Avoid Being Ripped Off
We fully acknowledge that it’s a lot more fun to spend time planning a perfect way to propose than to spend time studying engagement rings and diamonds. But you need to familiarize yourself with the terminology and choices you’ll have before you begin shopping.
One of the most unsettling aspects of buying an engagement ring is a concern over buying a fake ring. Doing some studying ahead of time will help you avoid being ripped off by a seller.
Understand that many jewelers have pre-set rings and diamonds in the display case. But you can also purchase a diamond and a setting separately, having them mounted later. This is a good idea if you want to create something unique.
Related: Common Diamond Buying Mistakes to Avoid
How To Sell Your Wedding Ring Online With Worthy
Free secure pickup – Describe your ringand schedule a secure shipment. Your valuable will be shipped to our offices via FedEx and fully insured by brokers at Lloyds of London.
We do all the work – Once your ring arrives at our offices, it is screened and put into our secure tracking system.
We get your wedding ring ready for auction by carefully cleaning it and having beauty shots taken by professional photographers.
Then its off to be graded by an industry-leading diamond lab like GIA, GSI, or IGI.
Now its time to create an auction listing, complete with the lab grading and beauty shot.
Set your reserve price, either by using our recommended price guarantee or setting a manual reserve price.
Start your auction!
Get paid – As offers from vetted professionals come in, you decide what offer to choose. Once the auction has concluded, you will receive the final sale amount minus our commission. Choose a payment method and get paid fast.
Dont Shop For The Perfect Diamond
The most expensive diamonds have the perfect features. It is colorless with absolute minimal inclusions and cut with precise symmetry. What the industry doesnt like to tell you is that a perfect diamond like this can look almost identical to the naked eye next to an imperfect diamond.
A 2 Carat diamond with perfect specs can cost you $10,000. On the other hand, a 2 Carat diamond with slight color, a few inclusions, and flaws, will only cost you $6000. These two diamonds will not look that different from one another. And in many cases, the lesser perfect diamonds flaws can only be seen under a magnifying tool.
If you want to save money on an engagement ring, dont be too strict on how perfect a diamond is. If it looks beautiful to you and looks perfect despite what its certificate may say, then it doesnt matter if its not pristine on paper.
Recommended Reading: Which Ring Goes On First Engagement Or Wedding Band
Top Ways To Save Money On An Engagement Ring
From general budgeting advice, to picking out the best value ring or diamond, here are the best ways to save money when shopping for an engagement ring.
When buying an engagement ring, it can be hard to know when youre getting a good deal and when youre getting ripped off. Luckily, with a few expert tips, youll have the keys to saving money on diamond rings without sacrificing on quality. Your money will be put toward the aspects that most greatly impact beautygiving you the maximum value for your budget.
Consider A Colored Gemstone Alternative
If you prefer a unique, vibrant style, consider a gemstone ring instead of a diamond one. By choosing a gemstone, like a sapphire or ruby, you can save significant money. This emerald ring from Leibish & Co., for example, for a total of 1.57 carat costs $6,335. This 4.04 carat weight purple tanzanite ring from Leibish & Co. costs $3,950. While its hard to make a direct comparison between diamonds and other gemstones, you can find stunning rings for an excellent price. This advice goes for other types of rings like promise rings and anniversary rings as well.
When going the gemstone route, we highly recommend shopping with Leibish & Co. Theyre known for their exceptionally beautiful stones, high-quality settings and competitive prices. Youll end up with a stunning ring thats personalized for the one you love.
Have more questions about getting the best ring for your budget? Email our experts.
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Where Can I Sell My Engagement Ring For The Most Money
The best place to sell your engagement ring depends on what type of ring it is. If you have a rare or unique ring design you will probably sell it for more money at an auction or via a vintage jewelry store. If you have a beautiful diamond with a less desirable or outdated band, you may fare better with a diamond specialist who might want to deconstruct the ring and re-use the parts for making other jewelry.
In any case, its probably worth checking out several different selling options and comparing prices. Theres no harm in getting multiple quotes and choosing the place where you can sell the ring for the most money.
Engagement Ring Budget Calculator
EXCITING UPDATE: This Engagement Ring Budget Calculator has gathered quite a lot of fame across the internet. News Blaze, Evan Carmichael, Smarter Ware, and the University Chronicle have all written articles about this calculator.
Please note: This calculator generates a projected budget based on our 30+ years of experience in the market. The total budget is not a definitive scientific amount, but rather a ball-park figure. The data may be used in our engagement ring research.
Recommended Reading: Which Ring Goes On First Engagement Or Wedding
Take Financing With Your Jeweler
Some jewelers offer payment plans that include low-or no-interest promotional periods, but high interest rates 28% or higher after the period ends.
Promotional periods on jeweler cards tend to be long, but if you still have a balance once the promotion ends, the jeweler may retroactively charge interest accrued since your purchase. This is different from no-interest credit cards, which charge interest only on any balance remaining after the promotion ends.
When its best: A jeweler payment plan may be the right choice if you qualify for a low- or no-interest plan and can pay the ring off in full before the promotion ends.
Qualifications: You need good or excellent credit to qualify for many store credit cards.
Best Ways To Sell An Engagement Ring
They say diamonds are a girls best friend. But sometimes, a girl needs a little extra money so that diamonds got to go! But while the famous DeBeers campaign ensured we learned to value fresh diamonds, theyre a bit like BMWs all flash and no resale value.
Its common knowledge that gemstones lose half the value the second they leave the jewelers. So whatever price you think youll get, dont expect anything above half-price. If anything above half price. So here are some hopefully helpful tips on the best way to sell an engagement ring.
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Should I Buy The Cartier Love Ring Second Hand
Yes, Cartier love ring is a classic piece, meaning that as time continues to go on, it will only go up in price. The good news is that there are tons of preloved Cartier love rings online. If you are unsure of your ring size, I definitely recommend you go to the store and try on the different rings in person. You guys know that there are a few places I love to get second hand designer products from, and thats Fashionphile and The Real Real.
Now that I have the Cartier Love Ring, Im dying to get my hands on a Cartier Love Bracelet to match, its such an iconic symbol of love! Of course, if I purchase that I will definitely do an article on the topic.
Sincerely Petite in Paris,
Where To Sell An Engagement Ring
Whether you inherited an old diamond ring or have an engagement ring that you no longer want, there are some great places to sell your ring online for the most money possible.
Selling an engagement ring may be bittersweet whether youve inherited the jewelry from a relative or have been through a broken relationship.
But on the bright side, selling your engagement ring should generate some money quickly. You could make thousands of dollars and even if you can only make a few hundred, thats still a significant number for most people.
But dont just walk into a pawn shop. A specialized diamond buyer will know your rings value and pay a higher price.
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Engagement Rings: What You Need To Know
For the ring itself, you’ll pick the metal of the ring, as well as the style of the setting.
What’s the difference between an engagement and wedding ring
In terms of style, engagement rings are usually more ornate and feature a diamond . Wedding bands tend to be simple bands of precious metals like platinum or gold.
- Platinum: A platinum ring carries a silver-ish color and is a long-lasting metal. However, it doesn’t hold its luster as well as a gold ring.
Related: 10k, 14, or 18k Gold: Which Is Best for Engagement Ring
If you’re not sure what kind of setting style and shape to choose, visit James Allen’s Inspiration Gallery before you buy an engagement ring. This feature allows you to see real images of rings people have purchased in the past and can help you figure out what style matches you best.
Some people will choose to use a gold ring with platinum prongs, which will hold the diamond in place stronger than a gold setting. If the gold prongs wear out over time, the diamond could fall out.
Additionally, the type of setting you pick can change the look of the diamond, making it appear larger. For example, a halo setting makes the diamond look huge.
nowAre engagement or wedding rings more expensive?
How To Save For An Engagement Ring
We all know saving money isnt easy. But it is possible, and for something as important as an engagement ring, its worth some small sacrifices.
First, have a budget in mind. Once you know the goal, saving to meet that goal will be much easier. Then, it just takes some smart decisions and financial discipline. Instead of trying to save a huge sum at once, put away small amounts here and there. Make regular deposits to your savings from your paycheck, and make regular, budget conscious choices that save a few dollars. The savings will stack up surprisingly quick.
A few smart moves and forward planning to save up prior to purchasing a ring will benefit you greatly long-term, as youll be able to avoid high-interest credit cards and financing.
The good news is you dont need to save an exorbitant amount of money for an engagement ring. By following some prudent tips, setting a budget and sticking to it, you can get your loved one a gorgeous ring that doesnt cost the world.
Read Also: How To Plan A Wedding Under 5000
Cushion Halo Engagement Ring With Round Diamond Accent In 14k White Gold
RING SIZING MADE EASY
Don’t Know Your Size?
Conveniently determine your ring size using our downloadable Ring Sizer. When you print the ring sizer, you must set the Page Scaling to ‘None’ in your printer dialog box. Otherwise, the ring sizer will not print to the correct scale.
Don’t See Your Ring Size?
Free Lifetime Ring Sizing from Shane Co.
Your rings will always fit perfectly when you buy from Shane Co. because our Free Lifetime Warranty includes complimentary ring sizing for life. No one takes care of your jewelry like Shane Co.
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Suggested Replacement
Plan For A Budget That Works
You might be mistaken in thinking that a beautiful engagement ring with a big diamond will cost you more than $10,000. But the reality is, there are plenty of affordable options where engagement rings range in price between $1000 to $10,000.
Consider a budget that can work for what you can afford consider payment plans, and plan to spend this much on your ring. To give you a good idea of how much diamond rings cos, here is a quick list of the average price range of engagement rings according to Carat size.
Price Range According to Carat Size
| Under 1 Carat Diamond | |
| 3 Carat Diamond | $9000 to $12,000 |
This is the average cost of affordable engagement rings. If you consider what budget you can commit to, it will make the search for an diamond ring that you can afford, a lot easier and faster to do.
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Invest Wisely: How To Buy An Engagement Ring That Wont Lose Value
Getting engaged is one of the most important times of your life, besides your actual wedding date. While the love between two people is what matters most, the engagement ring is very significant with many meanings. Perhaps it is a family heirloom, passed down through generations of your family. Maybe the ring is something youve been carefully saving for, hoping to purchase the ring of your partners dreams. Regardless, it is a symbol of never-ending love.
An engagement ring is a love letter. Theyre not known to be great investments. Theyre often chosen with much emotion and the resale market can be tough. Of course, most people see an engagement thing as a forever purchase. They dont think about the resale value, but they should. A high-quality ring can be passed down in a family for generations if kept in good condition. And while we hope it never happens, engagements can fall apart and most engagement rings are not returnable. Instead of fearing the worst, the best thing you can do as a consumer is to make sure youre spending your money on this investment wisely.
What Do I Need To Know?
Much like the highly emotional purchase of a car, a diamond engagement rings value depreciates steeply after the initial purchase. However, if you buy a high-quality engagement ring and it is well-maintained, the ring will keep a relatively consistent value over time.
How to Buy a Ring That Will Keep Its Value
How Does GIA evaluate a Diamond?
