(Closed) How do we not break the bank on an engagement ring?

posted 10 years ago in Rings
Post # 17
179 posts
Blushing bee
  • Wedding: October 2010

One thing to consider also, is ShaneCo…Its where my Fiance got my ring, and you can start with a small, reasonably prices real diamond, and upgrade a little at a time…you get full value of what you purchased the original diamond for, if you want to just upgrade the stone, or you can upgrade the setting, if you start with say a simple solitaire and want to upgrade that at a later time…that way if you purchase something you don’t necessarily see yourself wearing forever, you don’t have to spend another 500 or more dollars on top of what you;ve already spent…Its a main reason we went with ShaneCo…we’re already in the process of increasing the Center stone 🙂 and you only have to spend a minimum of a dollar more, there’s no like 500 minimum you HAVE to spend in order to upgrade!

Post # 18
260 posts
Helper bee
  • Wedding: November 2010

My Fiance got my ring at Macys and we just bought my wedding band there. We got both for less than $5,000 and I LOVE them. They have crazy sales with multiple discounts every so often.

Post # 19
1955 posts
Buzzing bee
  • Wedding: June 2010 - Tannery Pond at the Darrow School

You can always go down to the Diamond District in New York City (actually, you should def go just bc it’s super-fun!) and talk to a few stores there to see what your options are…I think vintage/estate piece would be the way to go…But you should also be able to get a 1.3-1.5 carat for 5k if the color/quality are a not in the top ranges….

Post # 20
5654 posts
Bee Keeper
  • Wedding: April 2011

Oh.. to add…

getting wholesale jewelry yourself isn’t that difficult.

You could always set up a DBA and then you can get catalogs from the wholesalers that actually sell to the jewelry stores ie. Stuller.com

And this can also be kept as a way to bring in extra cash in the future… My mom used to do this.

Just an idea =)

Post # 21
2580 posts
Sugar bee
  • Wedding: December 2009

Hmm…I consider my fingers to be big (size 7 1/2).  I will say that I have a 1/2 carat and I like the way it looks.  I’m all about the bling, but we had to go w/ budget too.  We got my solitaire & wedding band from Tiffany’s for $4k I think.  He never let me see the final price, but I have a pretty good idea that’s what it was.

I helped pick out my little sis’s engagement this ring and the future Fiance got it at Shane Co…I think it’s based here in Denver, but you can design and order a ring online.  I think the total for hers was $2200..  The ring below isn’t the exact one she got, but it’s pretty close. 

Post # 22
814 posts
Busy bee
  • Wedding: June 2010

kohls, they have certified diamond jewelry that they run 45-65% off all the time!! my cousin got her’s there and it is really nice(a $2000 plus ring for like $700!!!)

Post # 23
78 posts
Worker bee
  • Wedding: June 2009

I hear you can get amazing deals in the diamond district in the city.  If you are willing to make a trip out to Long Island there is a HUGE jewelry exchange in Levvitown calld Tri-County Jewelry Exchange.  It has a shady bazarr type thing on the bottom but the top floor is all jewelry and they have a huge selection and are absolutely willing to negotiate.  There were some rings that I loved there!  Good luck!

Post # 24
7770 posts
Bumble Beekeeper
  • Wedding: July 2010

Have you considered checking out diamonds.com and picking out a diamond?  Then, searching for a setting?  You can find these at reasonable prices, and a jeweler shouldn’t charge too much for setting your stone.  My best advice is not to rush (I am a major rusher when I get excited) and shop around for a while.

Post # 25
144 posts
Blushing bee

My Fiance bought my engagement ring from someone on craigslist who had the appraisal for the ring. It’s a 1ct solitaire diamond 14kt white gold, purchased for $3,000, appraised for $7,800. 

Post # 26
165 posts
Blushing bee

If you shop around (especially if you find a jeweler who does their own importing & cutting) you should be able to find a beautiful 1 carat under $5k no problem.  Not sure how you feel about a setting, but a solitare is always a classy way to go and another way to save $.

Post # 27
567 posts
Busy bee
  • Wedding: September 2010 - MacLean Park

Hey Baseball! I feel you in the finances department. We chose to save a lot of money by going with a argentium silver ring with a green moissonite stone from etsy seller SingleB (it’s coming up in the posting queue here pretty soon!) It was under $150, is completely unique, and fits our personality. And as long as you’re not incredibly traditional or sentimental, it’s a great “starter” ring to choose something that fits for you right now. You can always do a five or ten year anniversary ring (which is our plan). It’s what my mother did before me as well.

Post # 28
979 posts
Busy bee
  • Wedding: May 2010

I just want to throw this out there:  Don’t get a diamong ring just because you are expected to.  If you are going to wear this ring for the rest of your life, just pick something that makes you happy!  It could be a diamond alternative or a different stone entirely or even something stoneless!  There are lots of options out there, but make sure you are choosing the ring that will mean the most to you.

P.S. This is coming from someone who picked a ring that was expected rather than was what she really wanted. 

Post # 29
3761 posts
Honey bee
  • Wedding: May 2010

I think you should think about what is more important to you:  A real diamond, or a large other type of stone. 

I think for $5k you can get a really nice real diamond set, but probably only around a 1 carat center. 

You can find lots of sets that have an antique look that don’t look tiny on your hand.  There was a post on here about big rings….

Post # 30
673 posts
Busy bee
  • Wedding: August 2012

If you don’t mind not having a diamond, know that you can get a gorgeous 2 carat moissanite halo ring from around 1400:


It has more fire than a diamond is is 9.35 on the mohs scale. I have one from this site (1 carat for around 800) and am amazed by the quality. Everyone who sees my ring assumes I have a one carat diamond- whether I chose to tell them it’s not a diamond is up to me. Another thing that’s great is that if my ring is ever lost, it’s the not financially devastating to replace it 🙂

Post # 31
7770 posts
Bumble Beekeeper
  • Wedding: July 2010

Remember, if you do buy a diamond, the value will increase over time.  If you buy simulant, that likely won’t be the case. 

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