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Fancy colored diamonds offer a unique, high-fashion look to your engagement ring but are often unattainable due to their price. Purchasing a lab-grown fancy shaped diamond gives you the opportunity to get a beautiful fancy yellow diamond for a much lower price. A nice one carat lab-grown diamond costs $1,200, while a comparable natural diamond will run you $4,500.
A lab-grown fancy yellow diamond has the same properties as a natural one. You will need to navigate the 4 Cs of diamond quality. In this article, we cover how to leverage those qualities to get the most bang for your buck.
Here is what we’ll cover in this article:
How are lab-grown yellow diamonds created?
What is the quality of lab-grown yellow diamonds?
What are the grades of lab-grown fancy yellow diamonds?
How much does a lab-created yellow diamond cost?
Lab-grown yellow diamond buying tips
Our top 5 picks of lab-grown yellow diamond rings
Why you should trust us
To help you with the diamond buying process we lean on our expertise and experience. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers.
Fancy yellow diamonds, sometimes referred to as canary yellow diamonds, can be particularly stunning, especially with the perfect hue and setting.
While, with naturally mined fancy color diamonds, we’re resigned to the hue produced by the natural processes, lab-created diamonds give greater ability to produce a truly captivating color of diamond – and at a much lower price than a natural diamond. Yes, this natural 1 carat vivid yellow diamond from James Allen is gorgeous. But this 1 ct lab-grown vivid from JA is equally stunning for 90% less.
Natural fancy yellow diamonds are also quite rare, while fancy yellow lab diamonds can be made on-demand. This can make lab-created fancy yellow diamonds a desirable choice for a one-of-a-kind ring on a budget.
” I think lab diamonds are here to stay and I think it’s a choice for the consumer to make, and it’s our job to educate them.… A lab diamond doesn’t say I love you any less than a mined diamond says I love you.” Beryl Raff, Former CEO of Helzberg Diamonds as reported in JCK Online.
How Are Yellow Lab Diamonds Created?
Fancy colored diamonds get their hue when trace elements of certain chemicals are present when the diamond crystal develops. When nitrogen is present, it turns the diamond a shade of yellow. The more nitrogen present, the more intense the color.
Thus, lab-created diamonds are created by introducing nitrogen during the growth process. The amount of nitrogen used will determine the final shade of yellow – from a light yellow to an intense, vivid yellow.
The Quality Of Lab-Created Yellow Diamonds
Yellow diamonds have a distinctive look that make them stand out in a way that a colorless diamond of similar cut, carat and price often cannot. While some prefer the timeless allure of a classic colorless diamond, a vibrant colored diamond is a modern look that more couples are opting for today.
Lighter yellow diamonds are most common and thus are often quite affordable. However, it’s less common to find lab-created diamonds on the lighter end of the color scale, as vivid yellow diamonds are in higher demand, and therefore produced more. These vivid shades are referred to as canary yellow diamonds.
Canary yellow diamonds, or canary diamonds, are fancy yellow diamonds with an intense, vivid hue. These are the rarest and most sought-after type of fancy yellow diamond.
High-end vivid yellow or canary yellow diamonds are very rare in nature but can be much more easily produced by a lab. Thus, synthetic fancy yellow diamonds allow you to buy a stunning vivid yellow diamond ring at a fraction of the price.
As an example of the price difference between vivid yellow natural diamonds and lab-created alternatives, this 1.06 carat, fancy vivid SI1 lab-created cushion diamond is $1,050 at James Allen. While a comparable natural diamond, this 1.07 carat, fancy vivid SI1 natural cushion diamond from James Allen, is $9,910.
Deal Alerts: Get 10% off select lab-grown diamonds and all engagement ring settings during a limited time sales at James Allen.
How Are Fancy Color Lab Diamonds Graded?
Fancy yellow lab diamonds are graded on the same 4 Cs as other diamonds – Cut, Color, Clarity and Carat.
The only difference for fancy yellow diamonds is the color grade. While regular diamonds are given a grade from D to Z, depending on how much of a tint it has, yellow diamonds are essentially just diamonds that are past Z in the scale. Thus the color scale for fancy yellow diamonds gives a grade on the intensity of its color.
The scale goes as such:
- Faint
- Very Light
- Light
- Fancy Light
- Fancy
- Fancy Intense
- Fancy Vivid, Fancy Deep or Fancy Dark
Fancy vivid yellow diamonds, also known as canary yellow diamonds, are the rarest and also the most sought after.
As for grading of lab-created diamonds and natural diamonds, the grading is the same. Lab-created diamonds are, technically, “real” diamonds, so they are graded as such. The same goes for fancy color lab diamonds. They are graded on the same color scale, as well as the rest of the 4 C’s, as a natural fancy color diamond.
You can buy a lab diamond with an IGI (International Gemological Institute) certification. The IGI certificate will ensure you get the highest quality possible.
Price Of Lab-Grown Diamonds
Lab diamonds, especially fancy color lab diamonds, can be found much cheaper than natural diamonds. This is because they are much less rare. A natural diamond takes billions of years to form, whereas a lab diamond can be created over the course of a couple of weeks. Natural diamonds with intense, vivid yellow color are even rarer and come with a premium price as a result.
This is where the biggest saving comes in for buying lab-created diamonds. When you can create a diamond with a deep, canary yellow color on demand, the price is naturally going to be lower.
See this 3.05-carat fancy vivid yellow diamond from James Allen. A natural diamond with such an exquisite grade and hue is extremely rare, which is why it’s priced at $91,320. On the other hand, this lab diamond also from James Allen with the same color, intensity, clarity and carat is just $8,620.
In general, smaller diamonds or fancy color diamonds with lighter hue are much more common and cheaper as a result. However, it’s less common to see low-grade lab-created diamonds, as they are created to fill the higher demand for high-grade, vivid yellow diamonds.
Though lab-created diamonds cost less to buy, be aware that they also have significantly lower resale value. A lab-created diamond essentially carries no inherent value after purchase. A natural diamond tends to retain around 50% of its value, however. Natural diamond prices also traditionally rise, while lab diamond prices are falling at a quite alarming rate.
Tips For Buying Fancy Color Lab Diamonds
As with any diamond purchase, the most important thing to consider is shopping with a reputable jeweler who sells diamonds certified by a top grading institute. We recommend looking for an IGI certification for lab diamonds. James Allen has a range of high-quality lab-created fancy color diamonds, which all come with an IGI certification.
Buying from a reputable dealer, as well as having your diamond inspected by an expert first, will ensure you get a lab-created diamond that is of the highest quality. Many lab-created fancy color diamonds can be overly saturated, giving a color that is closer to bright orange and doesn’t have the same appeal as a vivid canary yellow.
Finally, if you’re going to go with a lab-created fancy yellow diamond, be aware that it will be worth very little on resale. Lab-created diamonds lose almost all their value right after purchase, so ensure you’re comfortable with this before making a decision.
How To Choose The Best Lab-Created Yellow Diamond Engagement Ring
Fancy yellow lab diamonds can be an eye-catching, modern take on an engagement ring, at a much lower cost than if you were buying a natural diamond.
If you’re buying a ring with a fancy yellow lab diamond, consider how the setting will influence the appearance (particularly the color) of the diamond. Diamonds are reflective and can appear darker when reflecting color from the setting. With a fancy yellow diamond, you can often save by buying a lighter shade of diamond and pairing it with a yellow gold basket that reflects through the diamond and makes it appear darker.
As lab-created yellow diamonds are commonly a darker shade already, you likely won’t need to rely on the setting to produce more vivid color. But do be aware of how your setting will contrast or blend in with the color of the diamond.
For a stark contrast, pair a vivid, canary yellow lab diamond with a white gold ring, or clear diamond accents. If you want a more complementary look, pairing a fancy yellow diamond with a rose gold or yellow gold ring will give it a warmer, classic appearance.
5 Lab-Created Fancy Yellow Engagement Ring Examples
Looking for examples of some beautiful lab-created yellow diamonds engagement rings? Check these out.
These are all engagement rings we created using James Allen’s mix and match ring design tool.
1) Lab-created fancy vivid yellow 1.02 carat emerald diamond from James Allen with a 14K white gold split shank solitaire setting.
2) Lab-created 1.09 carat fancy vivid yellow round cut diamond from James Allen with a 14K yellow gold claw prong solitaire setting.
3) Lab-created 1.19 carat fancy vivid yellow princess cut diamond from James Allen with a 14K white gold petite pavé setting.
4) Lab-created 1.65 carat emerald diamond from James Allen with a 14K yellow gold halo pear shaped side stone setting.
5) Lab-created 1.28 carat asscher cut diamond from James Allen with a 14K white gold twisted pavé shank setting.
Here are more lab-grown topics to browse:
- What is a lab-grown / man-made / synthetic diamond?
- What is the price range of lab-grown diamonds?
- What are the differences between lab-grown vs. natural diamonds?
- Where is the best place to buy lab-grown diamonds?
- Does GIA or IGI certify lab-grown diamonds?
- How to use a lab-grown diamond color chart?
- What is the best lab-grown diamond clarity (chart + scale)?
- What is the difference between CVD vs. HPHT lab diamonds?
- What are the best lab-grown diamond stud earrings?
- Where is the best place to buy lab diamond pendants?
- What are the best lab-grown diamond tennis bracelets?
- What is the price of pink lab-grown diamonds?
What we love about them:
- No questions asked returns within 30 days of shipment. James Allen will send you a paid shipping label to return the ring.
- Lifetime Warranty
- Free International Shipping
- Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
- Provide insurance appraisals
- One free resizing within 60 days of purchase
- Free ring inscriptions
- Best-in-class high quality imagery of all diamonds in stock
- 24/7 Customer Service
- Best-in-class packaging
What we love about them:
- No questions asked returns within 30 days of shipment. Blue Nile will send you a paid shipping label to return the ring.
- Lifetime Warranty
- Free Shipping
- Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
- Provide insurance appraisal
- One free resizing within the first year of purchase
- High quality images of about half of their diamonds
- 24/7 Customer Service
- 100% credit towards future upgrades (must be at least double in value)
- Best in class fulfillment
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