Why is the price of lab-grown diamonds is significantly lower than the price of real diamonds?
Because of the lower processing and manufacturing costs, lab-grown diamonds are significantly less expensive than mined diamonds.
People often thought that lab-grown diamonds would be prohibitively expensive due to the high level of expertise required in their production; however, this turned out to be untrue because the manufacturing cost of lab-grown diamonds is significantly lower than that of mined diamonds.
Because of their low cost, I highly recommend lab-grown diamonds to anyone shopping for a diamond on a tight budget without sacrificing quality.