4. Cost and Affordability
Moissanite
Lab-created moissanite is significantly more affordable than natural diamonds and even some other diamond simulants. A 1-carat moissanite can cost between $500 and $1,000, which is roughly 10-20% of the price of a similar-sized natural diamond. This makes it an excellent choice for those looking for a high-quality, budget-friendly alternative.
Nexus Diamond
Nexus Diamonds are generally more affordable than both natural and lab-grown diamonds, but they are slightly more expensive than moissanite. A 1-carat Nexus Diamond typically ranges from $1,000 to $3,000, depending on the quality and setting. While they mimic the appearance of diamonds effectively, they might not offer the same level of affordability as moissanite.
Ethical and Environmental Considerations Both moissanite and Nexus Diamonds are lab-created, making them more environmentally friendly and ethically sourced compared to natural diamonds, which often involve significant environmental disruption and ethical concerns. Lab-created options reduce the carbon footprint and avoid the pitfalls of unethical labor practices sometimes associated with diamond mining.