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

posted 10 years ago in Rings
Post # 3
Member
4771 posts
Honey bee
  • Wedding: December 2010

@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.

Post # 4
Member
666 posts
Busy bee
  • Wedding: September 2012

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!

Post # 5
Member
1250 posts
Bumble bee
  • Wedding: May 2013

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.

Post # 6
Member
606 posts
Busy bee
  • Wedding: October 2012

It seems reasonable to me.

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

Post # 7
Member
1752 posts
Buzzing bee
  • Wedding: September 2012

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.

Post # 9
Member
4437 posts
Honey bee

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.

Post # 10
Member
12261 posts
Sugar Beekeeper
  • Wedding: June 2011

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.

Post # 11
Member
436 posts
Helper bee
  • Wedding: December 2012

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. 

Post # 13
Member
720 posts
Busy bee
  • Wedding: October 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.

Post # 14
Member
666 posts
Busy bee
  • Wedding: September 2012

@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!

Post # 15
Member
445 posts
Helper bee
  • Wedding: July 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!

Post # 16
Member
1250 posts
Bumble bee
  • Wedding: May 2013

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

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