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

posted 10 years ago in Rings
Post # 47
Member
593 posts
Busy bee
  • Wedding: May 2010

@futuremrsmartin11: Aw, I feel a little bad that this happens in a lot of diamond/engagement ring threads. I’m anti-diamond and happen to agree with you 100%, but from what I’ve seen we’ll never convince women who choose diamonds that they aren’t worth it. Just as they’ll never convince us that they are worth it. You can find plenty of “information” on the net to support both sides and many people don’t bother to question the bias of a certain report and rest their case.

It never seems to go anywhere constructive. I wish I could hear from a single person that had their minds changed either way on the subject! I don’t think I will though.

Post # 48
Member
175 posts
Blushing bee
  • Wedding: September 2011

i got my ering and band for about $900. the ering that i fell for was actually a right-hand ring!!! so right there we saved tons of money!!! i love my ring. when we went in to the store we looked at everything, not just the engagement section. and i saw the ring and picked it out. the sales lady was a bit disappointed but hey right…. and then the band that we bought was just a simple band that goes with it even though it was not a set itself. sorry it so huge but this is my ering!!!

[attachment=1085669,135935]

Post # 49
Member
212 posts
Helper bee
  • Wedding: July 2009

@Edina: I know. I think most women just believe what they hear and they don’t really research it. Now, if a woman just really wants and loves a diamond, that’s totally fine with me. I don’t have anything against a woman having a diamond ring. I think diamonds are absolutely gorgeous.

However, I *know* why a diamond is the e-ring choice: sparkly, & because of DeBeers and their advertising (just so people would buy their diamonds). They is the only reasons. Before all that, women who HAD engagement rings picked whatever they wanted. But, again, and as we both know, diamonds are not rare and are not worth hardly anything at all. We all pay outrageous prices for no reason. Plus, I don’t want a stone that is most likely NOT conflict-free.

I want a moissanite, they’re even more sparkly than a diamond. However I’ve also considered a pink sapphire (my boyfriend got me a necklace that is a pink sapphire and I think it is gorgeous!) However, moissanite matches everything! I honestly think it’s prettier than a diamond because of it’s sparkle!

Post # 50
Member
218 posts
Helper bee

@evalague: & @cbee:

Cbee is right. Although a value of a ring goes down because it’s pre-owned, with overall money inflation (on everything, not only diamonds), diamonds will keep getting more expensive. A ring bought used will cost less, but when appraised can be just as or more valuable.

They don’t REALLY lose any value.

Post # 51
Member
593 posts
Busy bee
  • Wedding: May 2010

@littlemissbluebird: Value is grey to me. If I bought my TV for $1100 but can’t sell it for more than $800 then it’s value is $800. If nobody wants to buy it, then it’s value is $0.

I guess I am asking what good is appraisal if you can’t ever sell it for that price? I am genuinely asking here not being snarky…As English major, I’ve successfully avoided math/economics/business classes for years.

Post # 52
Member
2410 posts
Buzzing bee
  • Wedding: July 2011

@ the OP, based on your post it sounds to me like you want a diamond and are only considering a substitute to bring the price down. Based on the budget you have posted, you can get an amazing ring in NYC. We got mine at Larry’s in the Diamond district. We went with 0.93 carats, because it looked the same size on my finger as 1 carat. I have really big fingers, size 8.5. We got a process cut VVS1, I think it is an H or I. We had it set in a thin band with micropave, and it was only $3,000. The best thing about the diamond district vs a Zales or Jareds is that the prices are completely negotiable, and everyone on the street is competeing for your business.

Get the e-ring that will make you happy. Don’t get something that your heart isn’t completely into or that you feel you will have to make excuses for. 

Post # 53
Member
218 posts
Helper bee

@Edina: Appraisals are mainly for insurance. Diamonds won’t lose value over time after being purchased… unline cars, tvs, etc. Newer versions of these things come out over time, leaving the older ones with no value. This doesn’t really happen much with diamonds, although new cuts with different numbers of facets to “enhance sparlieness” (technical term!) have been coming out more and more… but that’s just a ‘cut quality’ improvement. Color, size, clarity quality will never really improve unless science finds a way to delete any imperfections from a rock.

Post # 54
Member
593 posts
Busy bee
  • Wedding: May 2010

@littlemissbluebird: Oh good point, forgot about insurance reasons. I’ve just never heard of a case where someone was able to sell a diamond for the amount they purchased it for, nor for it’s current appraisal and so I was wondering how people can say “well its value is X” if they aren’t really getting X. I suppose whatever retailer they sell it to for less could turn around and jack up the price based on it’s “value.” It’s confusing to me!

Post # 55
Member
1019 posts
Bumble bee
  • Wedding: January 2011

@futuremrsmartin11: i’m actually a little offended by your comment that diamonds “aren’t worth anything” and your other previous post. it’s not something you just find on the ground randomly and stick in a setting. it has to be dug up, cut,  polished, etc. that process takes $$$. what makes “moissonite” worth “anything”? it’s not free, and can be a pricey stone.

additionally, some diamonds ARE guaranteed conflict free and if that’s important to you, you CAN make sure you get one of those. my diamond is canadian, and yes we paid a premium for it, but that’s okay. it was important to us.

no need to judge people for wanting or buying diamonds. it’s not your $$$, and it’s not your ring. yes, the OP wanted opinions on those different stones, but you can do it in a way that you DON’T have to “bash” diamond rings and the people who want them.

Post # 56
Member
593 posts
Busy bee
  • Wedding: May 2010

@blondeeebuckeye: I have a moissanite and I am totally comfortable knowing it’s worth nothing 🙂 I reread futuremrsmartin’s post and she doesn’t say diamonds are worth nothing, just that they aren’t as valuable/rare as people are lead to believe.

I think it’s awesome you got a Canadian diamond, because they are really the only way of guaranteeing a non-conflict diamond. The Kimberly process is and always has been far from fool-proof. Here is a current example:

“But the Kimberley Process is failing in its job. It is currently certifying Zimbabwean diamonds as “conflict-free,” despite clear evidence that mining for the gemstones has led to serious human rights abuses. As Brilliant Earth points out on their blog, the Zimbabwean military under President Robert Mugabe has seized control of the country’s diamond mines and has used forced labor, murder, and torture to keep production going. The profits from these diamonds are helping Mugabe’s authoritarian regime continue, and rough gems are being exchanged directly for arms that go to supply Mugabe’s military. Furthermore, as the Kimberly Process continues to certify Zimbabwean diamonds, they are showing up at jewelry stores around the world, labeled as “certified conflict-free.””

-HumanTrafficking.Change.org

Post # 57
Member
1019 posts
Bumble bee
  • Wedding: January 2011

@Edina: i misquoted her, she said “are not worth hardly anything at all”.

 

Post # 58
Member
1154 posts
Bumble bee

Diamond district in NYC can get you over 1 carat for that price at very reasonable quality.  If diamond is what you want and you can spend 5k you can absolutely get close to 2k.

Post # 59
Member
212 posts
Helper bee
  • Wedding: July 2009

@blondeeebuckeye: I didn’t “bash” them. Read it again. And I didn’t say they weren’t worth anything. They aren’t worth what people pay. They are common stones. Like I said, they are beautiful.

Post # 60
Member
8 posts
Newbee
  • Wedding: May 2011

We bought my e-ring from an estate / antique shop. We had a rough idea of a budget, so we didn’t consider anything above that. We considered the options at a few other stores, but the offerings in our price range were meagre at best.

It was almost dumb luck that we found the store where we bought my ring, as it was across the way from another jewellery store that we’d just exited. This ring was caught my eye, and that was that.

 I’m not sure how good value this type of shop would be, if all you are after is getting the biggest diamond for your dollar. However, there seemed to be choice in the lower end of the market, so you just might see something you like for a reasonable price. 

 

Happy hunting!

[attachment=1087344,136227]

Post # 61
Member
3295 posts
Sugar bee
  • Wedding: May 2011

i live in indiana and i got a 1.01 carat soltaire for 1800 including the lifetime insurance! it was on sale! and they gave us a deal with the insurance bc we asked… but i dont see why you couldnt get a ROCK for 5000! 🙂 good luck!

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