Monday, November 27, 2023

Macy's Black Friday Sales: 5 Lab Grown Gemstones

The last of my Macy's Black Friday gift guides will also discuss whether or not, you should buy lab-grown precious gemstones as jewelry. Regular readers of THE SAVVY SHOPPER already know my answer. Yes! Absolutely and without a doubt, if the price is right. When priced fairly (meaning not inflated) you'll get a lot for your money! 

Lab-grown diamonds, sapphires, rubies, and emeralds are as real as natural-grown diamonds, sapphires, rubies, and emeralds. Lab-grown gemstones are physically, chemically, and optically the same as gemstones that form over billions of years in the earth's mental or crust. 

Natural gemstones are more expensive than lab-grown gemstones and tend to fetch a higher price on the resale market primarily because they are in higher demand by the public, but as lab-grown gemstones gain more acceptance ... and now as more retailers are entering the market plus manufacturing methods are getting better and cheaper, this is changing. In fact, the greater acceptance and availability of quality lab-grown diamonds are already lowering the prices of mined diamonds produced in nature.

Under a loupe gemologists and jewelers can tell the difference between natural-grown and lab-grown gemstones, yet both are genuine, authentic, real gemstones because chemically and optically they are the same. Both mined and lab-grown stones are the same chemical elements transformed into various gemstones by enormous heat and pressure. Gemologists can also determine where on earth natural sapphires, rubies, and emeralds were formed, as there are tell-tell signs informing them of a gemstone's origins, so it makes sense they can also tell when a  gemstone is lab-grown.

I sound like a broken record in saying, never think of jewelry as an investment but only as a luxury good with huge markups, things of beauty we love but do not need. Except for high jewelry (the apex of rarity and perfection of cut, carat, color, and clarity) or the estate jewelry of a celebrity, you'll rarely get what you pay for your pieces on the resale market.

The great benefit of buying lab-grown gemstones is customers can get bigger gemstones with higher color grades and few inclusions for far less money. They cost at least 1/3 less than natural stones. Short of a cartel forming, I predict prices will continue to drop.

Whether buying lab-grown or natural gemstones, we still need to ensure we're getting value for a good stone based on cut, carat, color, and clarity. 

For this reason, I'm a big fan of Macy's for mid-priced jewelry that ordinary people can afford, and I'd be over the moon to have any (or all😍) of the five 14k gold large sapphires, rubies, emeralds, or diamond sparklers featured here today. OMG, I live at the right time when huge gemstones can be grown in a lab! Dear Fairy Godmother, gimme!!!!!

Final thought: Black Friday sales come and go. If you miss this one, wait for another promotion to come around. They'll run all season and several times of the year!


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