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Getting a Good Deal On an Engagement Ring

Updated on July 1, 2010

Most people only intend to get engaged (and married) once in their lives so it's important to find the perfect ring ahead of a proposal. Most men assume that this will cost an eye-watering amount of money but in reality, buying an engagement ring doesn't need to be expensive. Believe it or not, there are ways to get better deals so that you're not spending a small fortune or having to buy an inferior ring because of your budget. Here are some tips for making your hard-earned cash go further when you're choosing an engagement ring.

1. Use the internet. As with a lot of things these days, you can often find a better deal online. You may be able to take advantage of online sales from well-known jewelry brands, or find more specialist stores that will sell engagement rings that are perhaps a little more unique at lower prices than the big names. The big advantage of shopping online for engagement rings is the ability to quickly and easily compare prices to ensure that you're getting the best deal, but remember that you can't get as good a feel for what the ring looks and feels like in comparison to visiting a store in person. If you're really struggling, try searching eBay for a second-hand ring that's being sold by someone whose engagement didn't last. Not everyone who gets engaged ultimately goes down the aisle so you might get lucky and find one that is in great condition and at a bargain price because the original owner wants to get rid of it.

2. Consider alternative stone options. Diamonds are undoubtedly a popular choice of stone for engagement rings but they don't come cheap. If you're on a tight budget, think about choosing a different type of stone that won't be so detrimental to your budget. You may be able to find stones that don't look too dissimilar to diamonds but are much cheaper, or you may prefer to choose something entirely different instead.

3. Go for less stones. It's not the ideal option but choosing an engagement ring that has more surface area (and therefore, less stones) can bring the costs down. 

4. Ask for less carats. By this, I don't mean dropping down a carat size altogether. Instead, you can choose to have 0.9 carats or 1.9 carats. It's only a minute difference but you could be surprised at how much you save by doing this. 

5. Ditch the platinum. Having a white gold band rather than platinum can also be a cheaper option. 

Whatever type of engagement ring you choose, make sure that the jeweler is accredited by the Jewelers of America or the Gemological Institute of America (GIA) so that you can be confident that you're buying high-quality goods - especially if you're buying a diamond -based ring. These grade diamonds according to their cut, clarity, color and carat. 

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    • Hello, hello, profile image

      Hello, hello, 7 years ago from London, UK

      Thank you for such good advice which will help.

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