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How to Save Money When Buying an Engagement Ring

For many, getting married is a once-in-a-lifetime experience and, while a beautiful ring can cost a lot of money, there are many ways in which you can get a better deal.

Here are a few more tips on how you can save money and still buy an incredible engagement ring.

1. Do Your Research

man with red sweater using laptop

Buying an engagement ring isn’t just about walking into the first jewelry store you see and purchasing just any ring. You should do some research first, especially if it’s your first time investing in a ring. You should know at least the average price range of engagement and wedding rings before you go shopping.

There are plenty of different kinds of rings that can serve the engagement purpose. It doesn’t need to be that classic diamond ring we see in movies. The stones come in different shapes, sizes, colors, and styles, so make sure you consider all the options before you choose the right one for your girl.

Estate Diamond Jewelry offers plenty of unique, gorgeous gems from different eras, like vintage ones in all kinds of designs. And that’s not all. You can also use promo codes when available and get a discount when purchasing the ring online. We also offer free shipping and a lifetime warranty.

2. Use Online Calculators

desk with coins calculator phone and laptop

Estate Diamond Jewelry has an online engagement rings calculator that helps you discover how much you should spend on a ring. The calculator gets this information based on different questions you’ll need to answer, such as your annual salary, existing debts, and so on.

This way, you go shopping knowing what to ask for when you enter a jewelry store, and you can plan your budget in advance.

3. Pick the Right Time

when today tomorrow and never sticky notes

Do you know how chocolate is suddenly cheaper after February 14th? Well, it’s not a coincidence. Valentine’s Day is a popular day for proposals, just like Christmas and New Year’s Eve. So, buying an engagement ring anywhere between December and February could mean you’d pay more than usual.

If you’d like to save money on the ring, buy it anywhere between March and November. The proposal can still happen on Valentine’s Day, but you should purchase the ring in advance.

4. Think About Custom Design

Custom Design  ring in a fake hands

Some jewelers can make custom rings based on your input. Sometimes, these rings can turn out to be more affordable than just choosing one from the store.

It’s also a good idea to consider stones other than diamonds. There are multiple gems and rocks that look just as beautiful. If you’re really into diamonds, see if the jeweler can offer an “imperfect” one. Those imperfections are typically invisible to our eyes, but they can lower the price of the ring.

5. Avoid Chain Jewelers

man with eyeglass checking antique jewelry

Chain jewelers like Tiffany’s or Cartier are known worldwide. They have brands that allow them to raise their prices more than you’d think. So, you might want to skip these stores if you’re on a budget.

Searching for smaller, individual stores or online vendors such as Estate Diamond Jewelry may get you a much better deal and the same quality.

6. Cut affects the Size

Cut affects the Size different size of diamonds and a magnifying glass

Worldwide, the difference between carat weight, cut, and size and how they affect diamonds is little understood. Jewelers often have to define ‘largest’ because buyers usually want the biggest diamond within their budget. If you choose the right diamond shape, you can buy one that seems considerably larger without spending more on carat weight. Looking down at your jewelry betrays its size because a diamond looks bigger from the top down.

Carat size, which measures weight, is not the diamond’s size. If you want a certain style, look at diamonds with varied sizes and cuts, even if their carat weights are similar. A diamond with a smaller carat weight may look bigger on your hand due to its cut or proportions.

Comparing diamond cuts and sizes might save you a lot of money. You may locate a cheaper diamond with the style you want with a lower-carat weight or cut!

7. Enhanced Clarity

Enhanced Clarity like a glass diamonds

So you’ve heard that a diamond with several inclusions is apparent to the naked eye? Diamonds of I clarity or lower contain noticeable inclusions that may reduce brilliance.

While this may not matter to most people, enhanced clarity diamonds are ideal for those who want the most beautifully bright diamonds. A revolutionary laser process corrects diamond inclusions and improves clarity. Diamonds of different shapes, sizes, and hues can be treated to produce diamonds of any clarity degree, from IF to F or even I, depending on the treatment. The enhancement lasts for the lifetime of the diamonds (which is forever, as diamonds never fade or degrade), making this a great option for those who desire a better diamond without the price tag.

Buy a diamond with the clarity you want, improved, to save money.

8. Color of the Diamonds

different color of diamonds

D diamonds are the purest, without color, and Z diamonds are light yellow.
However, many people are unaware that diamonds below the color grades of D–F are remain colorless in sunshine, especially when not magnified.

That will save you a lot of money. Pick a diamond that is between G and J Color.

9. Lower Clarity Grades

man checking a diamond using magnifying glass

A diamond with one small but obvious flaw is often a lot less expensive than a similar diamond that is flawless. People who buy diamonds usually don’t know that they don’t look the same when they’re set as when they look at them free. Because of this, many jewelers say that someone on a tight budget (or someone who wants a bigger diamond but doesn’t want to spend a lot of money) should buy a diamond with an inclusion that can be hidden.

A well-placed setting, or pin, can hide that part of the diamond so well that you and anyone else who sees it won’t be able to tell there is a flaw. In fact, when jewelers set diamonds, they always pick the angle that makes the most sense for the setting. This is something they would do anyway.

You can save money on your diamond by getting one with a flaw that can be set in a way that no one will even notice.

10. Carat Weight

Carat Weight in a weighing scale

When you went diamond shopping, you might have had an idea of a 1.00 carat or 2.00 carat diamond. As well as other things, did you know that diamond prices are set in steps based on their carat weight? If two diamonds are about the same in cut, color, and clarity, but not very different in weight, the weight can make a big difference in how much they cost. Most of the time, a 0.90-point diamond will look like a 1.00-carat diamond and cost much less.

Similarly, a 1.90-carat diamond can look like a 2.00-carat diamond and cost much less. If you come talk to us or your dealer, we can help you find a diamond that is less expensive because its carat weight is not below the next price increase, but it will still look the same.

You can save a lot of money on a diamond by getting one that is close to the weight you want, even if it’s not exactly what you had in mind.

Enjoy the Purchase

Although buying an engagement ring, especially negotiating the price of one, can seem like a stressful experience, it doesn’t have to be. Firstly, you should remember that you can absolutely negotiate the price of a ring and if you go prepared, you’re likely to be able to get a discount. Not only that, you’ll be able to enjoy the experience of buying the perfect ring for your future bride.

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Jason

Great Article!

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