In a small saucepan, combine the water, sugar, and dried lavender buds.

Place the saucepan over medium-high heat. Stir continuously until the sugar has completely dissolved. Bring the mixture to a gentle boil, then immediately reduce the heat to a low simmer. Let it simmer gently for 2 minutes.

Remove the saucepan from the heat. Cover it and let the lavender buds steep in the warm syrup for at least 30 minutes.

Pour the syrup through a fine-mesh strainer into a clean glass jar or bottle. Let the syrup cool completely and store it in the refrigerator for up to 3 weeks.