As a gemologist who has spent the last decade in Hatton Garden, I’ve witnessed more change in the past few years than in the entire preceding century.

The topic on everyone’s lips, from seasoned dealers to couples searching for their diamond engagement ring, is the rise of lab-grown diamonds. What was once a niche curiosity has become a seismic shift, transforming how London’s iconic diamond district operates.

The question is no longer if you should consider a lab-grown diamond, but how you should approach buying one in a place as historic as Hatton Garden.

Many of my clients arrive with a mix of excitement and confusion.

They’ve heard that lab-grown diamonds are cheaper, more ethical, and visually identical to their mined counterparts, but they’re unsure if they can trust them.

They’re also trying to understand lab-grown diamond prices in the UK, and whether buying certified lab-grown diamonds in London offers the same peace of mind as a mined stone.

They wonder if Hatton Garden’s traditional jewellers have truly embraced this new technology or if they’re just cashing in on a trend. This guide aims to demystify the lab-grown diamond market in Hatton Garden, offering you a clear, honest, and expert perspective.

We’ll explore the nuances of this evolving landscape, from the changing inventory of local jewellers to the significant impact on pricing and consumer choice.

My goal is to empower you with the knowledge to navigate this exciting new era of diamond buying, ensuring you find a diamond that not only fits your budget but also aligns with your values and desires.

Whether you’re drawn to the timeless allure of a natural diamond or the innovative appeal of a lab-grown stone, understanding the Hatton Garden market in 2026 is key to making an informed decision.

The Enduring Allure of Hatton Garden

For centuries, Hatton Garden has been the beating heart of the UK’s jewellery trade.

Its cobbled streets and historic buildings house a unique ecosystem of master craftsmen, diamond dealers, and bespoke jewellers.

This district has always been synonymous with quality, trust, and unparalleled expertise. However, even a place steeped in such rich tradition must evolve to remain relevant.

The advent of lab-grown diamonds presented both a challenge and an opportunity for Hatton Garden a chance to redefine its offerings while upholding its core values of craftsmanship and customer service.

The district’s ability to adapt, while retaining its unique charm and expertise, is a testament to its enduring legacy in the global diamond industry.

Why Lab-Grown Diamonds are Reshaping the Market

Lab-grown diamonds are not merely a passing fad; they represent a fundamental shift in consumer values and technological capability.

Created in highly controlled laboratory environments, these diamonds possess the exact same chemical, physical, and optical properties as their mined counterparts.

The key differences lie in their origin, their environmental footprint, and their price point.

For a generation increasingly conscious of ethical sourcing and sustainability, lab-grown diamonds offer a compelling alternative.

Their affordability also means that a larger, more brilliant stone is now within reach for many, allowing couples to maximise their budget without compromising on the visual impact of their engagement ring.

This combination of ethical appeal and economic advantage has propelled lab-grown diamonds into the mainstream, forcing the entire diamond industry, including traditional hubs like Hatton Garden, to take notice and adapt.

Table of Contents

Hatton Garden’s Traditional Diamond Model vs. The 2026 Reality

Hatton Garden’s reputation was built on a foundation of trust, exclusivity, and a deep-rooted connection to the natural diamond trade.

For generations, its approach was defined by a set of core principles.

However, the arrival of high-quality, certified lab-grown diamonds has forced a rapid evolution. Here’s a look at how the old model compares to the new reality of 2026.

Aspect

The Traditional Approach (Pre-2020)

The Adapted Model (2026)

Diamond Type

Exclusively mined diamonds, with a strong emphasis on their natural rarity, geological origin, and the romantic narrative of a stone formed deep within the Earth over billions of years.

A dynamic, hybrid inventory that strategically incorporates both ethically sourced mined diamonds and high-quality, certified lab-grown diamonds to cater to a broader spectrum of client needs.

Pricing

Premium, quality-led pricing, often with a significant markup reflecting the rarity and traditional value of natural diamonds. Prices were typically higher, catering to a clientele for whom exclusivity was paramount.

A more nuanced, tiered pricing strategy where lab-grown diamonds offer a significantly more accessible entry point, enabling clients to achieve a desired carat weight or quality within a broader range of budgets.

Buyer Profile

Primarily established, legacy buyers and collectors, often with a focus on the long-term investment potential and the prestige associated with owning rare natural diamonds.

A significantly broader demographic, including younger, ethically-conscious buyers who prioritise sustainability, as well as those seeking larger, more visually impressive stones within a defined budget.

Sales Model

Predominantly in-person, highly relationship-based sales, built on years of trust and personal connections. The experience was intimate and exclusive, relying heavily on direct interaction.

A sophisticated blend of in-person consultations complemented by robust online education and digital engagement. There is a strong emphasis on transparency and explaining the science behind lab-grown diamonds.


How Hatton Garden Is Adapting to Lab-Grown Diamonds

The shift towards lab-grown diamonds in Hatton Garden isn’t just about adding a new product to the inventory; it’s about a fundamental change in mindset, business strategy, and even the very culture of this historic district.

Jewellers who want to thrive in this new landscape are adapting in several key areas, demonstrating a remarkable flexibility in a trade often perceived as resistant to change.

This adaptation is driven by a powerful confluence of evolving consumer preferences, rapid technological advancements in diamond creation, and an imperative to remain competitive in a dynamic global market.

Area of Change

What’s Happening in Hatton Garden

Product Range

Most forward-thinking jewellers in Hatton Garden have expanded their inventories to offer a meticulously curated selection of both lab-grown and natural diamonds. This strategic decision allows them to engage in honest, transparent conversations with clients, presenting the distinct advantages and considerations of each option without bias.

Education

The role of the jeweller in Hatton Garden has evolved significantly, with the best establishments now acting as dedicated educators. They are transforming their showrooms into interactive spaces of learning and discovery, where clients can explore the intricacies of both natural and lab-grown diamonds. Many Hatton Garden jewellers now also explain the difference between CVD and HPHT lab-grown diamonds, as the growth method can influence pricing, crystal strain, and post-growth treatment.

Pricing Strategy

The introduction of lab-grown diamonds has ushered in an era of unprecedented price transparency and flexibility. Jewellers are now adept at creating nuanced, tiered pricing structures that allow clients to make strategic choices, such as choosing between a premium natural diamond or a larger lab-grown stone for the same budget.

Customisation

The enhanced affordability of lab-grown diamonds has acted as a powerful catalyst, fuelling a huge surge in demand for bespoke engagement rings. Clients can now confidently allocate a larger portion of their budget towards the intricate design, exquisite craftsmanship, and personalised details of the ring itself.

Certification

Reputable Hatton Garden jewellers are now providing independent grading certificates for their lab-grown diamonds as a standard practice, typically issued by world-renowned laboratories such as the IGI or, increasingly, the GIA. In most cases, IGI remains the most common certification for lab-grown diamonds, but in 2026 we are increasingly seeing GIA certification requested by buyers who want maximum grading consistency.


Are All Hatton Garden Jewellers Embracing Lab-Grown Diamonds?

While the shift is undeniable, it’s important to understand that not every jeweller in Hatton Garden has adopted the same approach. The market is currently a mix of traditionalists and innovators.

·       The Traditionalists: Some of the older, more established businesses in Hatton Garden remain steadfastly committed to a mined-only model. They often cater to a clientele that deeply values the history, rarity, and perceived investment potential of natural diamonds. For these jewellers, the allure of a stone formed over billions of years deep within the Earth is paramount. These establishments often pride themselves on their long-standing relationships with diamond mines and cutters, offering a curated selection that speaks to the connoisseur of natural geological wonders.

·       The Hybrids: The majority of Hatton Garden jewellers now fall into this dynamic category. They represent the evolving face of the district, understanding that consumer demand is a powerful force shaping the market. These jewellers have proactively adapted by offering a comprehensive selection of both lab-grown and natural diamonds, often displayed side-by-side to facilitate direct comparison. This approach allows them to provide a balanced, client-focused service, catering to a wider range of preferences, budgets, and ethical considerations.

·       The Innovators: Newer, design-led studios and contemporary jewellers have been at the forefront of the lab-grown diamond movement in Hatton Garden. They embrace lab-grown diamonds not just as a more affordable alternative, but as a sustainable, ethical, and technologically advanced choice that resonates deeply with the values of a modern generation of buyers. These establishments often push the boundaries of design, leveraging the accessibility of lab-grown stones to create truly unique and artistic pieces.

Ultimately, it’s the undeniable force of consumer demand that is shaping the future of Hatton Garden, compelling even the most reluctant jewellers to adapt. As more and more couples, particularly those from younger generations, actively seek out and ask for lab-grown diamond engagement rings, the market has no choice but to evolve.

Lab-Grown vs. Natural Diamonds: A Hatton Garden Comparison

When you’re standing in a Hatton Garden showroom, perhaps with a stunning 1 carat diamond engagement ring in mind, and you’re looking at two stones that appear visually identical, it can be genuinely perplexing to understand why one costs thousands of pounds more than the other. This comprehensive table breaks down the key differences from a buyer’s perspective, moving beyond mere appearance to delve into factors like origin, value, and ethical considerations.

Factor

Lab-Grown Diamonds

Natural Diamonds

Price

Significantly more affordable, typically 40-75% less than a natural equivalent. This substantial price difference allows you to acquire a much larger or higher-quality stone for your budget, making a dream diamond engagement ring far more attainable.

A potential investment due to its inherent rarity, finite supply, and the significant costs associated with exploration, mining, and distribution. The price of natural diamonds increases exponentially with size and quality, reflecting their geological scarcity.

Ethics & Sustainability

A transparent and traceable origin, with a significantly lower environmental impact than mining. Guaranteed to be conflict-free.

While the Kimberley Process has made strides, ensuring complete traceability can still be complex. For many ethically-conscious buyers, the environmental impact of diamond mining remains a significant concern.

Visual Appearance

Optically, chemically, and physically identical to a natural diamond, making them indistinguishable to the naked eye. A lab-grown diamond offers the same brilliance, fire, and scintillation as its natural counterpart.

The classic, traditional choice. Each stone has a unique story, having been formed over billions of years deep within the earth.

Availability

The supply of lab-grown diamonds is increasing rapidly as manufacturing technology continues to advance. This scalable production has been a primary driver behind their falling prices and consistent availability.

The supply of high-quality natural diamonds is inherently finite, a geological reality that underpins their perceived rarity and long-term value. As a non-renewable resource, their scarcity is a key differentiator.

Resale Value

Currently, lab-grown diamonds have a low to non-existent resale value. Buyers should consider lab-grown diamonds as a purchase for their beauty and immediate enjoyment, rather than as an investment.

While most natural diamonds will hold some intrinsic value, they are generally not a financial investment. Buyers should realistically expect to sell a natural diamond for significantly less than its original retail purchase price.

How Lab-Grown Diamonds Have Shifted Pricing in Hatton Garden

The arrival of lab-grown diamonds has had a profound democratizing effect on the Hatton Garden market, fundamentally reshaping the landscape of luxury. It has made high-quality diamond engagement rings, once considered aspirational for many, more accessible than ever before. This shift has moved the conversation from one of exclusivity to one of unparalleled value and personalised expression.

Diamond Type

The Impact of Lab-Grown Diamonds on Pricing

Entry-Level Engagement Rings

The biggest change has been in the sub-£3,000 market. It is now possible to acquire a beautiful, high-quality 1 carat lab-grown diamond engagement ring for a price that previously only afforded a much smaller natural diamond.

1–2 Carat Diamonds

Lab-grown diamonds have made larger stones, particularly in the 2-carat range, a realistic option for many more buyers. A magnificent 2 carat lab-grown diamond can often be purchased for a price comparable to a 1 carat natural diamond.

Bespoke Designs

As clients spend less on the diamond itself, they are increasingly reallocating their budget towards the design and craftsmanship of the ring, leading to a surge in demand for bespoke engagement rings in Hatton Garden.

Comparison Shopping

The transparent pricing of lab-grown diamonds has injected a new level of competitiveness into the entire Hatton Garden market, compelling jewellers to offer more competitive pricing and better value across their entire inventory.


Frequently Asked Questions

Are lab-grown diamonds widely accepted in Hatton Garden?

Yes, absolutely. While some traditionalists remain, the vast majority of jewellers in Hatton Garden now offer lab-grown diamonds. It has become a commercial necessity driven by overwhelming consumer demand. In 2026, you will find them in almost every showroom.

Can I buy both lab-grown and natural diamonds in Hatton Garden?

Yes. Most jewellers now operate a hybrid model, offering both options side-by-side. This allows you to compare them in person and have an open conversation with a gemologist about which is the right choice for you and your budget.

Are lab-grown diamonds cheaper in Hatton Garden than online?

Not always. Online retailers can sometimes offer slightly lower prices due to lower overheads. However, the benefit of buying in Hatton Garden extends far beyond the sticker price, encompassing the invaluable expertise of seasoned gemologists and the ability to inspect the diamond in person.

Do Hatton Garden jewellers certify lab-grown diamonds?

Yes, unequivocally. Any reputable jeweller in Hatton Garden will provide an independent grading certificate for a lab-grown diamond, typically issued by world-renowned laboratories such as the IGI or the GIA.

If you’re considering a lab-grown diamond engagement ring in Hatton Garden and want honest guidance on certification, value, and design, the best approach is always to compare stones side-by-side in person. In 2026, transparency is everything — and the right jeweller will help you choose confidently, without pressure.

At Mouza Fine Jewellery, we offer private consultations to help you compare lab-grown and natural diamonds and create a bespoke engagement ring designed around your budget and values.

About the Author:

Amr Ramadan is a Gem A certified gemologist (DGA) and the founder of Mouza Fine Jewellery. With over 10 years of experience in the UK jewellery industry, including as a lead gemologist in major Hatton Garden showrooms, Amr is dedicated to providing transparent advice to help clients find the perfect diamond.

References:

[1] Regal Hatton Garden. (2025, September 23). The Evolution of Lab Grown Diamonds | The Complete Guide. Retrieved from https://regalhattongarden.co.uk/blogs/lab-diamonds/the-evolution-of-lab-grown-diamonds

[2] The Guardian. (2025, January 25). Diamonds lose their sparkle as prices come crashing down. Retrieved from https://www.theguardian.com/business/2025/jan/25/diamonds-lose-their-sparkle-as-prices-come-crashing-down

[3] LinkedIn. (n.d.). United Kingdom Lab-Grown Diamonds Market Size, Share, Supply. Retrieved from https://www.linkedin.com/pulse/united-kingdom-lab-grown-diamonds-market-size-share-supply-eq63e/

February 09, 2026 — Amr Ramadan’s

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