Lab and natural diamond price difference U.S. 2023

In 2023, in the United States the total price difference of a natural diamond was 98 percent when compared with a lab-created diamond. Lab-created diamonds are produced by using technology that replicates the natural processes that create diamonds found in the earth. The end result is a lab-created diamond that is the same as a mined diamond chemically, physically, and optically.

Price difference of lab-created diamonds from natural diamonds in the United States as of September 2023, by cost category (in percent)

Characteristic	Price difference
Rough cost	-99%
Cutting cost	-28%
Cert cost	-65%
Other costs	-24%
Total	-98%
B2B price	-98%
B2C price	-89%
Markup	1.56%
Jeweler Profit	-61%
Jeweler profit margin	345%

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Release date

October 2023

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Region

United States

Survey time period

September 2023

Supplementary notes

Data was gathered by cost and selling price of a 2-carat, F-color, VVS2-clarity natural diamond with the equivalent synthetic stone at various stages of the distribution chain in September 2023.
The discount percentages are based on the prices of lab-created diamonds compared to the equivalent natural diamonds during the same time period in U.S. dollars.

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