Lab-Grown Diamond Engagement Ring Prices—How Much Should You Pay in 2024?

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Lab-grown diamond engagement ring prices vary significantly. Learn what determines their price, how much lab diamond engagement rings cost, and how to save in our guide to lab diamond engagement rings price.

How much does a lab-grown diamond engagement ring cost in 2024? Well, the price can vary significantly depending on the stone’s grade and where they are purchased.

For example, a 1-carat lab-created diamond engagement ring can cost between $800 and $4,000 based on its 4Cs and scarcity.

Typically, a 1-carat lab-grown diamond engagement ring with a popular round brilliant cut shape costs around $1,500-$3,000, which is about 60-80% less expensive than a mined.

Before we get into our price analysis, you should know that investing in a diamond is a significant decision. And it’s critical that you 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:

3 of the cheapest places to buy lab-grown diamond engagement rings

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

Diamond engagement rings 101 – the diamond 4Cs

Starting your diamond education with the 4Cs is fundamental. We recommend beginning with our lab-grown diamond guide. However, if you’re short on time or only interested in the price of engagement rings, feel free to skip ahead.

The 4Cs of diamonds (applicable to mined and lab diamonds alike) are:

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

  1. The primary feature of diamonds, particularly for all brilliant cut diamonds, is their sparkle. 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.
  2. Size is not the most critical factor when assessing a diamond’s quality. Instead, the 4Cs of diamond quality– 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.
  3. 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 0.96-carat lab diamond instead of a precisely 1.0-carat diamond.

Next, let’s learn how much the rings costs.

Lab-grown diamond engagement ring prices in 2024

We have gathered an exhaustive list of engagement ring prices from our recommended jewelers. In our opinion, these are the best places to buy lab-created diamond engagement rings.

Our example engagement rings are set with lab-created round brilliant-cut diamonds, the most popular shape. If you want to see prices for other diamond shapes, see the links below to our other lab diamond price comparisons.

The diamonds used for this price analysis have the following 4C grades:

While our example stone may not be the perfect fit for everyone’s particular needs, they help indicate the price levels of some of the most popular (and recommended) quality ranges for engagement ring diamonds.

The prices below show the starting prices from each jeweler, including the most affordable engagement ring setting available (typically a simple solitaire ring). So expect that the final price for your engagement ring could run higher depending on your ring choices. But the prices below indicate prices and how much cheaper lab diamonds are compared to mined diamond engagement rings!

Lab diamond engagement ring prices1 carat2 carat3 carat4 carat5 carat
Ritani$904$1455$2150$3681$4932
Clean Origin$1120$1948$2940$4029$5431
Grown Brilliance$1155$2240$3700$5400$9150
With Clarity$1388$2017$3048$4638$6333
James Allen*$1140$2790$6440$13650$16890
Brilliant Earth*$1810$3060$5190$9380$12750
Prices for lab diamond engagement rings were accurate as of 2024. *Higher diamond quality grades.

All the above jewelers offer a vast collection of high-quality lab diamonds, outstanding shopping experiences, and exceptional customer service. Additionally, they have the most competitive prices for lab-grown diamond engagement rings. While prices vary a lot, the more expensive lab diamond jewelers above typically only list lab diamonds with a higher minimum quality (namely, Brilliant Earth and James Allen).

Why choose a lab-grown diamond?

Lab-grown diamond engagement rings can be 60-80% lower than rings with mined diamonds of comparable 4C grading. Moreover, if you search, you can sometimes find deals on lab-grown diamonds, which save you even more! To help you find them, we look for the best offers and sales on engagement rings. Enter your email below to be alerted of lab-grown diamond discounts and sales.

Lab-grown diamonds offer several additional benefits over mined diamonds. In addition to being more affordable, they are also more eco-friendly and socially responsible. You can learn more about these advantages by reading the following articles:

Where to buy the best sustainable lab diamonds?

If you are looking for sustainable diamonds, Brilliant Earth is one of the best places to buy sustainable and climate-neutral lab-grown diamonds. In our Brilliant Earth review, we gave them a top rating for their commitment to sustainability, quality, and affordability! Vrai is another good option, but when comparing Brilliant Earth and Vrai, we found that Brilliant Earth is a better option for sustainable diamonds and diamonds in general (see our Vrai review). Pandora Brilliance also focuses on sustainability, as we detailed in our Pandora Brilliance review. Still, they don’t match up to Vrai or Brilliant Earth regarding the shopping experience, quality, and prices.

Compare prices on other lab-grown diamond shapes

In the above overview of how much a lab-grown diamond engagement ring costs, we focused on the most popular diamond shape, the brilliant round shape. However, if you want to learn how much other lab diamond shapes cost when looking for an engagement ring, you can find these in our price comparisons below. We include all popular shapes, including oval, emerald, pear, princess, radiant, cushion, and the romantic heart diamond shape.

Buying a lab-grown diamond engagement ring

Lab diamond engagement rings are very popular due to their affordability and high quality. You can find engagement rings in all sizes, shapes, and qualities. We recommend that you decide on the engagement ring design and pair it with a stone from the jeweler’s inventory.

This way, you can get the perfect stone for your engagement ring and avoid the often lower-quality diamonds jewelers use for pre-set engagement rings. All our recommended jewelers offer a large inventory of loose lab-created diamonds, so you can decide which exact diamond you want.

Learn how to save on the perfect lab-grown diamond engagement ring!

Below are six examples of engagement rings set with lab-grown diamonds. You can decide exactly which diamond to pair with each ring.

1-carat lab diamond from Clean Origin

14K White Gold Sylvie Solitaire Ring

1-carat lab diamond from Clean Origin

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 diamond engagement ring. If you cannot decide, we also share comparisons of the best lab diamond jewelers. The following list shows our recommendations for the best places to buy lab-created diamonds based on price, selection, quality, sustainability, and shopping experience.

Ritani review ⭐⭐⭐⭐⭐
Ritani

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 lab-grown diamond engagement ring.

Ritani is one of the best places to buy a lab diamond engagement ring.
Clean Origin is another of the best places to buy a lab diamond engagement ring.
Clean Origin review ⭐⭐⭐⭐⭐
Clean Origin

Clean Origin is another of our favorite places to buy a lab-created diamond engagement ring. We recommend Clean Origin for its unbeatable prices, 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 diamond engagement rings below.

Brilliant Earth is one of the best places to buy a lab diamond engagement ring.
James Allen is one of the best places to buy a lab diamond engagement ring.
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 diamond engagement rings. 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 of engagement rings with the loose lab diamond 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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