Shopping for an engagement ring is not a decision you should make lightly. After all, it’s a ‘forever’ ring. It’s a big investment to make, and if you’re looking for affordable alternatives, or ways to make you ££ stretch further, then read ahead.
Some people say you should spend two months salary on an egagement ring – at least. But, we’re in more financially tight times now, and in a world where weddings are getting increasingly expensive. So the first rule is to not worry about this – you can get some stunning rings which don’t cost £3,000 upwards!
There are many different ways to save money on your engagement ring without compromising on the quality or the sentimental value of a beautiful ring. Of course, if you do wish to put 2 months salary down on a ring, then it is your choice. But it’s better you understand everything about diamonds and rings first, and shop for some lovely that you feel is suited for the love of your life.
Understand the 4 C’s of Diamonds
The big reason why engagement rings are so expensive is because of the diamond that makes it so special. If you’re looking to save money on your engagement ring, it’s important that you understand and learn more about the 4 C’s of Diamonds:
The 4 C’s of Diamonds
Carat – The weight of a diamond. The heavier a diamond is, the higher its price.
Cut – The shape of a diamond. The more perfect a diamond’s cut is, the higher its price.
Color – The measure of how little color, or ‘colorless’, a diamond is. Colorless diamonds are the most expensive.
Clarity – The measure of how flawless a diamond is. Flawless diamonds are the most expensive.
Tips to Use the 4 C’s to Save Money on a Diamond Ring
- Don’t go for flawless diamonds – Diamonds with inclusions are more affordable. The flaws are often only visible through a magnifying glass. In fact, it’s hard to identify a flawless diamond next to a one with a lot of inclusions, with just the naked eye.
- Shop just below a Carat size – For example, a 1Ct diamond ring can cost you £2000 upwards. But a 0.85Ct diamond ring can be as low as £1000. The size difference is almost unrecognisable, but the price makes a big difference.
- Avoid Colourless Diamonds – The colour grading of coluorless diamonds are D, E, and F. These are the most expensive diamonds. Near Colourless diamonds are cheaper, these are G, H, I, and J. The most affordable diamonds are within the colour grades K to R.
These 4 characteristics significantly affect the price of a diamond ring. If you have a good idea of what makes a diamond more expensive, then it’ll be easier to find the more affordable choices. The more you know, the better chance to save money on your engagement ring.
Take Your Time to Do a Lot of Research
In the jewellery industry, one diamond ring design can be sold for different prices, by different brands. For example, a 2 Carat diamond ring can be given a price from anywhere between £3,000 to £10,000. It all depends on the different characteristics of a diamond (the 4 C’s), and the brand itself.
To get the best value for your money, and ultimately save money on your engagement ring, it’s important to take your time to do your research. The more jewellery stores you browse through, the more chances you’ll have to find an affordable option that suits your preferences and budget. Also, you could ask your partner to create a Pinterest board, pinned with rings she loves. Take this with you (keep on your phone) when you go shopping, and show the jewellery experts so they can help you.
It’s also worth being aware of the styles of engagement rings. A lot of men can tend to think of the one main popular style – which is a soliataire ring – but in actual fact there are so many more. Halo, illusion, trilogy, cluster and side stone are just a few to mention! If you shop at a reputable store who specialise in engagement rings, like Abelini Jewellery, they will allow you to shop via style, so you browse under each style of ring, seeing what prices they come at, and whether that particular style could be the one for your partner.
Shop According to Your Budget
The second you begin shopping for your engagement ring, you’ll immediately be bombarded with hundreds of options online. There are so many options, and so much information to read through, that the process can be overwhelming. If you’re looking to save money on your engagement ring, the best way to approach the shopping process is to shop according to your budget.
Limit your search to a specific budget to narrow down your choices, and make the entire experience a lot easier to do. Set the price to the maximum you’re willing to spend, and judge whether the options are perfect for your lady.
Shopping according to your budget will eliminate the unnecessary effort of browsing through hundreds of diamond designs that you won’t buy. And it will shorten the time it takes for you to find the perfect ring within your budget.
Avoid Shopping at Expensive Shops; Shop Online
Don’t waste your time comparing high street jewellery stores and boutiques – stick to online shopping. You’ll only be disappointed at just how much more expensive diamond engagement rings are at boutiques and physical shops, compared to shops at an online jewellery store. This is a big tip if you’re hoping to save money on your engagement ring, or get the best price. You’ll find far more affordable diamond rings online than at your local jewellery shop.
Don’t Shop at the Big Brands
The second you start searching for engagement rings online, big names such as Tiffany & Co, Cartier, or DeBeers will pop up everywhere. These are the most well-known designer diamond jewellery brands. These are also the most expensive brands for engagement rings.
You need to avoid these big brands if you’re looking to shop for affordable engagement rings or to get more for your money. There are lesser-known brands that offer high-quality jewellery, without the designer price tag but offer incredible designs. You’ll immediately know which brands are ridiculously expensive and which ones are within your budget range once you do research online.
Look for the Best Value for Your Money
You don’t have to pay for the diamond ring alone. You can also shop to get the best value for your money. This means additional services and advantages that go along with a purchase.
Ask for the following:
- Warranty
- Return Policy
- Free Shipping Fee
- Free Cleaning and Maintenance Services
- Engraving
- Re-sizing
Shop with these factors in mind. You’ll get the best value for your money if you buy a ring with additional perks from the jewellery shop. In most cases, online shops offer these. It is very important to have a warranty and return policy, and for you to read these before you buy.
Conclusion
Follow these helpful tips to make sure you get the most from your money when shopping for engagement ring, as well as making your entire shopping experience easier and more enjoyable. This shouldn’t be a difficult or stressful situation, and you shouldn’t feel pressured to spend a quarter of your yearly salary!
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