If you are thinking about popping the question, you’ve probably also started thinking about popular engagement rings. More specifically, you’re probably wondering how to get a nice engagement ring for a reasonable price without losing your mind.
Luckily for you, here is the simplest guide ever to finding the engagement ring and wedding bands in the way that will work best for you. (Deciding which setting and loose diamond to choose is another story—but that’s also easier than it looks!) There are six ways to get an engagement ring, each with its pros and cons. Once you decide which shopping approach is best for you and your soon-to-be fiancée, you’ll be on your way to making that purchase—with your sanity intact.
Heirloom. If you have a diamond engagement ring that’s been in your family for generations, you may have the perfect engagement ring on your hands, preloaded with sentimental family history and symbolism. But be honest—if the style of the ring is outdated and clunky, you aren’t going to impress her with your grandmother’s 1930’s engagement ring. Start by getting the ring professionally cleaned. If the setting still looks shabby, or the center stone is dull and poorly cut, it may be a better idea to either reset the center stone in a new setting or purchase a loose diamond to rejuvenate a classic setting.
An antique or heirloom ring is romantic, but make sure it fits modern standards of quality as well.
National Chain Store. After seeing countless commercials of smiling, perfect couples picking out their engagement rings and wedding bands together at a national chain jewelry store, it’s tempting to walk in there and choose your own engagement ring without putting any more thought into the matter. National chains, those stores at the mall with the shiny displays and perky salespeople, are convenient, and generally have a pretty wide range of setting styles. However, the salespeople may not know an awful lot about diamonds, which can be frustrating when you are trying to invest in the perfect loose diamond. Also, remember that the cost of all those sexy commercials is worked into the cost of your ring.
Custom. Getting an engagement ring or wedding band custom-made is one of the most romantic things you can ever do for someone. When you go custom, you will have full control over every aspect of the ring design—from the stones used, the shank style, to the number of prongs in the setting. Of course, custom design take longer to complete than regular
engagement rings, and are more expensive as well. Custom designs are usually handled by online retailers or select bricks-and-mortar boutiques. Check online forums and consumer websites to see if there is a boutique that specializes in custom work in your area, or look into trusted online retailers that can create your dream engagement ring.
Custom engagement rings can be as luxurious and opulent as you want.
Independent Jeweler. There is a certain romance associated with walking into a friendly neighborhood jewelry shop and purchasing your engagement ring from a wise old diamond expert whose family has been in the business for generations. Independent bricks-and-mortar jewelry shops can offer impeccable customer service, a wealth of knowledge about loose diamonds and settings, and often throw in perks like free cleanings. On the other hand, they tend to have the smallest selection of stones and settings of any engagement ring source, and their prices reflect the high cost of running an independent shop. Before you buy from an independent jeweler, make sure that he is trustworthy and sells only certified diamonds.
Online Retailers. In the past, buying jewelry online seemed a little like buying a house online—how can you put that kind of investment into something you’ve never seen? But more and more customers are turning to the Web for their engagement rings, for several reasons. First, the selection at an Internet-based store is much better than at a bricks-and-mortar. Second, without the costs of running a physical store, online retailers can offer top-quality loose diamonds and settings at significantly better prices. Some customers appreciate communicating with diamond experts via live chat or email instead of in a store, where they might be pushed to buy something without thinking it through, while others enjoy the convenience of literally being able to buy the engagement ring or wedding band wherever and whenever they feel like it. The downside to buying an engagement ring online is that you can’t see it until it arrives in the mail, but at a reputable company, with photographs, advanced diamond imaging, and a reliable diamond certificate, there should be no unpleasant surprises.
Online retailers can often provide the best price, best value and most transparency on precision cut loose diamonds.