A Comprehensive Guide to Buying Man-Made Diamonds

May 21
01:39

2024

Roberto Sedycias

Roberto Sedycias

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Discover the leading synthetic diamond companies and understand their policies on returns, exchanges, ring resizing, and warranties. This guide will help you make an informed decision when purchasing man-made diamond jewelry.

Summary

Man-made diamonds have become a popular alternative to natural diamonds,A Comprehensive Guide to Buying Man-Made Diamonds Articles offering both ethical and financial benefits. This guide delves into the top synthetic diamond companies, their return and exchange policies, ring resizing options, and warranty details. Learn about the nuances of each company to make an informed purchase.

The Rise of Man-Made Diamonds

In recent years, the demand for man-made diamonds has surged. These lab-created gems offer a sustainable and cost-effective alternative to natural diamonds. According to a report by Mordor Intelligence, the lab-grown diamond market is expected to grow at a CAGR of 7.85% from 2021 to 2026.

Leading Synthetic Diamond Companies

Several companies dominate the synthetic diamond market, each with unique policies and offerings. Here are some of the most notable:

  • ASHA
  • CARAT
  • Russian Brilliants
  • Diamond Nexus Labs

Return Policies

Understanding the return policies of these companies is crucial before making a purchase. Here's a breakdown:

Company Return Policy
Russian Brilliants 7 days refund policy (minus shipping costs)
ASHA 14 days from the day you receive your shipment
CARAT 30 days refund policy, provided you notify them within 7 days of receiving the shipment. Returns must be sent to China.
Diamond Nexus Labs 30 days to inspect and enjoy your jewelry. Returns are accepted even after use.

Additional Considerations

  • Restocking Fees: Both ASHA and CARAT charge a 10% restocking fee.
  • Customs: If you purchase from CARAT, based in China, you may need to deal with customs and time zone differences for customer service.

Exchange Policies

Exchanging a piece of jewelry can sometimes be a hassle. Here's what you need to know about the exchange policies of these companies:

Company Exchange Policy
ASHA No phone customer service; exchanges must be submitted via email within 14 days.
CARAT Phone customer service available; 7 days to decide on an exchange, with a 10% restocking fee.
Russian Brilliants Phone customer service available; exchanges allowed within 7 days.
Diamond Nexus Labs No hassle or restocking fee; 30-day period to decide on an exchange.

Ring Resizing

Ring resizing is often necessary due to weight changes or sizing errors. Here's how each company handles resizing:

Company Resizing Policy
Russian Brilliants Resizing available for a small fee.
CARAT No clear resizing policy.
Diamond Nexus Labs Free resizing within 30 days of purchase.
ASHA Recommends local resizing; charges $35 for white gold and $55 for platinum if done by ASHA.

Lifetime Warranty

A lifetime warranty can provide peace of mind. Here's what each company offers:

Company Warranty Details
Russian Brilliants Lifetime warranty against color changes.
CARAT Lifetime warranty against color changes.
ASHA No longer offers a lifetime warranty due to misuse by customers.
Diamond Nexus Labs Free replacement for any fade, discoloration, or damage. Also covers loss of the stone from its setting.

Interesting Stats

  • The global lab-grown diamond market was valued at approximately $19.3 billion in 2020 and is projected to reach $29.2 billion by 2025 (Statista).
  • Lab-grown diamonds can be up to 40% cheaper than natural diamonds (Forbes).

Conclusion

Man-made diamonds offer a compelling alternative to natural diamonds, combining ethical considerations with cost savings. By understanding the policies of leading synthetic diamond companies, you can make an informed decision that suits your needs and preferences.

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