How to Find the Best Deals on Engagement Rings
Ignore anyone who says you need to spend three months' salary on an engagement ring. This is ridiculous. We're here to show you how to get the best deal on an engagement ring so you have plenty to spare for your honeymoon.
Focus on cutting
Don't let a jeweler weigh you down with all that talk about cut, color, clarity, and karats. If you are trying to buy the best ring your budget allows, prioritize the diamond cut.
That's where most of the brilliance of a ring comes from. Diamonds with a "very good" cut rating offer the best value for bargain hunters. They reflect almost as much light as an "ideal cut" but cost significantly less.
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Don't worry about the things you can't see
Jewelers love to take diamonds under the microscope to show their flaws. But how important are these flaws if you can't see them with the naked eye? Save a lot of money and buy a diamond eye cleanser.
That's the industry term for a diamond that looks perfect to the eye. On the clarity rating scale, it is a diamond with a VS1 grade or higher.
Buy an odd size
People tend to buy half carat rings or full carat rings. They don't usually walk into a jewelry store and ask for a 0.95 carat ring or a 0.47 carat ring, and that's something you can take advantage of.
Buy a diamond that is one particle smaller than normal and you can expect savings of at least 15 to 20 percent. That's a huge savings for such a small size difference. Ask a jeweler to show you a one carat ring and a 0.95 carat ring, and you won't even be able to tell the difference between the two.
Choose a Halo configuration
Simulate the appearance of a large diamond by choosing a halo setting. This is a setting where a bunch of smaller highlighted stones surround the center stone.
It can make the center diamond look up to half a carat larger. Use this trick to make a half carat diamond look like a one carat diamond and you could save $ 2,400 or more.
Choose a simple pin configuration
Don't get so involved with the cost of the diamond that you ignore the cost of setting. All that platinum or gold also adds up. To keep the weight of the metal low, opt for a simple pin configuration. It is a timeless look that becomes accessible.
Buying a proprietary ring
Want a spectacular ring without the heart-stopping price tag? Opt for a vintage ring. Most independent jewelers buy and sell real estate jewelry, so you don't have to search far to find heirloom quality engagement rings with spectacular settings and cuts that you can't get today.
And the best part? Since jewelers can generally buy proprietary pieces for less than new pieces, you can expect to pay a little less for your ring.
Do you want to save even more? Then include antique stores and pawn shops in your search for rings. Just be sure to do your homework first, to understand how much you should expect to pay for the size and quality of the stone you are interested in.
You want to be the person who comes out with a great deal, not the person who is forced to pay too much.
Bring your own jeweler's loupe to look like an experienced shopper (you can buy one for around $ 10 to $ 15) and ask all the questions you need to get comfortable with your purchase.
The store may or may not have the documents accompanying the ring, but it should be willing to remove it if it discovers that they have forged something.
Ask them to write a detailed description of the ring on the purchase receipt, including carat weight, the type of metal used in the setting, the quality of the stone, and whether the diamond you are purchasing is, in fact, natural. untreated diamond.
Make sure they know that you intend to have the ring evaluated and will expect a full refund if the evaluation does not match what they told you.
Then proceed with that evaluation. The store may try to recommend a gemologist appraiser, but if you want an unbiased appraisal, it's best to choose your appraiser and avoid telling them where you bought the ring.
Of course, none of that matters if your spouse isn't on board with a second-hand ring. Some people consider it bad luck to marry a used ring, if your partner shares this opinion, do not force the problem or try to steal a used ring. That is no way to start a marriage.
Online store
Online jewelers have less overhead, so they can pay less. Take time to visit local jewelry stores to enhance what you are looking for. Then do your research online.
Reputable companies like Blue Nile and James Allen offer a pressure-free sales environment and a money-back guarantee. For the biggest savings, steer clear of any website tied to a large physical brand. Your online prices are likely no better than in-store prices.
Buy on time
Want the best deal on an engagement ring? Therefore, you may want to avoid asking for marriage on Christmas and Valentine's Day. Since these are popular times to ask the question, the selection is likely to be chosen, making you less likely to find a bargain.
Stay away from that November to February shopping period if you are really determined to find a bargain. The summer months are your best bet. As it is usually a slow sales period, you will find that the prices are much more negotiable.
Choose something other than a diamond
Diamonds didn't become the engagement stone of choice until around 1947. Before that, sapphires, emeralds, and rubies were the norm.
Take back tradition by selecting one of these striking gemstones as the centerpiece of your ring. They are all hard stones, so they stand up to daily use well, and since they cost much less than a diamond, you can buy a much larger stone.
Are you hesitant to break with the current tradition? Then select another colorless gem for your ring. Did you know that there are white emeralds?
Buy from a wholesale store
While you may not live close enough to New York City to buy a wholesale diamond in the Diamond District, you probably don't live far from a wholesale store like Sam's Club, Costco, or BJs.
If that's the case, be sure to include them in your ring search. While there might not be anything particularly romantic about buying an engagement ring from a grocery store, you may find that the price more than makes up for the lack of atmosphere, especially if you get a percentage of your purchase on your refund check. .
Insist on getting a certificate
If you decide to buy your ring online or in a store, it must come with a certificate from the Gemological Institute of America. It is the only way to guarantee that the promised quality is the quality you received. Don't risk such a large purchase.
We hope you enjoy watching this video about How to Find the Best Deals on Engagement Rings
Source: Burrells Jewellery & Watches
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Last update on 2025-03-26 / Affiliate links / Images from Amazon Product Advertising API
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