Diamond engagement ring is the dream of any woman. Being able to relive the rare moments, in addition to showing off the piece, make a diamond engagement ring more appealing among couples who promise to stay together for eternity. Despite the expensive price tags of mined diamonds, the demand for diamond engagement rings is only increasing due to the considerably cheaper tag of lab-grown diamonds.
Although the investment opportunities for diamond engagement rings still are virtually nil due to everyone having their own design preference and budget, diamonds still are considered the highest standard of emotional investments. However, if you still are sceptical about getting a diamond engagement ring for your loved one, this article is for you.
Difference Between Lab Grown and Mined Diamonds
The first question that may occur while deciding on a diamond engagement ring is whether to go with lab grown diamonds or mined ones. While they both are similar in physical and chemical properties, they differ a lot in pricing. You can get a better financial value with lab grown diamond engagement rings than with mined ones.
However, their differences don’t end there.
Historically, diamond mine workers, especially in west and central Africa, were subjected to inhumane practices and exploitation by rebel groups that used the mined diamonds to fund their movements. Although the UN has tried to mitigate the humanitarian issues with the Kimberley Process, they still exist. Lab grown diamonds are “cleaner”. As they are made in controlled labs, unethical practices are yet to touch them.
They also differ in their origin. While the mined diamonds are the result of years of extreme heat and pressure on carbon deposits under the earth’s surface, lab-grown diamonds are produced through CVD and HPHT methods. However, the difference in the methods doesn’t create any bias toward any type of diamond. They both are similar in brilliance and characteristics.
Reasons to Invest in a Diamond Engagement Ring
Let’s understand the reasons to invest in a diamond engagement ring rather than something like zirconia, topaz, or quartz.
- Diamond Industry Is Growing
The best time to invest in something is when it’s growing. The diamond industry, for the last few decades, has been growing at an exponential rate. And now with the introduction of lab-grown diamonds, the industry is stronger than ever. Although diamonds are still not in the major leagues as a financial investment, waiting to get a diamond engagement ring longer will only make it more expensive in the future.
It’s recommended that if you’re already thinking about getting a diamond engagement ring, get it as soon as possible while the prices are still within budget.
- Diamonds Hold a Strong Emotional Value
The attachment to love and happiness, and in recent years, success, is the primary driving force behind the popularity of diamond engagement rings. The strong emotions associated with diamonds, although encouraged through marketing, are appreciated and valued by the younger generation, Who, more than financial reasons, investing in diamond engagement rings to show undying love and support towards each other.
What makes diamond engagement rings promote better emotional values is their forever promise. As diamonds are made to last and can’t be easily destructed, it’s marketed to become a metaphor for immortal love.
- Diamonds Engagement Rings Are Brilliant
You can reason with hundreds of points to not get a diamond engagement ring, but the brilliance, clarity, and uniqueness of the diamond are enough to surpass them all. A decade or so ago, you could hold your budget responsible for not investing in a diamond engagement ring, but that doesn’t hold value anymore. Lab grown diamonds now are at least 40% cheaper and similarly brilliant.
- Diamond Engagement Rings Last a Lifetime
If you are still considering whether to get a diamond engagement ring or not, know that diamonds are one of the strongest materials on earth and can last a lifetime or more if maintained carefully. Do you know of any other materials other than diamonds that don’t break, scratch, or crack, all while being the most radiant in the room?
- Lab Grown Diamonds are Environment Friendly
Although the mined diamonds have come a long way to become more environment-friendly, they still require heavy earth-moving machinery and gallons of water to be produced. Diamond mines, in addition to being exploitive of human resources, are destructive to nature and human lives. However, lab grown diamonds are created by maintaining a balance between the resources and the cost to present to the customers a product that doesn’t harm the climate in any significant way. While investing in a diamond engagement ring, consider scrutinizing the lifecycle of the stones to understand whether they’re “blood diamonds” or not.
Types of Diamond Wedding Rings to Invest
When investing in a diamond engagement ring for your better half, these mentioned pieces can be the great choices that you were waiting for.
Solitaire Engagement Ring
A single stone is set on top of solitaire engagement rings to form the centrepiece. A larger diamond may be used in solitaire engagement rings than in halo or pave designs. In order to render the diamond larger, the rings are also made narrower.
Channel-Set Engagement Ring
In channel set engagement rings, the tiny metal prongs that keep the diamond in place do not exist. The band has grooves that resemble channels that hold the diamond in place. This arrangement makes the centrepiece appear more substantial.
Halo Engagement Ring
Halo engagement rings are scaled-down counterparts of paving rings. Halo rings and paves rings vary in that the diamonds in the former simply encircle the centrepiece and do not extend down to encompass the bands. It conveys the idea that the central diamond is larger and more brilliant.
Pave Engagement Ring
Pave rings also include a focal point. To create the appearance of a diamond ring to passersby, the bands are also partly coated with tiny diamonds. In pave rings, the central diamond is often cut into a round shape.
Three Stone Engagement Ring
Three-stone engagement rings have a higher grade, larger, raised diamond in the centre, surrounded by two additional, lesser diamonds. For this ring, spherical, princess, and emerald-cut diamonds are ideal.
The Bottom Line
Hopefully, you’ve fully understood why you should invest in diamond engagement rings. although the type of the diamond is the primary determinant. The source of your diamonds may also play a role if you are looking for something ethical. Choose from the list of engagement rings mentioned above and good luck with your engagement.