Thursday, 11 May 2017

How to Save on Engagement Ring Shopping - Part 1

Do you know you could save hundreds of dollars and still get a beautiful diamond engagement ring? There are a lot of myths and misconceptions surrounding engagement rings. A lot of them have to do with how expensive it can be to buy one. If you use the smart shopping tips below, you can save and also have a gorgeous engagement ring. Let's get started.

Tip No. 1 -  Buy loose diamonds
We always recommend buying loose diamonds separately and then having these diamonds mounted into engagement ring settings you like. This is what a setting looks like:



It is the ring minus the center diamond. This is how most jewelry is made. The setting is made from precious metals like gold and platinum. Once the setting is done, the center diamond is added to the setting like this:



Engagement ring settings come in all shapes and sizes. They can be simple, like the solitaire setting above. You can also choose elaborate settings like this halo or this vintage setting:




Here's something that most people don't know about: Buying a loose diamond and then mounting it on a engagement ring setting is actually cheaper than buying preset engagement rings. So, where do you buy loose diamonds and engagement rings? This brings us to tip no. 2

Tip No. 2 - Buy Online


Beautiful diamonds are actually quite affordable. Surprised? The problem is where you shop, which is with big jewelry chains and retailers. Most chain retailers and mall jewelers have a very high mark-up, sometimes up to 200%. They have high overhead costs like rent, paying for a large staff, upkeep of the store and other costs. All these are added to the retail price of diamonds and so the prices skyrocket. And, of course, you pay a premium for buying from a branded store. But, is there any extra value to buying in a fancy store? Not really, you can get the same, if not better, quality of diamonds online.

Unlike these big brands and chain retailers, internet retailers don't have huge operational costs so their mark-up is quite reasonable.  So, buying your diamond online can potentially save hundreds of dollars.

Tip No. 3 - Browse Online Retailers
Many of the online retailers share a virtual inventory of diamonds. So, if you find a diamond you like, be sure to check other websites. You may just find the same diamond available at a lesser price on another website. You could always buy loose diamonds from one retailer and the ring setting from another retailer, giving you the perfect ring at the right price.


Tip No. 4 - Carat
When looking at loose diamonds for engagement rings, many buyers will try to find diamonds of 1 carat or 1.5 carat. But, if you stay just under the benchmark carat weights like 1.00 ct. tw or 1.5 ct. tw, you can save a lot of money. A .90 ct. wt. diamond will cost significantly less than a 1.00 ct. wt. diamond. And, if that diamond is mounted in the right setting, it can look just as big as  1.00 ct. wt. diamond.

Tip No. 5 - Setting
Some engagement ring settings make the center diamond appear larger than it is, like a halo setting. The surrounding halo of diamonds fools the eye into thinking, this is one big diamond. Another setting is the cathedral setting. In Cathedral engagement rings, the diamond is set quite high, allowing plenty of light to pass through it so it sparkles brilliantly and appears larger. So, choose the right setting to save more.



Start your search from B2C Jewels.

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