ATLANTA — For the first time ever, more than half of engagement rings have lab-created diamonds and WSB Consumer Expert Clark Howard says that’s a smart money choice.
“The reality is, if I buy a dug-out-of-the-earth diamond, and then later I want to sell it, it’s worth a tiny fraction of what I paid for it,” Howard says.
He says lab-created diamonds are even less expensive now as more are being created and that’s driving down the price of what he calls “dug-out- of-the-earth diamonds”.
Howard also says don’t believe the stories about lab-created diamonds starting to lose their appeal.
“This is all part of a well-coordinated, orchestrated publicity campaign to try to turn people against lab diamonds.”
Lab-grown diamonds can cost up to 85% less than natural diamonds and Howard says nobody can tell the difference.