How to save Money When Buying An Engagement Ring
If you’re planning to pop the big question, we have compiled this list to help you save money on buying a diamond and setting for an engagement ring.
1. Buy the Ring Online Like most stuff you can buy on the internet, buying an engagement ring online is no longer a scary job. Most well known big hight street jewellers and and smaller jewellers, like our selves will have a well designed, accesable website with a whole range off rings and diamonds available to buy. Most online retailers are also very competitive with their prices so will constantly re-evaluate prices and lower profit margins to provide the best possible price. You can usually save anything inbetween 30-80% off highstreet prices. Many websites also allow you to create your own engagement ring by selecting a diamond from thousands of options and selecting a setting style along with metal type to suit your needs and budget, making the whole experience stress free.
2. Research Diamonds, Metals, Styles and Jewellers There is tunds of information available on the internet to help you research all the things you need to know about buying an engagement ring. Read Diamond Enduaction Guides and Metal Comparison. You should also take some time to to research different jewellers. Check out their sites, social network like Facebook and Twitter and check out reviews on the company from third party review sites like Google Reviews and Feefo. By researching diamonds you will learn not to over spend on colour or clarity grades that are not noticable to the naked eye and add more money onto the price of the diamond.
3. Get in Touch With the Jeweller Jewellers strive on providing the best price and want to help, so getting intouch with them by phone or email, depending on what you are looking for will often pay dividends Most jewellers will actively want to help you. Striving to provide the best price and service should be the bedrock beneath most small retailers. By getting in touch, you can open up a direct line of communication, inviting that company to provide you with the best they can. A simple phone call or email can often pay dividends depending on what you are looking for.
4. Avoid Buying into a Brand Like most products, buying a diamond engagement ring from a well known brand like Tiffany & Co or Debeers, only means you will be paying to wear the name. You can buy the same quality for much less from a smaller jewellers. You could even get more for your money and go for a better diamond from a less known jewellers.
5. Buy Straight Away If you know your budget, the diamond you want, the ring setting and you have found the best value after shopping around, we suggest you buy straight away as prices generally do rise over time. This is due to the changing prices of diamonds and precious metals.
6. Select a Multi Stone Diamond Ring Sometimes a total carat weight of one diamond can work out more expensive than a number of diamonds totalling the same carat weight. So you could chech is a three stone diamond engagement ring or an engagement ring with diamonds set on the shoulders is a cheaper option.
7. Select a Lower Diamond Colour Grade Although Colour grade D is the best and the whitest colour option, it can add more on to the total price of a diamond. There is little difference with between colour grades D to G. So selecting one of these colour grades will save money and still achieve a white diamond.
8. Lower Your Diamond Clarity The same applies to a diamonds clarity grade. A diamond graded IF will have no internal inclusions and is the purest diamond you can opt for, but will come at a greater cost. Diamond VS vvery slight inclusions still have a high clarity grade with internal inclusions not clear to the naked eye but will cost less.