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Fancy colored diamonds offer a unique, high-fashion look to your engagement ring but are often unattainable due to their price. Purchasing a lab-grown fancy shaped diamond gives you the opportunity to get a beautiful fancy yellow diamond for a much lower price. A nice one carat lab-grown diamond costs $1,200, while a comparable natural diamond will run you $4,500.
A lab-grown fancy yellow diamond has the same properties as a natural one. You will need to navigate the 4 Cs of diamond quality. In this article, we cover how to leverage those qualities to get the most bang for your buck.
How are lab-grown yellow diamonds created?
What is the quality of lab-grown yellow diamonds?
What are the grades of lab-grown fancy yellow diamonds?
How much does a lab-created yellow diamond cost?
Lab-grown yellow diamond buying tips
Our top 5 picks of lab-grown yellow diamond rings
Fancy yellow diamonds, sometimes referred to as canary yellow diamonds, can be particularly stunning, especially with the perfect hue and setting.
While, with naturally mined fancy color diamonds, we’re resigned to the hue produced by the natural processes, lab-created diamonds give greater ability to produce a truly captivating color of diamond – and at a much lower price than a natural diamond. Yes, this natural 1 carat vivid yellow diamond from James Allen is gorgeous. But this 1 ct lab-grown vivid from JA is equally stunning for 80% less.
Natural fancy yellow diamonds are also quite rare, while fancy yellow lab diamonds can be made on-demand. This can make lab-created fancy yellow diamonds a desirable choice for a one-of-a-kind ring on a budget.
” I think lab diamonds are here to stay and I think it’s a choice for the consumer to make, and it’s our job to educate them.… A lab diamond doesn’t say I love you any less than a mined diamond says I love you.” Beryl Raff, Former CEO of Helzberg Diamonds as reported in JCK Online.
Fancy colored diamonds get their hue when trace elements of certain chemicals are present when the diamond crystal develops. When nitrogen is present, it turns the diamond a shade of yellow. The more nitrogen present, the more intense the color.
Thus, lab-created diamonds are created by introducing nitrogen during the growth process. The amount of nitrogen used will determine the final shade of yellow – from a light yellow to an intense, vivid yellow.
Yellow diamonds have a distinctive look that make them stand out in a way that a colorless diamond of similar cut, carat and price often cannot. While some prefer the timeless allure of a classic colorless diamond, a vibrant colored diamond is a modern look that more couples are opting for today.
Lighter yellow diamonds are most common and thus are often quite affordable. However, it’s less common to find lab-created diamonds on the lighter end of the color scale, as vivid yellow diamonds are in higher demand, and therefore produced more. These vivid shades are referred to as canary yellow diamonds.
Canary yellow diamonds, or canary diamonds, are fancy yellow diamonds with an intense, vivid hue. These are the rarest and most sought-after type of fancy yellow diamond.
High-end vivid yellow or canary yellow diamonds are very rare in nature but can be much more easily produced by a lab. Thus, synthetic fancy yellow diamonds allow you to buy a stunning vivid yellow diamond ring at a fraction of the price.
As an example of the price difference between vivid yellow natural diamonds and lab-created alternatives, this 1.04 carat, fancy vivid VS1 lab-created cushion diamond is $2,590 at James Allen. While a comparable natural diamond, this 1.01 carat, fancy vivid VS1 natural cushion diamond from James Allen is $9,390.
Fancy yellow lab diamonds are graded on the same 4 Cs as other diamonds – Cut, Color, Clarity and Carat.
The only difference for fancy yellow diamonds is the color grade. While regular diamonds are given a grade from D to Z, depending on how much of a tint it has, yellow diamonds are essentially just diamonds that are past Z in the scale. Thus the color scale for fancy yellow diamonds gives a grade on the intensity of its color.
The scale goes as such:
Fancy vivid yellow diamonds, also known as canary yellow diamonds, are the rarest and also the most sought after.
As for grading of lab-created diamonds and natural diamonds, the grading is the same. Lab-created diamonds are, technically, “real” diamonds, so they are graded as such. The same goes for fancy color lab diamonds. They are graded on the same color scale, as well as the rest of the 4 C’s, as a natural fancy color diamond.
You can buy a lab diamond with an IGI (International Gemological Institute) certification. The IGI certificate will ensure you get the highest quality possible.
Lab diamonds, especially fancy color lab diamonds, can be found much cheaper than natural diamonds. This is because they are much less rare. A natural diamond takes billions of years to form, whereas a lab diamond can be created over the course of a couple of weeks. Natural diamonds with intense, vivid yellow color are even rarer and come with a premium price as a result.
This is where the biggest saving comes in for buying lab-created diamonds. When you can create a diamond with a deep, canary yellow color on demand, the price is naturally going to be lower.
See this 2.08-carat fancy vivid yellow diamond from James Allen. A natural diamond with such an exquisite grade and hue is extremely rare, which is why it’s priced at $31,140. On the other hand, this lab diamond also from James Allen with the same color, intensity, clarity and carat is just $13,210.
In general, smaller diamonds or fancy color diamonds with lighter hue are much more common and cheaper as a result. However, it’s less common to see low-grade lab-created diamonds, as they are created to fill the higher demand for high-grade, vivid yellow diamonds.
Though lab-created diamonds cost less to buy, be aware that they also have significantly lower resale value. A lab-created diamond essentially carries no inherent value after purchase. A natural diamond tends to retain around 50% of its value, however. Natural diamond prices also traditionally rise, while lab diamond prices are falling at a quite alarming rate.
As with any diamond purchase, the most important thing to consider is shopping with a reputable jeweler who sells diamonds certified by a top grading institute. We recommend looking for an IGI certification for lab diamonds. James Allen has a range of high-quality lab-created fancy color diamonds, which all come with an IGI certification.
Buying from a reputable dealer, as well as having your diamond inspected by an expert first, will ensure you get a lab-created diamond that is of the highest quality. Many lab-created fancy color diamonds can be overly saturated, giving a color that is closer to bright orange and doesn’t have the same appeal as a vivid canary yellow.
Finally, if you’re going to go with a lab-created fancy yellow diamond, be aware that it will be worth very little on resale. Lab-created diamonds lose almost all their value right after purchase, so ensure you’re comfortable with this before making a decision.
Diamonds Pro helped us pick a diamond, according to our budget and a few other criteria. We ended up buying a loose diamond from James Allen. We felt that we got very good value for money. The diamond was appraised by another jeweler where we live, confirming its characteristics and value. Finally, we had the diamond set in a ring by a local jeweler, and we’re very pleased with the result! Thank you Diamonds Pro 😊…see more
Fancy yellow lab diamonds can be an eye-catching, modern take on an engagement ring, at a much lower cost than if you were buying a natural diamond.
If you’re buying a ring with a fancy yellow lab diamond, consider how the setting will influence the appearance (particularly the color) of the diamond. Diamonds are reflective and can appear darker when reflecting color from the setting. With a fancy yellow diamond, you can often save by buying a lighter shade of diamond and pairing it with a yellow gold basket that reflects through the diamond and makes it appear darker.
As lab-created yellow diamonds are commonly a darker shade already, you likely won’t need to rely on the setting to produce more vivid color. But do be aware of how your setting will contrast or blend in with the color of the diamond.
For a stark contrast, pair a vivid, canary yellow lab diamond with a white gold ring, or clear diamond accents. If you want a more complementary look, pairing a fancy yellow diamond with a rose gold or yellow gold ring will give it a warmer, classic appearance.
Looking for examples of some beautiful lab-created yellow diamonds engagement rings? Check these out.
These are all engagement rings we created using James Allen’s mix and match ring design tool.
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