Searching For The Perfect Ring
While it is possible to find a great ring or rings set at department, big-box, and traditional jewelry stores, there are alternatives that may can help you find the perfect ring while saving you money. Another consideration that many people have these days is a desire to wear a ring made from sustainable and conflict free materials. The options below can help you opt for more socially conscious wedding bands.
So What’s The Verdict How Much Money Should You Spend On Your Wedding Rings
So, bottom line: when it comes to shopping for wedding rings, just how much should you spend?
And the answer isit completely depends.
At the end of the day, there is no right or wrong amount of money to spend on your dream ring. Its a largely personal choice that will depend on many factors, including your budget, lifestyle, and personal style preferences. Whether you spend a reasonable amount or a lot, you and your partner need to be on the same page when it comes to wedding ring costs. You want your wedding ring to last you your entire lifenot break the bank before you even put it on. So budget accordingly!
What If I Have A Uniquely Shaped Engagement Ring
Most wedding rings are a simple round design, but if you or your partner has a specially shaped engagement ring, you would need to look at specially shaped wedding rings, such as a wishbone design. However, it is often the case that most people with uniquely shaped engagement rings will need to have their wedding ring designed completely from the ground up in order for the wedding ring to sit flush with the engagement ring. These ones take a bit more time and cost more. It’s probably worth having a conversation with your partner whether you would like to go to do a bespoke design to fit the engagement ring exactly. Some people may exchange their engagement ring and buy bridal sets so that the matching up is taken care of already, and others go fully into the bespoke end and spend more time, it’s really up to you.
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How Much Is The Cost Of The Average Wedding Band
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While engagement rings for ladies are undoubtedly expensive, wedding bands for the groom are significantly cheaper. For instance, a typical wedding ring for the groom will cost around $500.
Unlike womens rings unfairly pressured into meeting a diamond standard, most men prefer tungsten for their wedding band. Besides tungsten, platinum, white gold, and titanium are also in demand. Note that the cost of high-end wedding bands for grooms will still pale in comparison to the cost of the brides diamond ring. Even if the bride in question opts for an opal, emerald, or another inexpensive gemstone, you can usually expect a lower price point when shopping for the groom.
Significance Of The Wedding Ring
Some people believe that the significance of the wedding ring is that its round and has no beginning and no end, thereby representing the coming together of two souls for eternity. Its also thought that the space in the wedding bands center represents a door that leads to new opportunities.
From the earliest days, wedding rings were traditionally worn on the third finger of the left hand because it was said that the vein from that finger travels directly back to the heart . In Latin, the concept is called vena amoris or the vein of love.
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How Much Does It Cost To Size My Ring Platinum And White Gold
One Day This May Need to be Sized
Platinum and white gold rings cost more than yellow gold to size. Platinum rings cost more than white gold to size.
I see a lot of platinum rings and get a lot of questions like this: “Why does my gold band, , cost $85.00 to size one size larger and my husband’s platinum band costs $140.00 to size one size larger? And how come my white gold band costs $105.00 to size one size larger?”
This was written in 2013 and has not been updated to reflect the rise in metal pricing, rhodium plating increases or labor cost increases.
How Does That Stack Up Against White Gold
Simply sizing the ring one size lower could cost you $70.00 for a 14kt white gold ring. A sizing job going one size larger would start at around $90.00. This pricing is taking into account just sizing, polishing, and rhodium plating for a fairly thin ring with no other issues. In case you’ve had irritation from your white gold ring, read about nickel allergies.
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How Much Of Your Salary Should An Engagement Ring Cost Be
This one is totally up to you. Its really determined by your savings and expenses. The average engagement ring cost in the USA is around $5,000. However, if youre looking for something thats less expensive, you can get a lab diamond or work with a less expensive metal like 10kt gold. Nevertheless, be sure to prioritize her likes and tastes when choosing an engagement ring.
Finding A Cheaper Diamond Online
Lanore says it’s actually riskier to shop for diamonds online because there are far more low-quality stones to select from, which isnt always obvious to the untrained eye. Instead, she recommends going straight to the source. “Its best to consult the pros for your needs,” says Lanore. “There are a lot of tricks to know for each diamond cut and shapeit is a science, after all. I highly recommend contacting a diamond consultant to assist in center stone selection.” These experts can help you work with the “Four C’s” to get the best possible diamond for your budget. If you can’t find a local diamond consultant, there are plenty of companies you can use remotely.
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The Average Cost Of A Wedding Ring
One good thing about wedding rings is that there is no dearth of options. You will find plenty of options to choose from, ensuring that you will find something that not only is according to your taste but falls within your budget as well.
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Some common questions tend to swarm everyones minds when they think of purchasing a wedding ring. What is the price difference between a wedding ring for men and women and do both rings cost the same? How much do different elements influence the price of the wedding rings? Should the wedding ring be similar to the engagement ring? These are some questions that spring to mind.
It is seen that an average of $1,417 is spent on a wedding ring for a woman, while a wedding ring for men costs around $558. Thus, most couples will spend nearly $2,000 on wedding rings. Different factors influence this price.
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In recent years, a rise in popularity has been witnessed in the tungsten wedding rings for men. These are considerably cheaper. However, the drawback they have is that no adjustments to size can be made and it cannot be repaired. The amount of metal in the ring is directly related to the cost of the ring. The higher the width of the ring, the more its going to cost.
Express Your Love And Protect Your Investment
Ultimately, both rings should be an expression of your love, as well as your personal taste and style. This, more than the expense, is what matters.
Still, the engagement ring and wedding bands are an investment, both an emotional one in your partner and a financial one in the ring itself. We should always protect our investments, so in addition to budgeting for the ring itself, be sure to have money to put towardsinsuring them.
Jewelry insurance is often available as a rider on homeowner or renters insurance. Be sure to get your ring appraised so that it is insured for the proper amount .
You will also want to return for reappraisal over the years to have the cost of jewelry, metal, etc. re-evaluated over time as such things fluctuate. Some insurance policies require you to update the appraisal every few years.
Appraisal can also help you pick the best policy for you in the event of theft, damage, or loss.
No matter what, you should weigh the risk and potential cost, and be sure to protect your investment. Youre making a promise to protect and honor your spouse shouldnt you do the same for the physical, and expensive, representations of your romance?
With a little planning and a clear understanding of your partner, you can get the perfect set of engagement and wedding rings for your wedding. Explore online resources to get the best deal and find a diamond and jewelry expert that will help you with your decision.
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Remaking A Diamond Eternity Ring
Recently, we re-created a White Gold diamond eternity ring in Platinum. In addition, our client needed a different finger size. In fact, the original ring no longer fitted. For this reason, we re-made the original ring. Seizing the opportunity to upgrade to naturally white Platinum, we remade the eternity ring. Our video below shows the original ring mount. In addition, we show the final Platinum eternity ring.
How Can I Save Money
- âSolitaireâ rings have only one stone. Having just one show-stopping gem and no side stones can shave quite a few dollars off the price.
- A fraction of a milligram can make a huge difference in the price of a diamond ring. If you love a ring thatâs too expensive, ask if there is a similar option with a smaller carat size.
- Similarly, the quality of gold can save several hundred dollars. 18K gold is substantially more expensive than 10K gold.
- If you want a diamond, the easiest way to save money is to opt for a less-expensive dupe. Not many people could tell the difference between a diamond and morganite, moissanite, or cubic zirconia.
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How Much Should I Spend
Conventional wisdom says that anyone planning to propose to their partner should prepare to spend at least two or three months of their salary on an engagement ring. But spending too much isnt a good idea for various reasons.
A recent study conducted by Emory University connected pricey rings to divorce rates. Men who spent more money on rings for their fiancees were more likely to end their marriages. Thats a possible long-term consequence of overspending on an engagement ring. In the short term, using a large percentage of your money to buy a ring might prevent you from using those funds to pay bills or stay on top of your debt, which can hurt your credit score.
If the marriage doesnt work out and your ex-spouse decides to sell their diamond engagement ring, its value wont be nearly as high as it was when it was first purchased. Thats why diamond rings can be such bad investments.
So exactly how much should you spend on an engagement ring? Its a good idea to make sure that the price you pay doesnt prevent you or your partner from accomplishing whatever youre planning to achieve in the future, whether thats buying a house or having a child. Rather than following an old-school societal notion that says you should spend x amount of money on a ring, its best to spend an amount that wont compromise your financial goals or jeopardize the status of your relationship.
Your Mothers Jewelry Box
You obviously dont want to do this without your mothers permission, but it may well be that your mother or another relative has rings or jewelry with stones that they are no longer using. In some cases, vintage rings only need a quick polish and resizing to be presentable. In other cases, you can have the stones taken out of the setting and inserted into a new engagement ring or wedding band.
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Resizing A Ring Down Vs Up
Making a ring smaller will almost always cost less than making it larger because there are no costs for added materials. To make a ring smaller, jewelers typically:
To make a ring size larger, jewelers can either:
The amount of extra material needed directly affects the overall price.
Pro Tip: “Dont resize your ring too often! Your finger can change as much as a half size from day-to-day.” – Ben, J. Anthony Jewelers
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How Much To Spend On A Wedding Ring
Somewhere in the planning process, you need to determine how much to spend on a wedding ring. As with every detailfrom your venue to your flowersyou need to decide how much of your budget to spend.
Review our guide to learn about the average cost of wedding rings and what to consider when buying a wedding ring. Well also provide inspiration with the best wedding bands for various wedding ring price ranges.
Why Does Platinum Cost More To Size Than White Gold
Platinum’s Purity Adds to its Cost
The platinum in many rings is 95% pure platinum vs. 58% pure gold for 14kt white gold. This means that the metal costs are higher for platinum work.
Platinum is a completely different metal than gold. Gold is actually an easier metal to work with than platinum.
Among other things required for working platinum is a tank of different, hotter burning gas, used for soldering. Then there are separate tools that can not be shared with any other metals. Just like tomatoes, which prefer to grow in soil they’ve already grown in, platinum will discolor if you dare to use tools on it that have been used to work gold.
Purity of Gold Metal in 14kt White Gold Rings
This means your jeweler must be versed in the quirky requirements of platinum and have the separate tools and separate gas and a separate work space to care properly for your platinum ring.
You pay more for the expertise and quality work space to have your platinum ring worked on.
Some jewelers do platinum jewelry repairs using 14kt white gold. This saves them money. If you get a low bid on your platinum work, before you say, ‘sure, let’s save some money here,’ and use ABC Quickie Jewelry Repairs, ask if the repair work is being done with platinum. There’s a good chance it is not.
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