There’s no denying that big-ticket items like engagement rings can be incredibly expensive. However, that doesn’t necessarily mean it’s impossible to keep costs low without making concessions that could compromise the quality of the piece of jewelry’s beauty or quality. Nevertheless, you can get what you want at a price that won’t put you in dire financial straits with a few smart decisions. From understanding the diamond 4 C chart to selecting the ideal setting, there are ways to ensure that you wisely allocate the budget and get the most value out of your money.
Steer clear of round-cut rings
While they’re the most popular shape for diamonds, round-cuts tend to cost more than many other shapes. The high demand for rounds makes them pricey, and the way they’re cut contributes to the significant difference in price compared to others. Since a considerable amount of rough diamond tends to get lost during the process of cutting, diamond suppliers generally make up for it with an increase in the finished cost per carat. So if possible, look for other shapes instead. It will go a long way in lowering your expenditure.
Look for less-popular shapes
Just as you’ll save yourself some money by avoiding round-cut diamonds, you can also reduce costs by opting for less-popular shapes. For example, oval shapes are in high demand as of late, thanks in no small part to the many celebrities who wear them. But unfortunately, the price for these shapes has increased considerably because of the lower inventory. And if you choose to go for a less in-demand one, you’ll have a greater chance of saving more than you otherwise would have.
Choose G color
Most people prefer the aesthetic look of colorless diamonds—D-F based on the color scale of the GIA—but are also after maximizing their respective budgets. You can make the most out of your purchase by choosing to go for a G color piece and staying just beneath the colorless range. After all, comparing a G color with an F color will give a nearly imperceptible difference in look but cost far less.
Micropavé diamonds are popular setting designs. However, they’re also labor-intensive, making them more expensive. By limiting the micropavé setting, you can significantly bring down the cost of your piece. Best of all, the simplicity in the design will show off more of the diamond’s quality and will look more appealing in turn.
Consider the dimensions of the stone
The weight of the stone’s carat won’t necessarily reflect how big or small it appears. For example, shallow diamonds will appear larger than deeper ones. So be sure to consider the dimensions and measurement of the stone on the report and not just the weight.
Contrary to popular belief, you don’t necessarily have to break your budget to buy an engagement ring that your partner will love and cherish. By keeping the tips mentioned above in mind, you’ll spend no more than you need to on the desired piece.