How to Save Money On Your Engagement Ring?

Save Money On Your Engagement Ring

Rings are unarguably one of the most expensive things in engagements. And since they relate to a lot of feelings, we also shy from the idea of saving money on them and usually get expensive platinum or gold rings for our engagement. But what if I tell you that with a little knowledge and awareness you can get the best possible ring for your engagement at a highly reasonable price? Won’t you want to do that? If yes, then read further, because in this article I’m going to tell you how you can save money on your engagement ring by choosing the right type of diamond for it. Let’s get started:

#1. Cut

A better cut diamond not just shines more but also hides any imperfections and looks larger than it actually is. If you want to get the best diamond ring for your money, focus on getting the best possible cut that you can afford. Get this thing right and rest will fall in-line more easily.

Diamond cuts are rated on various scales from Excellent to Very good, Good, Fair and Poor. On some websites of diamond retailers you will also find a category called “Signature cut” that will be above excellent. The pricing of diamonds in these cuts vary significantly, and you should try to get the best cut that you can afford.

#2. Color

The next thing you should pay attention to is Color. Diamond colors come in a number of variations from D to Z. Again, D is the most colorless, so it costs the most. However, except for a diamonds expert no one can tell the difference between a color D and color G, even if both of them are put next to each other so you should get a color G or H if you want to save the money.

#3. Clarity

The clarity of a diamond refers to the blemishes and other inclusions in it, and it is another thing that increases or decreases its price. There’re various levels in this criteria as well, with FL (flawless) being the best, IF (internally flawless) being second best and various other inclusion levels like VVSI (very, very slight inclusions) to I3 (eye visible inclusions).

Among this whole lot of clarity levels, SI1 and SI2 (slight inclusion levels 1 and 2) will be the most reasonable choices for you from a price and value perspective. Diamonds of both these categories tend to be clear enough that inclusions won’t be visible until they’re examined under a microscope (which is not something that most partners do).

#4. Carat

Some decent amount of money can also be saved by dropping your carat level just a little to fall under a different range. For example, rather than getting a 1 carat diamond you can get almost similar looking diamond by choosing a 0.95 carat piece as well. Avoid falling for round numbers.

#5. Ring Metal

Finally, once you have your diamond decided, you may save some money on the choice of ring metal as well. Platinum tends to be the costliest, so you will be better off with white or yellow gold rings for your engagement.

Bottom Line

The idea of saving on an engagement ring isn’t necessarily a bad one. It just means that you want to ensure that every penny that you spend is justified. As I said in the beginning, a little knowledge can go a long way in getting you the best possible engagement ring at best possible price. And I hope that information given above will help you in doing that. Happy shopping!