How Much Should Be Spent On Engagement Rings? And How to Cut The Cost.
Solitaire engagement rings are the
most popular and are always cheaper.
Engagement is one of the major decisions in your life, and if you want to make the event memorable, you should spend a good amount on your engagement ring. We will discuss how much you should spend to get a perfect engagement ring for your significant other.
Finding perfect engagement rings can be time-consuming and stressful; sometimes, you need clarification to pick a ring from various options. However, if you think this is going to be expensive, we will tell you that it is possible to get your dream ring without draining your bank.
Average Cost of Engagement Rings
You can get a beautiful engagement ring at an affordable price that ranges from $1000 to $5000. If you want something cheaper, you can get that too; some people also set a bigger budget than that, so it all depends on their choices. Everyone has their preferences for buying a ring for their fiancée.
Myths about Engagement Rings Costs
There are several old-school myths about engagement rings brought by society and the expectations attached to them. If you believe and follow them you might end up broke before the wedding. We will discuss some of these myths so you can avoid them.
1. An expensive Ring is better.
We disagree with this statement that you must buy an expensive ring to stay relevant. Although buying an expensive ring sounds elite, you can minimize your budget and still make the best purchase.
You can find a variety of rings online, they have a wide range for everyone based on their budget and preferences. Some diamonds are larger than others, and if you are looking for a large diamond, you can go for an elongated stone like emerald, marquise, oval, or pear.
2. Spend Your Three Month’s Salary
The tradition of three months’ salary in the early 90s, after some time it changed to two months’ salary. Now, it is almost one month's salary. However, this is ridiculous to measure your diamond ring based on the number of salaries.
Although these ideas change with time and new traditions arise, you should be reassured about this myth because there is no rule on how much you should spend on engagement rings.
3. Make it as Colorless and Brilliant as Possible.
Don’t get tricked by color grading while choosing a center stone for your ring; colorless diamonds are more expensive than colored or slightly yellow colored diamonds.
You can get a near-colorless diamond which is not costly as colorless but doesn't look colored either, and it is hard to detect it from the naked eye. Take advantage of the looks and get a near-colorless beautiful engagement ring and save yourself some money.
If you spend a hefty amount on a colorless ring that looks exactly like the nearly colorless one, you are wasting your money when you can get one at cheaper rates than you are spending. You can get a free consultation from our online jewelry shop at Diamonds-USA.
Ways to Cut Cost on Engagement Rings
You can cut your cost on rings and save money by following these tips, we will discuss them below.
1. Avoid Rounded Engagement Rings
Round-cut rings are the most popular shapes for a diamond, costing more than the other shapes.The round-cut shaped ring is in most demand, therefore they are very expensive. How diamonds are cut in rounded shapes also plays an important part in their price. It loses a lot of rough diamonds during the cutting process, and finishing takes up so much effort that they have to increase the price.
Round cut diamond-The
most expensive
The alternative better priced
elegant Marquise shape
2. Color Grade
The color range of your diamond plays a major role in the pricing of engagement rings; it ranges from D-Z; top white diamonds are colorless and expensive, D E & F while some have a slightly yellow color and are barely seen by the naked eye H, I & J.
The diamonds colors scale
I and J are most economic.
3. Clarity
The clarity of your diamond depends on the external blemishes that are natural or internal inclusions. Cutting is the major process while crafting a diamond, impacting its clarity and characteristics.
4. Popular Shapes are Expensive
If you are looking for a way to save money and buy your favorite engagement ring at an affordable price, then we suggest you avoid popular shapes. These shapes are mostly in demand and expensive in the market. Some of these popular shapes are oval and rounded as most celebrities have been seen wearing them.
5. Avoid Rings with Three Stones
Having a three-stone engagement rings is elite but it increases the cost when you add a side stone like half-moons or trapezoids. We recommend you avoid extra stones in your ring if you want to stay within your budget.
6. I prefer a Diamond Created in Lab.
Although the diamonds created in a lab or traditional diamonds look identical, if professionals inspect them, they will not find any difference. However, the diamond created in the lab is more budget-friendly than conventional earth-created diamonds.
You can find various diamonds and gemstones online; some customers prefer traditional diamonds, while more people opt for lab-created diamonds as they are budget-friendly.
7. Wait For Sale Season
Wait for the holiday season to get the perfect engagement ring for your fiancée, this is an excellent time to get promotions, and you can save up a big amount you were going to spend off-season.
Online retailers and jewelry stores also offer sales for several occasions, you can wait for the perfect time to make your purchase, and it would not hurt your bank.
8. Get a Gemstone
All the gemstones are aesthetic and elite-like diamonds but way more affordable. We suggest you ditch the diamond and get a rare gemstone for your engagement ring. You can find them more affordable and budget-friendly as compared to expensive diamonds.
You can get various rare gemstones for your engagement rings like sapphires, Rubies, Emeralds, Aquamarine, Moissanite, Morganite, and many more. These gems are very versatile, have a wide variety of designs, and can be used in conventional and modern engagement rings.
Diamonds-USA.com diamonds search engine
We quickly make small purchases online, but a grand purchase is where we think twice before buying something expensive. There are trustworthy and known online jewelry suppliers where you can get your diamond ring at an affordable price.
Advantages of Making Your Purchase Online
Buying engagement rings online saves your money and a lot of time you will spend driving to your nearest store. We will discuss some of the advantages and how you can save your money while purchasing online.
· Online retailers offer various special services and have advanced technology.
· You can customize your ring online and choose your preferred shape and size.
· Online ring sizer helps you check your size and find the perfect ring size for your finger.
· They have more variety on their website.
· You can find lab-created diamonds in every size, color, and shape.
· They also have a variety of affordable alternatives to gemstones.
· They have return policies and an ideal shipping process.
· Online retailers are available for customer service 24/7.
· Their diamonds are ethnically sourced, they have jewelry insurance assistance, and their interest payment is 0%.
Customize Your Ring Online
You might not find everything you need in the store, but the online customization feature is really helpful for you to set every tiny detail according to your desire and needs. The online customization feature allows being your designer instead, where you don't have to tell someone what you want and how you want your ring. You create your design anddon’t have to ask anyone about your preferences.
How much is too much?
Although, there is no specific price for engagement rings because everyone has a different choice and budget. But we can assume what would be the cheapest options and one should avoid them, and also how much is too much to be spent on an engagement ring.
You are spending too much on the engagement ring if you barely have a little amount left in your bank, and now you can only afford a wedding or a beautiful setup for your wedding. This is too much because you don't have to break the bank to buy costly engagement ringS.
Conclusion
Being in love makes you do beautiful things for your lover, and one of them could be spending a huge amount on the engagement ring. We have discussed how you can cut the cost of the ring for your fiancée and some ways you can follow and still get the perfect ring for your engagement. Online retailers have diverse options, and you can customize your ring online.
