7 Ways To Save Money On An Engagement Ring
You don’t have to spend a fortune to get a decent engagement ring. In fact, by knowing some of the tricks of the trade, it may be possible to save thousands on these items of jewelry. In this case in not how much jewelry is too much, but rather which one you should pick. Below are just a few tips on how to save money on an engagement ring for your partner.
If you want to save money on an engagement ring, don’t visit a physical store. Engagement rings are typically 30 to 40% cheaper online than in physical stores. This is because online sellers don’t have to pay the high costs of renting a physical store, hiring staff and keeping the store secure – less overheads means that they’re able to offer cheaper prices.
Look out for coupons
Coupons are a great way to grab discounts on practically anything. There are coupon sites that can help you track down discounts on items such as Capucinne jewelry. Make sure to use coupons before they expire and always read the terms and conditions to make sure that no products are excluded.
Save up a large deposit
A lot of people buy engagement rings with finance in order to spread out the cost. As with any loan, this means paying extra in the long run through interest fees. Putting down a large deposit can reduce the amount of interest you’ll pay in the long run. This is why it’s worth spending a few months saving up some money rather than trying to get away with the smallest deposit that you can.
Prioritise cut over carat
Opting for a diamond with a larger carat (weight) can dramatically increase the price. If you want to afford a stunning diamond on a tight budget, you may be better off looking for a smaller carat diamond with a higher cut. The cut determines how shiny the diamond is – while it can also affect the price, a higher cut will not increase the price as much as a higher carat. In most cases, it’s best to buy just shy of the carat (i.e. a 0.9 carat diamond instead of a 1 carat diamond) as this is where you can avoid the biggest price increases.
Avoid a round cut
Diamonds can be bought in all kinds of shapes. Round cut diamonds are some of the most popular options, but they are also one of the most expensive options. This is because it takes a lot more work to round off a diamond than to cut it into a square. Rounding off a diamond can also result in a lot of diamond waste and so diamond manufacturers will typically increase the price to make up for this.
Try alternative metals
Gold and silver are the most popular materials for rings, but you don’t have to opt for these metals. An alternative metal like titanium, tungsten or cobalt could reduce the price of your ring considerably. Most people are happy to have a ring made from one of these metals (after all, the diamond is usually the main attraction).
Consider the cost of resizing
If you are not certain about your partner’s ring size, you may want to look into the cost of resizing your ring. Many jewelers will offer to resize the ring for free, however some will charge for resizing. It’s typically much easier to make a ring smaller than it is to make it larger – jewelers are more likely to charge to increase the size of a ring than to decrease the size.