10 Ways to Save Money on Engagement Rings

Posted by onlinejewellery on November 30th, 2021

When you\'re about to get married, part of the wedding planning process is setting up a budget for your engagement ring. However, it\\'s not always easy to stick to that budget. Here are 10 ways that you can save money on this important purchase-

• Calculate How Much the Ring Will Cost

The first thing you should do is to calculate how much the ring will cost. While you might know exactly the amount of money you are willing to spend on the ring, it is still necessary to calculate how much it will cost you in total. You need to know these figures so that you will know whether or not you are able to afford the ring.

• Create a Budget

First things first, in order to buy a diamond ring, you must set a budget. You should consider how much you would like to spend on the ring, how much you can afford to spend, and the price of the setting, which can cost a lot of money.

• Avoid Popular Cut

Popular cut shapes are also very expensive, especially when it comes to engagement rings. For example, if you are looking for a cushion cut diamond, then expect to pay 2-3 times more than a round diamond with similar carat weight.

• Compare Different Vendors

The engagement ring is possibly one of the biggest expenditures you will make in your lifetime, so it\\'s crucial that you shop around for the best deal. By understanding what effect your choice of vendors has on pricing, you\\'ll have a better chance of finding the best ring for the lowest cost.

• Look for Lower Clarity

Lower clarity diamonds are less expensive than higher clarity diamonds, but that doesn\\'t mean they\\'re not beautiful. You must be willing to skip the certificate to enjoy the discounts.

• Avoid Custom Cuts or Modifications

Custom-cut gems are often more expensive than standard ones. If you do decide to make a custom modification, then it should be simple instead of extravagant.

• Go for a Silver Ring

There are various amazing ladies silver rings that are half the cost of a similar quality diamond. Hence, you can choose a silver engagement ring to keep your budget in check while still meeting your style needs.

• Avoid Diamond Rings

Diamonds can be very expensive. However, there are many affordable engagement rings out there that look as good as diamond rings, if not better.

• Choose a Small-Sized Diamond

One of the best ways to save money on an engagement ring is to go for a smaller sized diamond. There are many myths about the size of the diamond you should get for your engagement ring, but diamonds are expensive no matter their size.

• Consider Other Gemstones

Diamonds are mined and processed, while other gemstones are found in the earth. Sometimes, they are found in nature without the effort of searching. There are also companies that specialize in lab-created diamonds, which are similar to mined diamonds but are usually cheaper. You can buy them online, too.