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Who Buys Lab Grown Diamonds?

Posted by wedding bands team on

Stack of gold wedding bands with diamond details displayed for choosing the right wedding ring by Wedding Bands & Co.

Who Buys Lab-Grown Diamonds? The Anatomy of a Modern Choice

Lab-grown diamonds have become one of the most sought-after jewelry trends in Chicago. Shoppers searching for terms like “engagement ring near me”, “jewelry store Chicago”, or “custom jewelers near me” often discover their value. These stones are reshaping the jewelry market, giving customers wedding ring options that combine beauty, ethics, and affordability.

This guide explores who buys lab-grown diamonds by comparing their values and choices to the structure of a ring. Just as every ring has a band, center stone, and finishing details, each buyer has specific motivations; ranging from sustainability and affordability to custom design freedom and modern style.

At Wedding Band & Co. on Oak Street, Chicago, we see firsthand why today’s couples are choosing lab-grown diamonds.

    1. The Core: Millennials and Gen Z Values

Every engagement ring has a strong core, and for lab-grown diamonds, that core is Millennials and Gen Z buyers.

Raised in an era that emphasized sustainability, ethical practices, and transparency, these generations understand the hidden costs of traditional mining. Concerns about environmental impact and human rights drive many to seek ethical jewelry alternatives.

Young professionals across Chicago—engineers, teachers, nurses, and recent graduates—often choose lab-grown diamonds. For them, love and responsibility go hand in hand.

Elegant gold engagement ring with diamond pavé band stacked with matching wedding bands by Wedding Bands & Co., Chicago custom jeweler

     2. The Band: Affordability for First-Time Buyers

The band of a ring defines its comfort and cost. Similarly, affordability is one of the strongest appeals of lab-grown diamonds.

Lab-grown diamonds typically cost 30–40% less than mined diamonds of the same cut, clarity, and carat weight. That price difference allows couples to choose larger, more radiant stones while staying within budget.

At Wedding Band & Co., for example, you can often purchase a 1.5ct lab-grown engagement ring for the cost of a 1.0ct mined diamond. This makes lab-grown diamonds the preferred choice for many first-time buyers and young couples starting their future together.

     3. The Finish: A Desire for Unique and Custom Designs

Just as rings can have different finishes—polished, matte, or hammered—lab-grown diamonds appeal to buyers seeking customization and originality.

Advanced technology allows lab-grown diamonds to be produced in unique shapes, sizes, and even colors such as pink, yellow, and blue—hues that are extremely rare in nature.

Chicago couples searching for “custom engagement ring Chicago” or “custom jewelers near me” often discover that lab-grown diamonds provide unlimited design freedom. From CAD modeling to handcrafted detailing, the options are endless.

White and yellow gold diamond wedding bands styled on lace fabric, showcasing elegant bridal ring designs by Wedding Bands & Co. in Chicago

4. The Sparkle: Modern, Minimalist Buyers

For many, the sparkle is the heart of a diamond’s appeal. Today, lab-grown diamonds symbolize a modern approach to fine jewelry.

Minimalist buyers and trend-conscious couples view lab-grown diamonds as the future—equal brilliance, but powered by science rather than mining. For those looking for “best jewelry stores Chicago”, lab-grown options offer style without compromise.

     5. The Heartbeat: Environmentally Conscious Shoppers

Like engravings or hidden gems that tell a ring’s story, sustainability drives many buyers. Environmentally conscious couples often select lab-grown diamonds to reduce the environmental footprint associated with traditional mining.

     6. The Brand: Who They Trust to Buy From

Where you buy matters. While online retailers may offer low prices, they can’t replace the personalized service, education, and long-term care provided by local jewelers.

At Wedding Band & Co., we offer not just diamonds, but complete lifetime service: education, cleaning, inspections, resizing, and design upgrades. That’s why couples searching “jewelers near me” or “best jewelry stores Chicago” choose us.

White and yellow gold diamond wedding bands styled on lace fabric, showcasing elegant bridal ring designs by Wedding Bands & Co. in Chicago

7. The Price Tag: Who Benefits Most from Lab-Grown Diamonds?

Our Chicago showroom sees common patterns among lab-grown diamond buyers:

  • Young couples building their future together
  • Buyers who want maximum sparkle for their budget
  • Environmentally aware shoppers avoiding the impact of mining
  • Custom design lovers who want unique pieces
  • Modern minimalists embracing innovative jewelry

For all of these groups, lab-grown diamonds deliver brilliance, beauty, and value.

     8. Tips for Buying Lab-Grown Diamonds in Chicago

Before purchasing, keep these expert tips in mind:

  • Look for certification – Always choose diamonds certified by IGI or GIA.
  • Shop local – A local jeweler ensures personal guidance and reliable aftercare.
  • Consider upgrades – With cost savings, you may opt for higher carat or clarity.
  • Think custom – Pair your lab-grown diamond with a one-of-a-kind design.

     9. More Than a Diamond—It’s Your Story

A lab-grown diamond isn’t just a purchase—it reflects your values, style, and future.

At Wedding Band & Co., located at 43 E Oak St, Fl 2, Chicago, IL 60611, our team led by Koorosh Daneshgar helps couples create timeless engagement rings and wedding bands using both natural and lab-grown diamonds.

Explore Our Local Jewelry Store in Chicago for Custom Wedding Rings

Enjoy a uniquely tailored experience with us. At Wedding Band & Co., recognized among the top Chicago jewelers and jewelry stores in Illinois, we take pride in offering custom wedding rings and unique pieces that reflect your personal story. Visit us in person. Enjoy, cherish, and trust that the ring you pick from us will symbolize your lifelong commitment.

Discover Custom Wedding Rings in Chicago with Wedding Bands Company

At Wedding Bands Company, we've been making personalized engagement rings for 25+ years, making us one-of-a-kind. Our team, led by Koorosh Daneshgar, understands that our clients want unique jewelry. They desire something that stores or online platforms do not commonly offer.

We provide information about diamonds and explain  the four Cs: Carat, Cut, Color, and Clarity. We do this using real diamonds, rather than relying on salespeople who earn commissions.

What truly sets us apart is our design process. We collaborate with you to make your ideas real, crafting a unique masterpiece exclusively for you.

We promise good work at a fair cost, with no concessions. We control every step of the process, from design to printing, casting, setting stones, and inspecting the final product.

We make every ring ourselves, not outsourcing. Each design has a one-year warranty, better than what others offer. We offer yearly maintenance to keep your ring in perfect condition. Start your journey with us today and experience the difference of creating a truly custom engagement ring.

Bring your jewelry vision to life with a personalized appointment. Let us help design the perfect piece for you.
Schedule an Appointment
Exterior view of Wedding Bands & Co. and Koorosh Jewelry storefront at 43 E Oak Street in Chicago’s Gold Coast

Let’s Design the Perfect Ring, Just for You

Every ring at Wedding Band and Co. should express your love together with your personal values and your individual style. Our Chicago-based workshop creates custom engagement rings and wedding bands and other jewelry pieces through expert craftsmanship and careful attention to detail and creative approaches.

✅ Book your free consultation
✅ Explore hundreds of ring styles in person or virtually
✅ Design a ring that tells your story, one detail at a time

Our Chicago location welcomes you to visit in person or you can start your ring journey online to make your dream ring become reality.

Come see us on the floor of 43 E Oak St, in Chicago's IL 60611.
Reach out to us by dialing our number at +13129200726.
Feel free to reach out to us via email at info@weddingbandscompany.com

By: Koorosh Daneshgar CEO/Design Chief
Bring your jewelry vision to life with a personalized appointment. Let us help design the perfect piece for you.
Schedule an Appointment
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