Did we get ripped off on my engagement ring? What did you pay and for what specs
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Did we get ripped off on my engagement ring? What did you pay and for what specs
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Did we get ripped off on my engagement ring? What did you pay and for what specs

posted 3 months ago in Rings
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    We bought my engagment ring yesterday. It is a princes cut, .7 carat centre diamond, then more diamonds in the band. Colour is G, clarity is SI2, and cut is very good. Metal is 18k white gold. 

    I feel like the quality of the diamond is in the middle somewhere and I know .7 is small (after seeing everyone's HUGE rocks on here) so why did we pay $3,600 for it? It was custom made from a wholesaler, not a retailer so they are meant to cheaper. Also, we're in Australia. 

    I thought $3,600 was a good chunk of money to spend on a ring, but now feel left a bit disappointed after seeing everyone's massive rocks an would have liked 1 carat as that seems the norm but that would have been so expensive. So did we get ripped off or did everyone on here pay a LOT more than we did? What did you pay (if you don't mind me asking) and for what specs??? Thanks =) 

     
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    mwitter80    December 11, 2010   Connecticut

    @Gemma_Leigh:  You paid that much because of the 18kt gold. Most settings are 14k or sometimes even 10k.  The other reason is because of the G color. Most diamonds that you would get at a big box jeweler are I/J/K. It sounds like the pricing is accurate.

     
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    Helper bee
    Scc6a    September 15, 2012   Jersey City, NJ, wedding in VA

    It really depends on the setting, I think. For example, I created a ring on Blue Nile using close to the specs of your center stone and picking a band that has diamonds in the band. It came out to $3530. But that could change a lot depending on whether your band is more or less expensive than the one I chose. Sounds pretty normal though!

    ETA: I would add details about my ring but I don't know how much it cost because I didn't help pick it out. But I wouldn't worry about the size--I definitely don't think 1 carat is the norm!

     
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    Bumble bee
    allergicbee    May 26, 2013   NY

    I don't think you got ripped off. I do think you paid the equivalent of what you would have paid had you bought the ring online (jamesallen.com) which may be equivalent to what wholesalers offer the public. Retailers can't beat or usually match the prices online without significantly cutting their profit margin.

     
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    Ms Bookworm    November 3, 2012   Minneapolis, MN

    It seems reasonable to me.

    Also, I don't think .7 carats is small.

     
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    Buzzing bee
    mandypop    September 15, 2012   BAHHHston

    the 18k gold makes a big difference.

    And big diamond does not = high quality diamond, in fact the smaller ones tend to have more sparkle to them.

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @mwitter80 oh ok, that would explain it. Would reccpmmend going down to 9carat (that's the next grade down in Aus) and upgrading the diamond? I obviously don't want to make the price go up more for my FI. 

     

    Thanks everyone else, you're all so much nice on here than yahoo answers! 

     
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    zippylef    October 30, 2010   Norfolk, UK

    You got a good stone in high quality gold, that's why you spent that much. I'd pick quality over quantity any day, :)

    I'd tell you what mine is and what we paid... but that was 3 years ago so it's not super accurate anymore.

     
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    pinkshoes    July 2011   MA

    No,, you didnt get ripped off.  I think that's a good price for what you got actually.  Diamond prices are not linear, they increase more exponentially with size.  I have a 1.3 round so its almost double the ct weight, but we paid almost triple the price.

     
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    colli459    December 28, 2012   Baltimore, MD

    It might help us to be able to see which setting you picked out if you can find a stock photo online? Yes, the 18k would increase the price, but settings can vary from a couple hundred to a couple thousand. 

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @colli459:  There is no stock photo as we just went in and he drew up what I wanted. It's a cathedral setting, the setting sits at medium hight, has four claws holding centre diamond, and diamonds in the band that go half way around which I beleive are in a "channel" setting.....

     

    Thanks for all your replies! 

     
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    Cupcake2012    October 10, 2012  

    Congrats on your ring purchase!!!!! It all really depends on the setting. It sounds kind of elaborate and since it's custom, sounds like the price is right. You can compare what  center stones alone cost by checking bluenile.com or jamesallen.com and then determine what portion of the price went towards the center stone.

     
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    Scc6a    September 15, 2012   Jersey City, NJ, wedding in VA

    @Gemma_Leigh:  Ha, ironically that sounds like exactly the setting I picked for my Blue Nile "test," so I think it sounds like you paid a good price!

     
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    Blushing bee
    cjfs    April 20, 2013  

     

    hi!

    @Gemma_Leigh:  I know how you feel!!! i also just got engaged in Perth, WA, Aus and after seeing everyone's huge huge rocks in here im sort off feeling so so.

    I'm not sure what the specs of my ring is as he bought it (after i'd oked the general design), but i know my fiancee spent around 5000 dollars and its from Stefans. It's a round centre diamond aprox .8 carat with 7 tiny channel set round diamonds on each side. I don't know what the band is, it's not platinum though. I now wish i knew more specs on it, ill ask him.

    I guess whats is important is that it's about you and him, and we should NOT get intimidated by the big ricks out there. We can also always get more jewerly in the future!

    Did we get ripped off on my engagement ring? What did you pay and for what specs :  wedding My E Ring

     
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    allergicbee    May 26, 2013   NY

    @mandypop:  carat weight has nothing to do with how well a diamond sparkles. Cut is everything.

     
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    cwat12    October 21, 2012   Texas

    that sounds like a fair price not some super amazing discount but definitely fair. The bigger the stone the more money you have to shell out props to the bees that have those gorgeous giant sparklers but some of us just have smaller budgets and find a ring we love for a price we are comfortable with (if we had the money I would definitely sport a bigger stone but the one we got I love to death and wouldnt change anything on it, later if our situation changes we will think about an upgrade but Im just happy to be engaged with a pretty ring)

     

    heres mine already all over the hive but here she is again

    Did we get ripped off on my engagement ring? What did you pay and for what specs :  wedding Engagementring

    she was 1600 with the matching band/insurance/tax but the center stone (.3ct) was a family diamond and we got the setting half off because it was discontinued and at an outlet store. 

     
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    Buzzing bee
    claireos    September 8, 2012   Maryland

    You didn't get ripped off. What you got sounds about right.

     
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    Buzzing bee
    asscherlover    August 17, 2013  

    @Gemma_Leigh:  Your options for the gold are 9k or 18k? Is it white gold or yellow gold? I prefer lower k gold because it is generally stronger. My ering is 14k white gold and I have other rings in 10k white gold. I can't tell the difference between them, I've just heard that its stronger with lower ks.

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @cjfs:  Oh yours is just beautiful! Looks so similar to what I ordered but my centre stone is more square. Your pic makes me feel much better about my ring so thank you :) 

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @asscherlover:  As far as I know, in Australia, it tends to go 9c, 18c and then 24c but I could be ill informed so I'm going to contact the jeweller and enquire about 14c 

     

    Thank you everyone! 

     

     
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    Bumble bee
    Lyndzo    August 25, 2012   Milton, Ontario

    I have simliar specs with 14k white gold, 0.43 carats. My ring was just over $1000 but valued around $1600. (We got it from Blue Nile).

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @asscherlover:  As far as I know, in Australia, it tends to go 9c, 18c and then 24c but I could be ill informed so I'm going to contact the jeweller and enquire about 14c 

     

    Thank you everyone! 

     

     
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    Helper bee
    FutureBaker    March 15, 2014   Kansas

    I think what you paid if just right.  I know that princess cuts tend to run a little more in price than other diamonds, as well as your ring being 18K gold. 

     
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    Helper bee
    ananeele    April 23, 2012  

    According to the diamond price calculator, your diamond specs with a GIA cert would be $1,840 wholesale.  With an EGL cert, the price would decrease to $1,470. 

    An 18K white gold channel setting averages on James Allen around $1,850.    So your diamond, would cost $3,690 total if you had a GIA cert and $3,320 with an EGL cert.  Looking at JamesAllen, the most expensive channel setting in white gold is $3,100, and starts around $1,000. 

    So, basing off that information, if your stone is not GIA certified, yes you paid too much unless you bought one of the more expensive settings available.  But, this is also USD and I don't know how much your setting cost and also if you were charged for the custom design.

    Overall, I would say you got an average price.  Not 'wow what a great deal'. but I definitely wouldn't say you got ripped off based on the information you gave.

     
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    Helper bee
    ananeele    April 23, 2012  

    @Gemma_Leigh:  You wouldn't want 9 or 24.  9 isn't suitable for fine jewelry and 24 is too soft.

    24 karat = 100% gold
    Too soft for fine jewelry

    22 karat = 91.7% gold
    Too soft for fine jewelry

    18 karat = 75.0% gold
    Ideal for fine jewelry

    14 karat = 58.3% gold
    Ideal for fine jewelry

    10 karat = 41.7% gold
    Not acceptable for jewelry

     
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    Blushing bee
    cjfs    April 20, 2013  

    @Gemma_Leigh:  glad  to know i helped :)

    I do think that what matters is the significance you place on your ring and if its a little more expensive or less who cares, it has to feel good FOR YOU. I choose mine and its size cos I'm very active, bike around a lot, trekking, horse riding, and so i didnt want to go out and about without my ring always! I know many friends who dont even use their e-rings cos they're too eye catchy or unpractical.

    So Just enjoy it, yes you'l have lots of indecisions about it and second thoughts but its normal given the HUGE range to choose from!

     

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @ananeele:  Thank you for all that info. Yes the ring is GIA certified so I feel much better about all this. It's not that I want a bigger diamond and all that (not that I would turn one down LOL) but its just not a good feeling thinking you have been ripped off so thank you everyone for clearing this up for Me! 

     
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    Blushing bee
    hanzabelle    February 25, 2012   Australia

    Hi Gemma.

    Yes rings are generally more expensive in Australia :(.. Mine is 18ct gold with a .75carat diamonds. My diamond specs are very close to yours. My gold is australian gold too...with a canadian diamond. I don't think you got ripped off at all! :) We paid $3750 for mine.

     
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    Busy bee
    lilsweetie    December 1, 2011   Seattle, WA

    sounds right. and sounds lovely!

     
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    JustMarried51912    May 19, 2012  

    That's actually an average price for a ring with those specifs. Mine is a 1/2 ct celebration diamond H color SI2 clarity with excellent specifs. in a 18kt gold setting with a platinum head and I spent $2000 US and you got a 1/4 ct larger than mine. Most people with those huge rocks spent several thousand dollars $3,600 for a ring is not a huge amount of money considering the price of diamonds/gold. I got quotes for .75ct diamonds same specifs. without settings for about $2700-$3000. I don't think you got ripped off.

     
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    MissGreen    July 2009  

    My princess solitaire is 0.8 (and no it's not small) color is G, it's a princess plus cut which means it has twice the faucets of a standard princess and it's clarity is SI1. My setting is a cathedral wide setting, 18k and it was a little pricey but I know he paid around $5,000 almost 4 years ago. It's from Jared's and I always feel they overprice things having dealt with them over the years.

     
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    MademoiselleL    August 24, 2012   Vancouver, BC (wedding in Maui)

    My ring is 14K white gold with a 1.1 carat centre diamond.  The specs are I-2, F colour, good cut.  The store had it for $4500, but FI paid $2300 including taxes and the warranty plan.  We waited for it to go on sale and traded in another ring I had.  Without the trade in we would have paid around $3000.

    Did we get ripped off on my engagement ring? What did you pay and for what specs :  wedding RING

     
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    Blushing bee
    Gemma_Leigh    April 5, 2013   Australia

    @hanzabelle:  Your ring specs are very similar to mine! So that sounds about right with how much we paid... Unfair we pay more for them in Australia =P I love my ring and feel a lot better that we didn't get ripped off =) 

     
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    Bumble bee
    AshleyR83      

    @mandypop:  The size of the diamond has nothing to do with the sparkle.  Cut is king!

     
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    allergicbee    May 26, 2013   NY

    @AshleyR83:  lol see my post!

     
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    AshleyR83      

    @allergicbee:  Yes, exactly!  :)

     
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    bigcitybee    November 1, 2014   New York City

    I think the price you paid sounds about right. I own a diamond solitaire necklace, 1.25 ct perfect specs, and paid approx 5500 for it. 

     
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    Busy bee
    bigcitybee    November 1, 2014   New York City

    Double post! 

     
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    Riley143    May 18, 2013   NC

    I think you got exactly what you paid for, which is great because your ring is STUNNING. Seriously, the stone size is perfect too. And the color really does make a difference, you definitely got a nice rock. (:

     
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    Paige425    October 5, 2012  

    it sounds about right....I got mine offline too (adiamor) and mine is 1.03 carat, H color, VS1, and 18K gold and it was $4500...

     

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