If you are in the market for an engagement ring, there’s a good chance that you’ve put some thought, and perhaps some savings, into it.
It can be stressful, however, as you want the stone and the ring to be a reflection of your relationship and your feelings for your life partner.
If money grew on trees, most people would love to spend a fortune on the perfect diamond ring, but that’s not realistic. Nor is it necessary.
It is possible to get a perfect engagement ring on any budget. At Adamar Diamonds in Toronto, we can help you do it.
If you are still in the planning phase, perhaps you’d like to know that there are some tricks of the trade that can help save money on a diamond ring. You can stay within a budget without sacrificing the beauty of quality of the engagement ring by following this advice.
Engagement Ring Research
Before you go into a showroom to look at diamonds and engagement rings, get informed about what you’re looking for.
This includes understanding the four C’s of a diamond — cut, clarity, colour, and carat. It is the different combinations of these qualities that determine the price.
It is the different combinations of these qualities that determine the price.
Knowing which of these qualities is most important to your partner will help you allocate your money so you can stretch it further. If the cut of a diamond, or how much it catches the light, is important, you can make sure you save some funds for that quality.
Related Article: How To Choose An Engagement Ring
However, the carat, clarity and colour of the diamond are the biggest drivers in price. If any of these qualities are important to your partner, doing your research will help you allocate your funds correctly.
Colour, for example, is again on a spectrum of options that ranges from D to Z. We offer a large range of coloured diamonds, but for this chart, we only showcase D to J.
If you are on a budget or want to spend more money on the size of the diamond, consider sliding down the scale to an ‘H’ or an ‘I’ diamond.
If clarity, or how flawless the diamond is, is important to your partner, doing your research will help you decide what kind of “inclusions” or flaws, you can get away with. Inclusions in diamond terms can be clouds, cavities and laser lines, among other imperfections, and the stones are graded on a scale from flawless (FL diamonds) to included (I diamonds).
Inclusions in diamond terms can be clouds, cavities and laser lines, among other imperfections, and the stones are graded on a scale from flawless (FL diamonds) to included (I diamonds).
That said, there is great value in ‘SI1’ and ‘SI2’, (Slightly Included) stones, which have inclusions that are very hard to see with the naked eye. This keeps you above the lowest end (Included) but you can still get a beautiful stone.
You won’t have VVS and VS stones (Very Very Slightly or Very Slightly Included) but to the untrained eye, you will indeed have a gorgeous diamond.
Choose Your Metal
The diamond isn’t the only element of the ring that matters.
You must also decide on what kind of metal the setting and the band will be made of.
The most common options are yellow gold, platinum and white gold. While platinum is the most durable and trendy, it is also the most expensive. Titanium and Tungsten carbide rings are growing in popularity as well.
A similar effect to platinum can be found with white gold for a lower price. If you know your partner is after a silver coloured setting and band for the engagement ring, consider going with white gold to help stretch your budget.
If you plan on proposing, there’s a good chance you’ve been thinking about it for a while. It’s common for people, however, to succumb to pressure from family and friends who constantly ask, “when are you going to propose?”
While they have the best intentions, the pressure builds up the most during Christmas and Valentine’s Day.
In fact, the most diamond engagement rings are purchased just before Christmas, and often times out of panic.
We understand the pressure, but we encourage people to take their time and shop around.
You might be able to get a better deal with a calm approach to diamond shopping than if you are under the gun.
Shop At Home
If you don’t think you can do justice on the diamond you want, it is worth asking your family or your partner’s if there is a family heirloom you could use.
Perhaps your grandmother’s ring is collecting dust in a drawer somewhere. Some rings, however, are very dated and their settings are out of style.
In this case, you can always get stones re-set to create a modern, beautiful ring.
Not only is this option good on a budget, it is meaningful, too. Many people love to wear family heirlooms and feel the pride of carrying on a tradition.
With a good cleaning and a new setting, a diamond from the past can be the perfect way to mark the beginning of a new chapter.
If you are in the market for an engagement ring, we invite you to make an appointment in our beautiful private showroom in Toronto for a one on one consultation.
We have options for any and every budget, and our highly trained team takes a no-pressure approach to teaching you everything you need to know about diamonds.
We understand how important this decision is, and we want you to be happy with the engagement ring you choose.
At Adamar Diamonds, we source the best diamonds from around the globe and look forward to sending one home with you.
Images were designed for examples only. Every diamond is different and is graded by GIA Diamond professional.