Not everybody has the means to spend a ton of money on an engagement ring. With all the expenses that come with a wedding, saving on an engagement ring is essential if you don’t want to break the bank. Fortunately, there are many ways you can save on engagement rings if you know how to go about it. Here are a few tips on how to get the best deal possible.
Understand Expectations
Understand your partner’s expectations before you buy the engagement ring. If your partner would be happy simply to receive a more affordable wedding ring, your next consideration is the right size, style, and type that your partner would like that still fits your budget. However, you should not set your jewellery budget based on the expectations of future in-laws or cultural norms.
Buy the Right Size
Carat weight and diamond size are critical thresholds when determining the price of the ring. So, buy the diamond that is just under a full carat to save money while having a gem large enough to be appreciated by all. A 1.95-carat diamond is much cheaper than a 2-carat diamond, but only the experts in the jewellery shop will know the difference.
Buying non-traditional shapes will also let you save money. Jewellers charge more for perfectly round diamonds and square diamonds, whereas ovals and other shapes cost less. So, you could save quite a bit of money if you buy an oval or rectangular gem.
Get a Bespoke Ring
Getting a bespoke ring could allow you to make choices that will be better for you based on your budget. You’ll have more control over the design and the materials you want to use too. There are some great jewellers Hertford that will sit down with you and listen to all of your recommendations, and they could also give you options that get you the look you wanted for less.
Buy at the Right Time
The more you know about the jewellery business, the better you’ll be able to save. One of the most important things to learn is when prices tend to rise or drop. You’ll pay more for engagement and wedding rings if you are buying them in the spring, for instance. June through August are wedding season, but engagement rings cost more between January and March because so many people propose around Valentine’s Day or as a run-up to the June wedding rush.
Summer is actually a good time to buy an engagement ring since it is slow for jewellers. Buying a ring at the end of December could also help you save money since many jewellers will want to reduce their taxable inventory and make quota before the end of the year.
If you follow the tips in this article, you should be able to cut the price you’ll pay on your engagement ring significantly. Take the time to look at all your options, and don’t be afraid to try original models, metals, or stones if you want to make great savings while still getting something impressive.