It's difficult to determine the average budget for a lab-grown diamond, as the price of these diamonds can vary widely depending on a number of factors, including the size, quality, and shape of the diamond, as well as the specific retailer or dealer.

In general, lab-grown diamonds are often more affordable than natural diamonds, as they do not have the same supply chain costs and do not require mining. However, the price of a lab-grown diamond can still vary significantly, and it's important to shop around and compare prices from different retailers to get the best deal.

The average cost of a diamond engagement ring in the United States is around $6,000. However, it's worth noting that this figure may be affected by a number of factors, including the overall budget of the consumer, the style of the engagement ring, and the personal preferences of the wearer.

Ultimately, the best budget for a lab-grown diamond engagement ring will depend on the individual needs and preferences of the consumer. It's important to consider factors such as the overall budget, the style of the ring, and the specific features and characteristics of the diamond before making a decision.

February 02, 2023 — Vahak Medzadourian

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