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Engagement Ring Buying Guide

By Mark Walters

Since the recent world financial crisis, the cost of purchasing gold and precious stones has steeply risen. This means that the cost of jewelry items has skyrocketed. This is hard on the men out there who have been waiting to propose to their girlfriends. But guys, don’t let it cause you to put off your engagement. There are ways to save money on stunning engagement rings that will make your soon to be fiancee a very happy woman.

Brand – A brand name diamond is always going to be much more expensive than an unbranded stone. In the same respect that branded clothing is more expensive than unbranded. If you are looking to save money on a ring then just go for a generic stone. Plus, just as clothing fashion comes in and out, so does jewelry fashion, so in a few years, spending a huge amount on a branded stone might not seem like such a sensible idea.

Negotiation – Plan to haggle a little after you’ve made your decision about which stone or ring you plan to purchase. Retailers normally mark jewelry up 200% or more. There is no shame in “discussing” the price with the salesperson. In fact, you’d be silly not to have a price discussion. It’s the same as making any other large purchase. You wouldn’t buy a car off a lot without discussing price. Do the same before you purchase a diamond.

Shape – Some shapes cost more than others. Look for an oval or pear shaped diamond. Diamonds that are cut into oval or pear shapes appear to be larger than they actually are, or than diamond cuts of equal carat weight. This is also a less popular diamond cut so that the price of these is naturally a little lower.

Band – The band of an engagement ring is important but who notices that first when looking at someone’s engagement ring? People’s eyes always go right to the centre stone. Buy a simpler band and save some money to put into the stone.

Stone – One common mistake people make when they are looking to customize their engagement rings is to purchase the stone from a retailer and have the same retailer set the stone. This can costs huge amounts and can be avoided of you find the stone you want elsewhere and take it to another retailer you want to set it at.

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Article Citation
MLA Style Citation:
Walters, Mark "Engagement Ring Buying Guide." Engagement Ring Buying Guide. 2 Jul. 2010. 5 Oct 2014 <>.

APA Style Citation:
Walters, M (2010, July 2). Engagement Ring Buying Guide. Retrieved October 5, 2014, from

Chicago Style Citation:
Walters, Mark "Engagement Ring Buying Guide"

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