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How to Save on Engagement Rings

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Authored by Veronika Fevers in Jewelry
Published on 05-26-2009

With the state of the economy the way it is, many people are trying to save money in every way possible. Engagement rings are no different. If you are thinking of proposing to your girlfriend, it is important to know how to save on engagement rings. These tips will help you get the most bang for your buck where the most important piece of jewelry you will ever purchase is concerned.

Buying stones loose and having them set is a great way to save on engagement rings. In purchasing the stone separately, you can save between 10-25% when compared to a preset engagement ring. Diamond wholesalers can also help you in selecting a stone to fit your budget.

Use a slightly smaller diamond for her engagement ring. A diamond that weighs in at 0.95 cannot be visually differentiated from a full carat. That slight difference in carat weight can save on your engagement ring without her (or her friends) knowing the difference.

Stay clear of princess cuts when looking for an engagement ring. This cut requires a higher carat weight, not to mention the fact that princess cut diamonds tend to look smaller by comparison. To get the most bang for your buck, and to save on her engagement ring, look towards round and marquis cut diamonds.

Try white gold instead of platinum if you are looking to save on engagement rings. This white metal looks very similar to platinum at a huge savings. Even with the price of gold being high at the moment, it is far less expensive when compared to platinum.

Make the stone the focal point of the engagement ring. It is unnecessary to go all out on a fancy setting when purchasing an engagement ring. If you buy the right stone, it will be overshadowed anyway. You can save a great deal on engagement rings if you keep that fact in the back of your mind when looking.

Avoid designer stones when you are trying to save on an engagement ring. These designer cut stones are no different in quality than a great cut no namer. As with anything else, you are paying for the name- at a 10-15% mark up.

Look to diamond wholesalers and jewelry designers. This option allows you to save as there is typically no middle man involved. Jewelry factories tend to have more leeway in regards to price points as they make it themselves- this translates into savings for you. There are also several home shopping networks that offer similar pricing advantages by doing just this. This can save you a nice amount on an engagement ring.

These tips will help you buy her the best diamond engagement ring for your dollar. There is no reason you shouldn’t be able to buy her a ring that will “wow” her without breaking the bank. These are simple ways to save on an engagement ring, and if you keep these tips in mind when looking you can save a great deal.

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