Buying A Ring On A Budget

Buying a engagement ring can be stressful.
This stress can be even more evident when your are trying to work within a fixed budget. I can be hard figuring out where you should put your money and deciding where you should compromise to make the most of your budget?

Here are our top tips on how you can buy the dream engagement ring on a budget.

Where To Compromise:

COLOR

The diamond color rating is a place you can compromise if you are buying a diamond ring that has a yellow or rose gold band. You can opt for a lower color rating since the gold color reflects into the diamond. With a warm toned band, like rose gold or yellow gold, the impurities in diamond color are less noticeable.

KARAT

If you are trying to save money consider going with a lower karat gold. Opt for 14K instead of 18K  or white gold instead of Platinum.  However, this will save you money short term, the lower the karat, the more likely you are to see scratches in the ring. Also, a lower karat gold may dull over time, this means that you may have to get the ring re-dipped over its lifespan.

HALO

If you are looking for a voluminous ring with the “wow factor”, consider purchasing a diamond with a halo. While you might be thinking that seems crazy, adding more diamonds when you’re already on a budget, however, a halo can save you money. By adding a pave of diamonds around your center stone, you are adding volume and brilliance to your ring. A halo can make the center stone look up to half a carat larger.

CLARITY

If you make sure that your inclusions (imperfections) are on the outside of the diamond, you can purchase a diamond with a lower clarity. This means a VVS2 can look very similar to a VS2.
Be careful though! You never want inclusions in the center of your stone, as this will result in a speckled, less sparkly, diamond due to light being unable to refract in the diamond properly.

CENTER STONE

If  your partner is open to the idea of other gems, you can pop the question with a unique, budget friendly ring.  When considering your options for a engagement ring, keep an open mind. Create a beautiful engagement ring that your partner will love, out of less traditional gems. Sapphires, pearls, rubies, emeralds, and other colored fine gems make excellent options. To ensure quality, always stay in the precious or semi precious family and never buy treated gems.

WHITE DIAMONDS

White diamonds are stones you can compromise on if she likes the look of a diamond but is willing to choose a different precious stone. Just remember, like with any gemstone, stick to precious or semi precious and stay away from treated gems.

Embrace: A White Sapphire
Sapphires are the 2nd strongest gem next to diamonds and hold up well overtime. The limitation with this option is white sapphires are quite rare and finding them can be difficult.

Avoid: Moissanite & White Topaz
While these stones look beautiful when first purchased they become foggy and loose their luster over time. Not ideal for long-term jewelry like an engagement ring.

THE TAKEAWAY:

When you go looking for that special ring keep in mind two important factors: What do you feel comfortable spending? What attributes are most important to you? Is it the size, the quality, or  should you consider a different gem?  Having a budget range before you head out will reduce your stress, and limit the chance of buyers remorse from overspending. While no jeweler expects you to know everything, having an idea of the things you value will give you peace of mind and more confidence while shopping.