(Closed) Purchasing an ering on a budget? help please?

posted 5 years ago in Rings
Post # 2
Member
183 posts
Blushing bee
  • Wedding: September 2018

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lunamortem:  you should look into the Amora gem. It appears diamond like, and had diamond level durability but you can get one for around $2000 vs 10,000+ for a natural diamond. If you are really set on a diamond though be prepared to do a lot of online hunting to find a large stone on a budget. In the end, depending on what your budget is you may have to seriously compromise on cut, clarity and color to find a stone of the right size. 

Post # 3
Member
4233 posts
Honey bee

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lunamortem:  

How big of a budget? Even Bill Gates had a budget. I recall that he bought his wife a diamond at Costco.

2nd hand could be a good avenue to find great gems at a discount, like used cars.

🙂

Post # 4
Member
269 posts
Helper bee
  • Wedding: December 1999

You may know about the websites that specialize in second hand rings and loose stones:

idonowidon’t.com

haveyouseenthering.com

A Bee mentioned getting a clarity enhanced diamond from a vendor she really likes.  She ended up with a 5 carat diamond but said it still had noticeable flaws which she was willing to overlook for the carat weight. If t understood correctly. That didn’t sound like a deal that appeals to me but I know that there are pressure/heat treated diamonds out there to enhance clarity and color that turn out really nice and the treatment is permanent.   It improves the molecular structure just like natural volcanic pressure and heat, result is no different from natural high clarity clear color diamonds.  You migjt try googling pressure treated diamonds to see if you can find a bargain. Good luck!

Post # 5
Member
4233 posts
Honey bee

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lunamortem:  

For ten grand you will not find a higher graded diamond of 2ct-3ct, unless it’s 2nd hand. You could buy a clarity enhanced larger carat gem, but, not everyone is willing to go clarity enhanced. You could find an antique cut or less-desired cut, or a gem with a significant but “concealed” chip/inclusion/flaw, and also get the 2ct or larger sizes.

But, again, there are many variables. Carat size is just one facet of the diamond. Pun intended.

What are your sense and sensibilities about diamonds in general? And how much reading have you done on them?

Oh, what fun to shop for sparklies, huh? Bling! 🙂

 

Post # 6
Member
1703 posts
Bumble bee
  • Wedding: July 2012

How exciting of a time for you! Congratulations on getting the go-ahead for an upgrade. 😀 

Do you have a diamond you want to trade in to help ofset the cost? Do you know how important cut/clarity/color is to you? Shape preference? These can have a huge impact on price of a stone. 

Post # 7
Member
461 posts
Helper bee
  • Wedding: March 2016 - Miami

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lunamortem:  Hmmm.. it’s hard to get an idea of your financial situation. Originally when you said “on a budget” I thought you meant “not spend a lot.” But to me, $10K is A LOT to spend on a ring! Personally we spent less than a thousand, but I can see your finances aren’t the same as mine. In your case, I’d consider a few things…

Is $10,000 really an amount you’re comfortable spending? Would you be able to pay off your loans and bills sooner if you dropped that budget down to say $2K? If so, I’d strongly consider spending less on your ring.

If you’re heart is really set on a large stone, consider moissanite. It’s high quality but fraction of the cost of diamonds.

If you truely can afford to spend $10,000 on your ring, simply find a ring you love that costs $10,000 or less. Don’t worry so much about the exact carat number. It really doesn’t matter. Especially when we’re talking about a $10K ring… anything for $10K is going to be a bing, fancy rock.

Good luck!!

Post # 9
Member
593 posts
Busy bee
  • Wedding: July 1993

Pricescope.com. They will help you.  They know their stuff and will get you the best diamond in your price range. 

Post # 10
Member
6240 posts
Bee Keeper

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Mdmc:  +1

 

as others have said you’ll have to drop on clarity and colour to get a large carat size on that budget but it can be done. Online is the way to go or secondhand.  Good luck with your search. Let us know what you decide. 

Post # 11
Member
2662 posts
Sugar bee
  • Wedding: July 2015

I think you’ll struggle getting what you want on that budget unless you’re happy to sacrifice the other c’s for size. The bees have made excellent suggestions. Vintage is always a good place to start for more bang for your buck. 

Are you certain you’re both able to spend so much on a ring? Is that the budget remaining after you’ve paid your debts? Far be it for me to spend your money for you but I’m just in the camp that having your debts paid is a safer route than buying luxury items.

Have you considered moissanite? You could get a larger stone for less money. Happy shopping whatever you decide!

Post # 12
Member
87 posts
Worker bee

It would be impossible to find a 2 – 3ct diamond of reasonable quality in terms of cut and clarity for $10k. Go to Pricescope, they can help you.

Post # 13
Member
3092 posts
Sugar bee

It all depends on how important the four Cs are to you. 

Carat.  For some reason this is important in America even though large stones are not necessarily flattering for many people’s hands. 

Colour.  For some reason this is important in France even though  most people cannot see the difference between a D and an I diamond once the diamond is set in a ring.

Clarity.  For some reason this is important to high street jewellers even though people cannot see the difference between an fabulously expensive flawless diamond and a VS2 (and sometimes an S1) except under a x10 magnifier.

Cut.  For some reason this seems to be unimportant to high street jewellers even though 90% and more of a diamond’s beauty is determined by cut.

This is my advice

Go and try on lots of rings with stones of different sizes and shapes and, rather than just concentrating on how the diamond looks, concentrate on finding the size and shape that makes your hand look pretty.  Do the same for the setting. 

What you will probably find is that there are ‘sweet spots’ where things look good.  So, for instance, you might find that 0.15-0.3, 0.5-0.70, 1.25-1.40 and 2.7-3.0 all look good on your hand but the sizes in between don’t.  This could be different for different shaped diamonds and could vary by setting.  (You’ve been on this site a while and so you know that there are some fantastic rings and yet a huge range of diamond size can be considered beautiful.  Some diamond rings just seem to work even though one person might have spent $100 and another $100,000.)

You are really unlikely to get a wonderful diamond 2-3ct for $10,000 and so I think you have a choice.  You either trade beauty for size or you trade size for beauty.  If you want to trade beauty for size then I don’t think that you need to read any further.  Just go and buy something.

If what you want is a beautiful diamond and you are prepared to go for a smaller stone then I would suggest the following.

1.  Consider good quality online diamond retailers – Whiteflash, Brian Gavin, Good Old Gold, Diamonds by Lauren are all very good.  They sell better diamonds at a cheaper price than high street jewellers.  I’ve also heard good things of Mervis diamond importers.  Pricescope can give you more information on these sites and others.

2.  Go for the best cut.  Don’t compromise.  A fantastic cut makes the diamond sparkle and has the advantage of making the diamond look bigger.  If you prefer a round stone consider Heart & Arrows cuts.

3.  Choose the size and shape of diamond that you want.

4.  Lower the clarity to VS1/VS2.

5.  Lower the colour to H/I (if set in white metal) and J/K (if set in yellow metal).  If necessary consider pale yellow diamonds that aren’t quite fancy colours.

6. Quite a few of these online sites also have a real shop presence.  I think Good Old Gold is near New York, Whiteflash is in Houston and Mervis is in Washington.  If you get the chance to go and see the diamonds in person, do so.  I actually think that if your Fiance is super romantic he might fly you somewhere to choose a diamond in person.  (That’s what I would do if I was a bloke.)  Seeing diamonds in person is really important if you go for fancy cuts (anything other than round) but actually I think that it’s a good idea anyway.  Even among the top cuts some diamonds are just prettier and more sparkly than others.

7.  Background colour.  Every white diamond has a faint background colour.  If you are colour sensitive then even an H white diamond will have faint hint of yellow, brown or grey.  You might want to make sure that the diamond has a yellow background colour.

8.  Certification for insurance purposes.  Go with GIA or AGS.  They are more stringent than European labs.

9.  Make sure that in buying an expensive diamond you don’t skimp on ring quality.  The ring has got to last many years and so you need to make sure that the ring is robust enough.  You don’t want it so delicate and easily damaged that it spends all its time in a box.  You don’t want it to be so spiky that it keeps snagging on clothing, hair, and other people’s children.  You don’t want it so large that you spend all your time looking at it – if you look at it all the time you will get diamond shrinkage and become hypercritical of your ring.  You don’t want it so ornate that it collects huge amounts of hand cream.  You don’t want diamonds dropping out and getting eaten by the dog.  You don’t want to spend your entire life going to a jewellers to get your ring fixed.  Etc., etc.

10.  If after all this you find that diamond size is not important to you then go to De Beers and get them to pick out a small but perfectly formed diamond for you.  They have gemologists whose job it is to do so..  You will probably have the smallest and yet the most sparkliest diamond in the room.  People will tell you that it’s ‘cute’ but they will notice it because it wll glitter at them from every corner and in every light. 

Good luck and let us know how you get on.

Post # 14
Member
5217 posts
Bee Keeper

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lunamortem:  Does it need to be an engagement style ring? This band has over 4 carats of diamonds, and it’s less than $10,000.

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