However, unlike natural diamonds, lab-grown stones don't increase in value at all.
Natural diamonds were 'a winner' during the pandemicMan proposing to his girlfriend on Christmas Eve.
Shoppers will also need to consider that the supply of natural diamonds is declining as the world runs out of resources, he added.
Man-made diamonds might come to be considered "costume jewelry" in the future, said Benjamin Khordipour, manager of Estate Diamond Jewelry in New York.
"People looking to buy an engagement ring or a piece of fine jewelry are going to continue to want natural diamonds."
Persons:
Bryan Miguel, Zimnisky, Martin, Kay Jewelers, Benjamin Khordipour
Organizations:
Signet, Signet Jewelers, Jewelry
Locations:
U.S, Zales, New York