive than the round brilliant cut, others, such as the emerald shape, can be more affordable. To help you compare the costs of the most popular fancy shapes, we have compiled the average price of all 5-carat fancy-shaped lab-grown diamonds.

How We Compared Fancy-Shaped Lab Diamond Prices

As fancy-shaped diamonds are evaluated differently and have less strict cut grading than round brilliants, we have adjusted the ranges below. Specifically, the cut rating now includes “very good,” which would not be acceptable for a brilliant round cut.

Note that the below prices are starting prices and increase with quality. But, they indicate the price range, and all diamonds will have at least the specifications listed.

July 2024 Fancy-Shaped 5-Carat Lab-Grown Diamond Prices

Lab diamond jewelerOvalEmeraldPearPrincessRadiantCushionHeart
Clean Origin*$4640$3707$4939$5301$4299$4024$7671
With Clarity$5121$3380$5293$4295$4231
Grown Brilliance$6125$7450$5685$8750$6405$5255$9960
Brilliant Earth**$11650$9740$9730$9590$9880$9510$16960
James Allen**$14310$13720$20680$17630$16270$17910
Prices for fancy-shaped 5-carat lab diamonds collected in July 2024.

Prices are accurate at the time of writing in 2024.
*Cut grade fancy
**Higher than minimum grades.

**Note that Brilliant Earth and James Allen prices are for higher-quality diamonds because their minimum quality is higher than our reference minimums.

Why Choose Lab-Grown Diamonds?

Lab-grown diamonds can be 60-80% lower than mined diamonds of comparable 4C grading. Moreover, lab-grown diamond deals can provide further savings. Our team consistently monitors the market to identify when diamond vendors offer special deals or discounts. Enter your email below to receive alerts of new lab-grown diamond discounts.

Lab-grown diamonds offer several benefits over mined diamonds. Apart from being more affordable, they are also eco-friendly and socially responsible. You can gain more insight into these advantages by reading the following articles:

Sustainable Lab-Grown Diamond Prices

Lab-grown diamonds are the best for those who value ethical and sustainable options. However, if you’re looking for 100% sustainably produced diamonds, consider opting for lab-grown diamonds made using renewable energy, set in recycled metal, and packaged with sustainable materials. It’s essential to keep in mind that entirely sustainable diamonds typically carry a premium of 30-40%.

If you are looking for sustainable diamonds, Brilliant Earth is one of the best places to buy sustainable and climate-neutral lab-grown diamonds. Our Brilliant Earth review gave them a top rating for their commitment to sustainability, quality, and affordability!

Vrai is another option, but when comparing Brilliant Earth and Vrai, we found that Brilliant Earth is the best choice for sustainable diamonds (see our Vrai review). Pandora Brilliance, too, focuses on sustainability, as we detailed in our Pandora Brilliance review, but they don’t quite match up to Vrai or Brilliant Earth.

Three 5-Carat Lab Diamond Engagement Ring Examples

5-carat lab-grown diamonds are relatively rare, and for the same reason, you don’t find too many jewelry pieces featuring 5-carat lab diamonds. But, if you search for or build your jewelry, you should be able to buy a 5-carat lab-grown diamond jewelry piece. And, if you search at one of our below-recommended places, chances are you’ll get a fantastic deal.

Where to Buy Lab-Grown Diamonds and Jewelry

At LabGrownCarats.com, we publish reviews of lab-grown diamond jewelers to help you in your search for the perfect lab diamond or lab diamond jewelry. We also share comparisons of the best lab diamond jewelers if you cannot decide. The following list shows our recommendations for the best places to purchase a 5-carat lab diamond based on price, selection, quality, sustainability, and shopping experience.

Our highest-rated places to buy a 5-carat lab diamond

Ritani review ⭐⭐⭐⭐⭐

Ritani tops our list of the best places to buy lab-grown diamonds because of their market-leading low prices and price transparency, the most extensive inventory of lab diamonds, customization options, and jewelry store partnership. That makes Ritani one of the best places to buy a sizeable lab-grown diamond.

Ritani is one of the best places to buy a lab-grown diamond.
Clean Origin is one of the best places to buy a lab-grown diamond.
Clean Origin review ⭐⭐⭐⭐⭐
Clean Origin

Clean Origin is another of our favorite places to buy lab diamond jewelry. We recommend Clean Origin for its unbeatable prices, a vast selection of lab-grown diamonds and jewelry, and excellent support (plus 100-day risk-free returns).

Brilliant Earth review ⭐⭐⭐⭐⭐
Brilliant Earth

Brilliant Earth is the leading sustainable lab-grown diamond jeweler. Their deep commitment to sustainability, including being the only seller of sustainable graded lab diamonds, sets them apart. See all their lab diamonds below.

Brilliant Earth is one of the best places to buy a lab-grown diamond.
James Allen is one of the best places to buy a  lab-created diamond.
James Allen review ⭐⭐⭐⭐⭐
James Allen

James Allen is one of our best-rated places to buy lab-grown diamonds overall and one of the best for premium lab diamonds. Their service is top-notch, prices are low, and the quality and craftsmanship are superb.

Compare prices on other lab-grown diamond-carat weights

We have listed the prices of lab-grown diamonds for the most in-demand carat weights. You can compare the prices with the carat weights listed below:

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Klaus T
Klaus T

At LabGrownCarats.com, Klaus is responsible for everything related to diamond analysis and valuations, the financial aspects of diamond buying, and the impact of diamond mining vs. creating diamonds in the laboratory.

Klaus possesses a profound interest and expertise in diamonds, particularly lab-grown diamonds, and has worked with diamond and lab diamond analysis and valuation for many years. Klaus is an expert in diamond prices and valuation, the investment side of diamonds, and the economic development impact of diamond mining.

Klaus is an ex-diplomat, economic development expert, ex-Googler, and start-up founder. He has 15+ years of expertise in economic development, trade, and resource extraction, and he has worked with the impact of mining on societies and the environment. He is an expert on how resources, such as gold and diamonds and diamond mining, impact communities and exporting countries, and he has worked with the UN, the World Bank, the African Union, the African Development Bank, etc. Klaus later shifted focus to work with data analysis, marketing technology, measurement, and analytics, including 7+ years at Google.

Please contact Klaus if you are looking for data and analysis related to lab-grown diamonds or if you have questions about the economic impact of diamond mining and the shift to creating diamonds in the laboratory.

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