5 Carat Diamond Ring Price Comparison: Lab Grown vs. Mined!

We all know for a fact that diamond jewelry has always been timeless. If you are investing in diamond jewelry, over the years, this piece can be proven to be a family heirloom that can be passed down to the next generation. But before we buy diamond jewelry, its pricing is something that constantly bugs us. Well, with technological advancements, we have a new competitor for mined diamonds on the market: ethically grown lab diamonds. Lab diamonds can cost you just a fraction of the price when compared to their mined counterparts.

Lab diamonds are known to be a better alternative because, when these diamonds are made, they take fewer resources from the environment, which makes them even more popular. After all, these diamonds align with a buyer’s consciousness. With that being said, we know the reason that brought you to read this article. Don’t be shy, we know that you want to know a 5 carat diamond ring price. While we know buying a mined 5 carat diamond ring can cost you three months' worth of salary, you can switch to their ethical alternative, aka lab grown diamonds. Read on to find out 5 carat diamond ring price!

Table of Content

• What are Lab Grown Diamonds?
• Factors Influencing the Prices of Lab Grown V/s. Mined Diamonds
• 5 carat Diamond Ring Price and Style

What are Lab Grown Diamonds? 

Lab diamonds are similar to their mined counterparts, but they are grown in a controlled environment that is similar to the natural conditions. Lab diamonds are as real as natural diamonds because both of them are visually, chemically, and physically similar to each other. Two processes are used to make lab diamonds: the High Pressure, High Temperature (HPHT) method and the Chemical Vapour Deposition (CVD) method. These processes replicate the natural conditions under which diamonds form, which helps you get diamonds that are similar to their mined counterparts. Lab grown diamonds offer an ethical and ecologically friendly alternative to mined diamonds. 

SHOP 5 carat loose lab diamonds

Factors Influencing the Prices of Lab Grown V/s. Mined Diamonds

In all honesty, there are various factors that affect the cost difference between lab diamonds and mined diamonds. The first thing is the production cost of lab diamonds. The cost of lab diamonds is lower because there are no mining or shipping charges involved in the whole process. The next factor is demand and supply. The price of lab diamonds can be regulated depending on their availability, which results in them having a consistent price. Whereas mined diamonds have a limited supply, which influences the cost of these diamonds.  

5 carat Diamond Ring Price and Styles

Well, congratulations on your upcoming engagement! Most definitely, you have made the right choice by going with a 5 carat diamond ring as your engagement ring. In this section of the article, we will help you with some tips that will help you buy the most beautiful lab diamond ring available and 5 carat diamond ring price. So, without further ado, let’s get started with understanding all the nitty-gritty of buying a high-quality lab diamond ring.

SHOP 5 carat lab diamond ring

Checking on the 4 C’s of your diamond is really important; it doesn’t matter if you are buying a 1 carat diamond ring, a 2 carat diamond ring, or a 3 carat diamond ring. The 4 C’s of diamond will help you get the best diamond specification available for your budget. You can say that the 4 C’s are the driving force behind selecting the best diamond available. The higher your carat weight is, the more careful you have to be with the other C’s: cut, color, and clarity. 

Now that you know how to select the best diamond based on the 4 C's, let's explore different diamond ring styles with 5 carat diamonds. For the ring style, you can go with solitaire, three stone, side stone, halo, or vintage-inspired style. If you want a 5 carat solitaire ring, then you can go with a similar style, like our Azalea Classic Solitaire Diamond Ring. This ring style will cost you around $3,625. The diamond in the center of the ring is held securely in a four prong setting, which allows the diamond to shine brilliantly. 

But if you like a ring style that has a meaning behind it, then go with a three stone because this ring style represents your past, present, and future. The two stones around the central stone give the ring an extravagant appeal, which makes it a popular choice for modern brides. For a ring style like this, you can go with our Lauren Three Stone Side Emerald Diamond Ring. The next ring style is the side stone engagement ring. This ring style can be your ultimate choice if you like extra sparkle in your ring. For a ring like this, you can go with a ring similar to our Nomi Classic Eternity Diamond Ring. 

SHOP Lauren Three Stone Side Emerald Diamond Ring

Now let’s move on to the price difference between a 5 carat mined diamond and a 5 carat lab diamond. For a mined diamond, the price of a 5 carat diamond can be anywhere between $200,000 to $500,000 or more. However, for a 5 carat lab diamond ring, you can easily get it for somewhere around $3,500 to $5200, depending on the ring style and the diamond specifications. When you select a lab grown diamond, you have the liberty to select the diamond specification, while you don’t get to select it when you choose mined diamonds.

SHOP side stone engagement ring

So, it is your choice to select the diamond based on your budget and preferences. We hope this guide on 5 carat diamond ring price helped you understand how to select a diamond ring for yourself or your partner. If you have any more questions related to your selected diamond or its pricing, you can get in touch with our experts by simply booking an online consultation with them. We are sure they will help you with your queries, or you can simply reach out to our customer service team at  customerservice@friendlydiamonds.com. 

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