Post # 1
We found “The Ring” a few months ago after working with a jeweler at Green Lake Jewelry Works, but had decided not to buy it until December. This, of course, has given me time to think and overthink everything about the purchase, and I’m really worried that it’s too expensive for what we’re getting. We can definitely afford it, but it’s a three stone white sapphire ring in palladium, and the estimate turned out to be $1214.00-$1345.00… after making some alterations to bring the price down. We asked them to break down the cost and the three sapphires amount to about $100, so we’re pretty much just paying for a handmade palladium setting, a gorgeous setting that is absolutely perfect for us, but still, is it worth it?
I know we can find white sapphire rings for much less, especially since I don’t care if they’re lab created, but I’m not sure if we can find something we’ll both love as much. Also, I don’t know if the low price of most sapphire rings is blinding me to the real value of the ring we want to get. Maybe it is a fair price, and I just think it isn’t because I’m comparing it to rings that really aren’t comparable? The ring in question has a stylized lotus design, which is his favorite flower, and I was looking forward to incorporating the lotus motif into other parts of our wedding. It’s also three stones (I prefer them to solitaires) and we can get exactly what we want since it’s a custom job. The price is also what we were originally expecting to pay, since we knew we could spend more on the setting if we weren’t using diamonds. However, I don’t want to look back and think “This was way overpriced.” Also, I’m worried about insurance, since I’m not sure how that works. Can we end up getting insured for less than what we payed for if the appraisal comes out less? Is it possible for the appraisal to come out less? Do you even need appraisals for non-diamond rings?
In short, what I’d like to know is whether or not you bees think this would be a smart purchase. We’re really not ones to buy things just because we can and I wouldn’t want my SO to do that for my engagement ring if it’s not worth that amount. I’m including pictures of the ring on the jewelry store’s site. Ours would be all white sapphire instead of diamond and ruby, and the two wedge-shaped openings on either side of the flower will be closed (the petals remain open).
Post # 3
I didn’t get a nondiamond ring, but I did spend a considerable… CONSIDERABLE amount of time with my soon to be fiance researching stones, settings, price comparisons, and styles. I just wanted to add my two cents..
Since I was part of the process, I think researching everything put me into an absolute tailspin. By the time we made our last appointment with a wholesale jeweler to view a diamond, I was so over it (sad!). But, when I sketched out the setting design and we got a great price for the entire thing… I conceded and told him it was perfect.
For two weeks after that, I was overly concerned about my decision. Could we get a cheaper diamond? Should I get a smaller one? Was the total pric astronomical? What would people think? What if I’m a walking target for getting mugged?
He said he knew I was going to be happy with it and that this was now his decision… so that put an end to the wondering. As time went on and I became accustomed to the idea, I’m now VERY eagerly anticipating the proposal. The ring is beautiful… expensive? Sure. But it was within our budget.
So if you find you really love this, I would suggest making the purchase. You might find cheaper stones, you might not. And what happens if you don’t?
Re: insurance. It’s my understanding that you will insure it for the appraisal amount. I would think your jeweler would write one up?? Is it possible? My diamond wasn’t appraised by GIA or IGI, but he wrote our appraisal sheet up and I contacted my military insurance company to check on the process for insuring it. They will generally charge per year 10% of the cost or something like that.
I hope this helps!
Post # 4
@artichokesalad: Hehe, I can certainly relate to what you’ve posted. I know a big part of my concern is due to over-researching, and I also went through the “I don’t even care anymore” phase after becoming exhausted. My SO’s also cool about the price, knows I’ll be happy with it, and it’s within our budget. So yes, these are all things that favor the ring. I think I’m going to ask the jewelers about how their customers deal with insurance, then. This sounds like it could be a much smaller problem than I’m imagining it to be. Part of the problem is also that I’m not sure what to expect from a non-diamond ring, though. There’s not nearly as much information out there as there is for diamond rings, so I’m not sure if this is a good deal or even a reasonable one.
I still feel a bit uneasy, but you have given me ideas about what to do, and reassurement that I’m not unusually neurotic. Thanks!
By the way, any comments on the actual ring are also appreciated. ^^ It would be good to have an idea of what people’s reactions are going to be. For a moment I wondered if I would rather go for something more classic, but after going over the rings I normally wear, finding similarities, and realizing that I never get tired of them, I’m pretty sure that’s not going to be an issue.
Post # 5
Woudl you consider white gold instead of palladium? That would bring the price down considerably… In My Humble Opinion I think that that is too much for a setting, but the price of the stones seems reasonable 🙂
Post # 6
@dreamingofbling: Thanks for your input! Yes, it’s the setting’s price that’s bothering me. Green Lake Jewelry Works has amazing service and great rings, but they’re notorious for being expensive. I’m not sure if you’re thinking about platinum instead of palladium, though… Palladium is slightly less expensive than gold, so we’re already saving as much as we can on materials. The choices are basically accepting the price or looking elsewhere >.<
Post # 7
I think if its the ring you really love, and within your means, then is worth it. You only get one e-ring (ideally), so while the acutal “worth” of the materials may not add up close to what you will pay for it, “worth” is truely in the eye of the wearer. Since you will (hopefully) never sell your e-ring, its entire worth and value is really in how it makes you feel. Theres no comparing how much you want the design to another ring that may seem more “worth it”, but you don’t love as much. I think you’d second guess yourself just as much if not more if you went with something else because it would feel like you settled since sounds like you both really want this one. Your Fiance is probably not really thinking about if its material value either as much as he cares about how happy you’d be with it. I’d say go for it!
Post # 8
I for one think you’re ring is beautiful. Considering the setting is palladium, I think the ring is reasonably priced. I have a white gold ring with a blue sapphire center stone and 12 small diamonds on the band. It cost $1,400.
However, that being said, have you contacted other jewelers to get quotes from them? It doesn’t hurt to ask.