The price of commodities such as gold and precious stones have increase very high recently because of the financial crisis all over the globe. It means goods jewelry such as rings and necklaces becoming more and more expensive. If you are ready to propose your love ones, you can not let the high engagement ring price stopping you, because there are several tips in which you can save money for an engagement ring without disappointing your future wife.
Brand – A popular brand name ring is always going to cost you more than a stone that does not carry a brand name. This is much the same as buying popular brand name clothing, rather than lesser known brands. If you want to save some money on the ring, seek out the most beautiful unbranded diamond you can find. Brand names come and go so that in a few years the brand may not matter whatsoever and you may still be paying back the cost of a brand name.
Negotiation – Just with many items, haggling for the price can save you quite large amounts of money. It is common for jewelers to mark up jewelry 200% or more so therefore they have a lot to bargain with. Don’t be afraid to negotiate with them to a price you are comfortable with.
Shape – The shape of the stone makes a huge difference to the cost. To save money on purchasing an engagement ring, try to find a stone that has been cut to an oval or pear shape. The reason behind this being that these cuts make the diamond appear bigger than it actually is and brings the carat weight to the top. Also, diamonds cut this way are less popular and can be much easier on your wallet.
Band – The first thing that people will see when they look at the ring is not going to be the band. Peoples eyes immediately go to the rock in the centre. That being the case, if you want to save money then it is sensible not to buy a too extravagant band and therefore you will have more money to spend on a diamond.
Stone – A common mistake among purchasers of diamond rings is purchasing the stone from the same retailer that will set the stone. It saves big money if you purchase the stone from one retailer and have a second retailer set it into the band.