Post # 32
My DH is intimately aware of our financial comfort zone – and none of the above really apply because he had more of a size of diamond and a quality of stone in mind than a price. He knew he could afford that – and it definitely didn’t break the bank. I guess if I had to choose one I would choose the first. I think everyone knows what they can ultimately spend regardless of where that price range lies.
Post # 33
@creeative1: what do I think of that quote? “both would be better.”
The grading report is a huge, huge help, but you also have to look at it in person. Basically, a grading report that pinpoints a problem? Yeah, that’s pretty much guaranteed to be a diamond with a problem. A great grading report? Not enough. Sometimes a diamond has all its Cs in a row and yet… it’s just “meh.” After the grading report basics, there is still an additonal “X factor.” You know it when you see it 🙂
Post # 34
I set the budget but we ended up going over because I fell in love with an expensive ring. DH was ok paying it because it was what I loved. We could still afford the more expensive ring but I wanted to be more practical (that is until we went ring shopping). There’s no point in going broke for jewelry.
Post # 35
We didn’t set a budget, but we have joint bank accounts so we both knew what we could comfortably spend. We ended up spending one weeks of my FIs salary for my engagement ring, and will probably spend just over another week for our wedding bands. We spent so little because I found an antique setting I loved on eBay and got it for a steal! We bought a diamond for the setting and had it set. I love my ring, and love how frugal it was! My guy told me after it was on my finger how he had been planning on spending so much more then we did, he thought roughly two months of salary which just seems crazy to me. That’s money we’ve been working hard for and saving for a house. As much as I love jewellery, I’d rather a house and we can’t comfortably afford both.