How To Get The Best Price For A Diamond Ring Purchase

If you are getting an engagement ring, to commemorate the union that you have with the love of your life, it’s always a good idea to consider how you can save money on the purchase of this single of your union together. Most people understand that the larger the stone, the more expensive the ring is going to be. However, there are other factors to consider which can dramatically reduce the price of a diamond ring purchase, helping most people to save thousands of dollars.

Where To Begin

Diamond Price GraphAlthough your objective is to try and get the best price on a diamond ring, there is always the possibility that you may not save very much money at all. In order to prepare what could be a much smaller ring then you have anticipated getting, it’s good to talk with your spouse to be about what you are trying to do.

As long as they are on board with your desire to save money and get a larger diamond ring, something that may inevitably fail, you can then feel confident that whatever you are able to achieve is going to be fine with them. The next step of the process is to begin to set up in your mind the exact steps that you will take in order to get the perfect diamond engagement ring without spending every last dime of your savings.

Planning To Make The Purchase

Typical Diamond Shopping TourThere are several things that you need to then think about prior to going to the jeweler. You need to consider what your budget is, and also start to save money every month prior to purchasing the ring.

It is important to gather from the conversation that you had with your future spouse what type of ring they are actually interested in wearing. Finally, take a trip to the local jeweler your budget in mind, and get ready to make other considerations.

Alternatives To Diamonds

When you get to the jewelry store, if your budget is quite low, the jeweler might actually recommend something other than a diamond. The only people that are going to know that it is not a real diamond will be you and your spouse to be.

Alternatives to diamonds include moissanite which is a nearly colorless stone, very similar to diamonds, and can actually save you up to 20 times the cost of a diamond that is the same size. You could also consider getting a colored stone, something like a sapphire or a ruby, as this could save you money.

Know The 4 Cs

There are four considerations to make if you do choose to get a diamond, all of which start with the C. First of all, you need to consider how large the diamond is going to be, something that is measured in what are called carats. The second consideration is the cut of the diamond. The more elegant the cut, the more brilliant the diamond is going to be in direct light.

Those that have flaws will cost less money and will not be noticeable to anyone that sees it on her hand. The third thing to consider is the clarity of the diamond with a flawless diamond being the most expensive. You can actually get away with those that have small inclusions, material that is embedded within the diamond, that are simply not visible to the naked eye. Finally, you need to consider the color of of the diamond. Most people prefer one that is completely colorless.

The 4Cs in a nutshell

Since you cannot tell the difference between one that is slightly colored, and one that has no color at all, you should consider those that are graded in the G to J range as this could save you thousands of dollars. There is one final tip that you need to consider when purchasing diamond engagement rings. This has to do with where you ultimately make your purchase.

Do Not Purchase Your Diamond Ring From A Jeweler

A tip that most people already know is that the highest prices for any diamond ring are going to be found at national chain stores where diamonds are sold every day. For example, if you go to Zales to get the diamond ring, you will likely play twice as much as you would if you were to purchase one from another national chain store like Cosco.

Jeweler Examining a DiamondYou can even get better prices by going to a pawn shop where you will be able to get a substantial discount on rings that are likely flawless and clear. Most of these businesses were able to acquire these rings at a substantial discount, and can pass this savings on to you. By staying away from a well-known store that sells diamonds exclusively, you could end up saving thousands of dollars by making your purchase at another location.

After you have considered all of your options, if you do decide to go with an actual diamond, just make sure that you are staying within your budget.

If you are getting a diamond that has flaws, and a slight coloration, this will likely be affordable even if it is a large carat diamond that people will definitely notice. This is how you can get the best price when you are making a purchase, allowing you to get the perfect diamond engagement ring for your significant other.

Always remember that it does not matter where you purchase the diamond as long as you are getting one that is high quality but for an affordable price.