Buying a diamond engagement ring is not a piece of cake

Smart guys not only acquire precious love but also know how to buy valuable jewelry

So you love her and you are ready to buy an engagement ring for her. It seems fairly simple: Treat. Here's the plan: Withdraw cash from any ATM or sign up checks or bring your new or heavily abused credit card into a form of transport into jewelry, choose what you like, pay and leave. It may be literally that easy! Buying an engagement ring is a piece of cake for some, but buying a good one is a bit more difficult, so become smart enough before buying your first diamond.

Let me define what is a good diamond: A good diamond is one that will hold its value (what you paid for) or increase in value over the time period. For 2009, only one out of 50 diamonds sold to an endusers (that is) will hold its value or increase in value. The other 49 (98 percent of the game) will have an average value of the secondary market only 19.7 percent of the original purchase price. This means that if you do not know how to choose a good diamond, you will have loss of value of your diamond by over 80 percent! A poorly selected diamond, which you will buy at 5000 dollars (245,000 INR) will sell off somewhere around 1000 dollars (48840 INR) after the 30-day return policy expires. Obviously, I do not want that to happen. I want that the new diamond you are going to purchase now will keep on increasing in value for years to come.

So you say yes, I knew it that a smart will say YES, so it is better to do your homework before purchasing your diamond rings and follow these simple strategies by me for you so that you do not fall prey to misleading diamond sellers.

Beautiful blue diamond ladies ring for freshness and comfort
Beautiful blue diamond ladies ring for freshness and comfort

Strategy #1: What is your budget?

Go ahead, think, and set up a reasonable amount that you would like to spend before you go for buying your first diamond. A recent research in India has shown that people who purchase diamond engagement rings spend somewhere around 2000 to 4000 dollars on an average. If you will do your homework, you should easily be able to get the diamond of your dreams less than the price.

Diamond engagement rings but better check them before buying. Personal advice

Strategy #2: Think like a detective

Put on your detective hat and find out what shape and size of the diamond your wife or lover would like and what kind of approach she has for them as well and this information can be obtained by her best friend or mother. You can also walk through a mall with her having jewelry outlets, pop into a jewelry outlet and calmly say this phrase to her, "Hey darling, if you could have any jewelry, what do you choose?" and she will say this or that and in this way, you can get to know about her taste. Also, while in that jewelry outlet, get her ring size.

Featuring princess cut diamond engagement rings
Featuring princess cut diamond engagement rings
Princess cut diamond engagement rings
Princess cut diamond engagement rings
White and yellow god mixed diamond  rings for your wedding and engagement parties
White and yellow god mixed diamond rings for your wedding and engagement parties
Precious diamond ring for no bargain
Precious diamond ring for no bargain

Strategy #3: Brush up your knowledge of diamonds

When you will go in to buy diamond jewelry, it is important to speak in the language of jewelers to get to know what is its fair price. Here comes the time when you should know about 4C and 5C - "cost" to come. Here is a brief tutorial. The 4C stands for carat weight, color, clarity, and cut of the diamond.

I. Carat weight: This is the physical weight of the diamond. It can be described in fractions ¼ ct, ½ ct, 1 ct, etc. or dots .37, .45, .98. When I say points, it indicates percentage points (1 ct is equal to 100 points) or 100 percent of the total, so a 48 ct means the diamond is 48 percent of 1ct. If the quality is good, the largest diamond or what we say "solitaire" costs more.

II. Engagement rings with the average size. Clarity: Here, we describe how the diamond is clean and free from inclusions and blemishes. Defects may be scratches, nicks, or chips outside of the diamond. Inclusions are imperfections that are "included" within the diamond. The clarity scale begins with "perfect" and runs ends at "imperfect". That's the whole scale.

· VS-1 - SI-1 are really good to get if the diamond is to be worn. · -IF - VVS-2 are the best for investment. · I-1 - I-3 are very poor, but this quality is available for very tight budgets.

III. Color: Diamonds come in all colors of the rainbow, but usually the white is better. The alphabet minus A, B and C are used to indicate how the diamond is. White: D, E, F are colorless, G, H, I, near colorless, J, K, L and K through Z are slightly yellow and are of low value.

IV. Size: The proportions of a diamond are critical for the amount of brilliance and beauty (dispersion) we see. Diamonds are available in four classes of cut. Class I and Class II are well proportioned diamonds and average 88-93 percent light return. Class III and Class IV are not properly proportioned and average only 33-38 percent light return.

V. Cost: Instead of putting a sheet of money that does not stay current, have a good list of resources for the best price possible, you can get for any carat weight, clarity, color and cut.

Strategy #4: Choosing Quality

While a poor quality of diamonds can be bought as soon as it takes to go to 7-11, some diamonds of good quality can take months to find. Your best bet is to start your search six months in advance. If this sounds extreme, think how long it took to find your woman!

So to recap, before buying a diamond engagement ring, you have the best strategy! This includes establishing the budget, her and your expectations, have a good understanding of 4c and 5c, etc. being yourself, and giving enough time to pull out of everything.

Now you have become a very smart lover. Good luck and congratulations for your engagement with the love of your life.

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Comments 25 comments

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Duchess OBlunt 7 years ago

Good thoughts for all you young people out there.

I have heard the advise to spend approximately 1 month's salary.

I guess it would depend on how much you make to determine if that's too much.

Kevin Peter profile image

Kevin Peter 7 years ago from Global Citizen

No, this is entire life ,spend 1 years salary for buying ring ,at least 6 month's amount is a must

Veronica Allen profile image

Veronica Allen 7 years ago from Georgia

Great information. Thanks for the valuble advice.

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surfzen 7 years ago

Good Hub. I am lucky. I live less than 1/2 mile from GIA the company that certifies the quality of most diamonds sold in America. When you see a diamond in a store, understand that the retailer paid 1/3 the asking price for the stone or less so there is a lot to work with in the price. A $6000 1 carat VS 1(very small inclusions) of a Color ranking of D, E, or F have no or white color. The cut of the diamond will determine the brilliance. You will be looking at the diamond under the best of circumstances with a brilliant light and magnification in the store. The more inclusions or black carbon spots you see in the diamond under magnification, the lower the value. When you buy a diamond for someone to wear it will not be examined by friends with magnification. So....try to buy the stone that is the largest without having the black spots visible to the naked eye and you will end up with a very pretty ring. My own rules 1. Do not buy a ring at the first store you go to. Go back later, impulse buying will cost you. 2. If you are close to a city with a jewelry district, go there. I found one in San Diego and have purchased several pieces there. I found a beautiful stone and the wholesale jeweler designed a ring for it and the cost was less than if I had purchased it at Costco or Macy;s and the quality was way better. 3. Always ask to see the GIA certification. 4. When you are comfortable with your ability to judge a stone, consider estate sales. Example...Appraised Value $9,000. The stone will bring $3,000 to the seller if they go to any jeweler who buys diamonds. The jeweler will then resell the stone to the public for anywhere from $6,000 to $9,000. You might be able to purchase that stone for $4000 and save three to five thousand off the retail price. JMHO, Chuck

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

Thanks Duchess OBlunt, Kevin Peter, Veronica Allen, and surfzen for your valuable inputs.

Especially the information provided by surfzen is really incredible and yes this hub was incomplete about that info. Thanks again surfzen for the addition of this really valuable information.

So friends, all types of diamonds come with an authentic certificate of verification of the cuts, issued by several national and international institutions and associations, for example for US, one is GIA (Gemological Institution of America), so buying any diamond jewelery with GIA certification will increase the value of your money.

Anamika S profile image

Anamika S 7 years ago from Mumbai - Maharashtra, India

Nice Hub! You have got a point there.Diamond is indeed a very valuable product so you have to ensure that you buy it right.

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

Yes Anamika. Diamonds are very expensive and any person planning to buy diamonds should check them thoroughly.

My upcoming hubs on buying diamond engagement rings will be:

How to choose a jeweler before buying diamonds?

How to create a unique engagement ring?

Unique diamond engagement rings studded with stones

Tradition of engagement rings and the meaning of stones

Deborah-Lynn profile image

Deborah-Lynn 7 years ago from Los Angeles, California

Wow Soni, this is such a facinating Hub! I really enjoyed the way you put it all together and the color, and the ring photos and I am in Awe! This is by far the best Hub I have ever seen!

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sangeetjass 7 years ago

really great hub i have bookmarked it for the time wen i need to buy one....

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

Thank you very much Deborah-Lynn for your support and sangeetjass for taking your time to read this hub.

Rashmi Juneja 7 years ago

Really amazing tips on buying diamond jewelery. I have a wedding in my family of my cousin brother and he was asking me to go with him for shopping for a diamond engagement ring for her to be, so I think when I will go over there for shopping, these tips will help me a lot.

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

Thanks a lot Rashmi for using my tips. Let me know about your experience you had at the jewelery shop or in the jewelery mall.

Diamond Cut 7 years ago

I would have to agree that the cut is the most important of the 4 C's. If the diamnd is cut too shallow or too deep then light will escape the diamond early and you will lose some sparkle and brilliance. Never compromise on the cut. Go for ideal cut.

Nice informative hub btw.


soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

Thanks a lot Jan for adding your knowledge and expertise in buying diamonds, specifically looking on for an ideal cut. Best of luck.

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kaceybabe 7 years ago

see for me a ring doesnt symbolize love. Of course every woman wants the perfect engagement ring, but whats a ring without the qualitys of a strong relationship. i think marriage isnt taken seriously enough these days. marriage is for life but this isnt the case at the moment (so many people getting divorced)

To me an engagement ring is about the thought. that person spent time looking for the ring they thought you would like. out of thousands of rings this is the one that stood out. so for me its the thought that counts ... i would love any ring my partner got me just because theres a piece of them in it too. sorry this response is so long but i feel so strongly about this! x

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

No problem kaceybabe, this is how friends are made. Your response has made me your friend. I can experience the experience you have at such a young age. You are 6 years younger than me but you have experienced the world better than me. Honesty and kindness you possess is not possessed by many people in this selfish world. I respect your feelings and respect for you partner.

In today's world where traditional countries like India are following the path of developed countries, people like kaceybage are just like precious diamonds studded in a necklace set.

pps 7 years ago

About buying diamonds, browsing for diamonds at online stores is ok, but do not buy any unless you can physically see and inspect the diamond. If you do bought a diamond online, it's best to get it certified by GIA or other trustworthy sources.

soni2006 profile image

soni2006 7 years ago from New Delhi, India Author

These are some very good points brought up by pps. I also recommend buying GIA certified diamonds either online or in a diamond jewelery shopping store.

allangering 6 years ago

Creating great content. I am so happy our sites are linked at this article was very useful. Thanks again!

soni2006 profile image

soni2006 6 years ago from New Delhi, India Author

But Allan where you have linked my article in your site. It's not in your site's blog also.

Jenn Seligmann 6 years ago

This is a very informative article. I agree with "soni2006" that buying a GIA graded diamond is a good idea.

soni2006 profile image

soni2006 6 years ago from New Delhi, India Author

Thanks a lot for your review of this article Jenn. I always tell diamond buyers to purchase GIA certified diamonds.

gemstone beads 6 years ago

thanks for share....I am a jewelry designer..will read more....

soni2006 profile image

soni2006 6 years ago from New Delhi, India Author

Thanks for reading my articles on jewlery and expensive stones.

omi 5 years ago

browsing for diamonds at online stores is ok, but do not buy any unless you can physically see and inspect the diamond. If you do bought a diamond online, it's best to get it any's better then online...thx

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