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

posted 10 years ago in Rings
Post # 32
Member
365 posts
Helper bee

My Fiance and I don’t have alot of extra money right now between our bills and my school, but he bought mine from Overstock.com and I love it.  It only cost about $700 for the ring.  It is a 1/3 carat center stone, and 1/2 ct. total diamond weight.  It isn’t huge but it is the style that I was in love with.  We looked at a local jewelry store and tried rings on beforehand so that he and I both know exactly what I wanted it to look like.  We got engaged in March and I am still incredibly happy with this ring.

 

We went a non-traditional route by buying it offline, but I love it and it doesn’t mean any less to me because of the price tag or because it wasn’t custom designed.  My ring is actually appraised at around $1200 too!  Here is a (bad) picture of my ring.  It is actually much more sparkly in person ๐Ÿ™‚

Post # 33
Member
419 posts
Helper bee
  • Wedding: June 2011

@cbee: Sorry, but diamonds are not an appreciating asset. They lose value once they are pre-owned. Notice that vintage rings sell cheaper than new…

Post # 34
Member
31 posts
Newbee
  • Wedding: December 1995

Here’s a website that sells very high quality CZ’s.  The price of gold has really gone up, but I had a ring from here and still do…somewhere but I wore it for 7 years when my original got lost.  I seriously can’t tell you how real it looked and I never had one single problem with it.  It never got dull, yellow or cracked.  I had to clean it as often as any ring and honestly, no one ever knew except me and my husband.  http://www.jewelersdirect.com  as long as it’s real gold, and these are there’s no reason to go broke on the real thing.  Just get one that looks like you could afford it.

Post # 35
Member
177 posts
Blushing bee
  • Wedding: June 2011

@Baseball: omg under 5k !!! i got a near flawless 1.25 princess cut from an ebay store called shiree odiz..i paid 3700 for it and it appraised for 13k

Post # 36
Member
1726 posts
Bumble bee
  • Wedding: July 2012

My advice to you is to follow ja7975‘s advice! Pricescope.com needs to be #1 in your search for the right ring. I really would not get a simulant if your heart is set on a diamond. If you buy from a vendor that has a good upgrade policy (like those on PS), you can upgrade to a larger/better stone later on, and still have a genuine diamond in the meantime. For a 5K budget, I think you will be surprised what you can get. Best of luck, now go get on PS! ๐Ÿ™‚

Post # 37
Member
7770 posts
Bumble Beekeeper
  • Wedding: July 2010

@evalague- that is completely false.  I will explain- diamonds in general- are the most common stone, but quality diamonds are very rare- and those WILL absolutely appreciate in value. 

Post # 38
Member
541 posts
Busy bee
  • Wedding: March 2011

I suggest finding a jeweler that sells wholesale diamonds. With the budget you mentioned a wholesaler can sell you a 1 ct with very good quality no problem. Or maybe settle for a smaller diamond if you really want a diamond and to save money, and later on save up for an “upgrade.” :p Good Luck!

Post # 39
Member
10 posts
Newbee
  • Wedding: June 2011

I picked out what the jewelry store called a fashion ring…Wasnt in the engagment ring section. She is white gold with a round center stone with diamonds all around it and the band is havs a weaved look with diamonds. I LOVE it and he got an awesome deal on it.  It was over 2k but it was on sale and is now discontinued. Ill try and post some pics.

Post # 40
Member
3316 posts
Sugar bee
  • Wedding: October 2009

We actually took a somewhat different tack.  We chose not to have engagement rings at all, and to have plain gold bands for our wedding rings. The ring NotFroofy gave me was inherited from her grandmother, and I bought the one I gave her for $155.

I am quite anti-diamond, for severalf reasons.  First, the whole concept that how much in love you are can be measured by the size of your diamond is absurd–and was almost entirely created by the De Biers monopoly, which was trying to sell diamonds.  The issues with blood diamonds are well known.  But even if you buy diamonds which are demonstrably not blood diamonds, you are increasing the demand for (and therefore the price of) diamonds, increasing the incentive for mining the blood diamonds.  The tradition also strikes me as sexist:  Only the man is unable to get married unless he comes up with a substantial amount of money, and only the woman is expected to be marked as “taken” during the engagement period.  And finally, I wore a diamond during my first marriage.  It made me very nervous about walking in certain areas of town, or traveling.  I just don’t want to have a ring I have to think about that much.

Part of the reaction you get with a fake diamond is people thinking you are trying for it to be something it really isn’t.  Since we weren’t even faking our rings being diamonds, it was clearer that this was something we had decided on rather than an attempt to fake it.

Ok, end soapbox.  I don’t judge anyone who chooses to have a diamond engagement ring.  But I am very glad I no longer have one.

Post # 41
Member
167 posts
Blushing bee
  • Wedding: July 2011

I bought mine online and am thrilled with it, though I picked mine out. I paid $700 for ering and band, 14k gold and black diamonds, all together something like 2.4 karats. I am actually proud that we got such a great deal and would have been upset if we would have went into debt over a ring we couldn’t afford right now. You can always upgrade later, maybe at your vow renewals when youre more financially stable? A house is an awesome investment into your family’s future ๐Ÿ™‚

Good luck!

Post # 42
Member
140 posts
Blushing bee
  • Wedding: January 2012

I always knew that I didn’t want a “new” ring for my engagement ring partially because when I was 13 I was passed down a family heirloom that is about a 1/2k diamond ring that has been in my family for 4 generation now and actually brought to America when my family was leaving Ireland. With that being said I started to do a lot of research and contacted the antique shops I usually buy my costume/vintage jewelry at. My now fiance and I ended up going to look at one store which had a large selection of gorgeous estate engagement rings! The ring he ended up picking out I absolutely love, and the band alone at every other jewelry store we looked was more than this store wanted for the whole thing! Also when going to look at wedding bands in a jewelry store in the mall the salesgirl was absolutely floored with the quality of my diamond. So do your research for estate rings and don’t be scared to go into antique store and estate jewelers and make them an offer, if something has been sitting on the shelf for a while they usually will entertain reasonable offers.

http://stonehomeantiques.com/gallery/engagement-rings/

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Post # 43
Member
457 posts
Helper bee

well the way i got my dream ring was saving and he used his income tax money!! He got alot more money back then expected and surprised me with the perfect ring

Post # 44
Member
53 posts
Worker bee

If you don’t want a large solitaire I think you can get a lot more for your money. I absolutely love my engagement ring, it’s gorgeous and looks like a flower and is very unique. It has 13 diamonds in it, none are very large but the ring itself is huge. It was about £1600 (about £3600). The rings with just one large diamond were much more (and didn’t look good on me anyway)

Post # 45
Member
212 posts
Helper bee
  • Wedding: July 2009

I just wanted to clear this up. ๐Ÿ™‚

Diamonds are NOT rare. Research this. If they are so rare, how come so many women have them on their little fingers, in their ears, in their necklaces, etcetera? The only reason they were picked to be “THE” engagement ring stone is because of how sparkly they were. Guess what? MOISSANITE beats it! Everyone is SO set on diamonds…which is totally fine if that’s what you want of course, but we have ALL been brainwashed by the diamond industry. DEBEERS…research their little shenanigans!!!

I am never going to buy another diamond. The only way I’ll have anything diamond is if it’s tiny ones circling a necklace someone buys me.  They’re pretty, but I’m getting moissanite. Why? Because it’s cheaper, even more sparkly (which I WANT!), I can get a bigger moissanite stone for cheaper, it’s almost as hard as a diamond anyway. There’s no reason I shouldn’t choose moissanite.

I don’t know if I helped your decision any, but I don’t agree with all this “diamond” nonsense.

Post # 46
Member
212 posts
Helper bee
  • Wedding: July 2009

@cbee: Actually diamonds aren’t worth as much as people say they are. If you try to sell a diamond, the majority of the time you will get back MUCH less than you originally paid for it!

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