May 4, 2023

How To Get The Best Deal On An Engagement Ring

How To Get The Best Deal On An Engagement Ring

Getting engaged is an exciting milestone in anyone’s life, and choosing the perfect engagement ring can make the moment even more special. So, anyone who wishes to propose to their special someone must invest in a valuable engagement to complement the occasion.   

However, with so many options available when you shop affordable princess cut engagement rings with lab-created diamonds, buying one can quickly become overwhelming. Many couples may feel pressured to spend significant money on an engagement ring. But it’s important to remember that the cost of an engagement ring should not put you in financial hardship. Several shops offer a reasonable price for a ring. So, you have the luxury of hopping from one store to another to find the ring you prefer and which suits your budget. 

In this guide, we’ll explore some tips and tricks on how to get the best deal on an engagement ring without sacrificing quality or style. From setting a budget and understanding the 4Cs of diamonds to know the 5 rules to buy a ring, we’ll help you navigate the process and find the perfect ring at a price that works for you.  

You need to know how much you’re comfortable spending. With a budget, you will know your limitations and not be in a risky financial situation. You can also narrow your options, making choosing more straightforward.  

Setting And Sticking To Your Budget  

A general rule is to buy a ring with a budget not exceeding two to three months of your salary. However, this is not set in stone. You should still set a budget that works for you. 

Research The 4Cs Of Diamonds  

The 4Cs determine the diamond’s value – cut, clarity, color, and carat. Understanding this will help you choose one within your defined budget. The cut affects the diamond’s brilliance and sparkle. It’s the most crucial factor in determining a diamond’s beauty. A well-cut diamond will reflect light well and won’t be lifeless like poorly cut ones.   

Clarity, on the other hand, is the diamond’s freedom from flaws and blemishes. Diamonds may appear colorless when seen by the naked eye. Still, when passed under the light, they can have various hues ranging from colorless (Grade D) to yellow or brown (Grade Z).   

Diamonds are measured in weight by carats. A carat equals 0.2 grams. Diamonds are sold in fractions of a carat. However, it doesn’t mean that a diamond is more valuable and expensive when it is heavy. The other Cs must be factored in.   

Shop Around 

It’s always best to check multiple jewelers when buying an engagement ring. This way, you can compare prices and weigh your options. But before going to the shop, it would be best to visit online stores to assess the rings you’d like to check.  

Looking at online stores can give you an idea of the specific rings you’d want to see in person. It’s a great strategy that many buyers use when buying other products like furniture and digital devices.  

Online stores today have a wide selection of rings you can choose from. They also have many promotions and offer huge discounts. You can even grab coupons from online discount websites before you check out, so you’ll get the best deal possible.  

However, it’s best to perform due diligence when buying online, as there’s a high risk of getting scammed. It’s best to read reviews thoroughly and check the store’s return policies. 

Consider Alternative Gemstones 

Diamonds are not the only choice for engagement rings. Other beautiful options are more affordable. Some of them are: 

  • Moissanite – A man-made stone made from silicon carbide that resembles diamonds. It looks similar to a diamond but is less durable.
  • Sapphire – A stunning gemstone that can come in shades of blue, pink, yellow, and green. You can even get it in your would-be fiancée’s favorite color. 
  • Morganite – An affordable alternative to a pink diamond. It’s a pink-hued gemstone with a soft, romantic look, perfect for that intimate proposal. 
  • Emerald – A gemstone that can make quite an impression with its striking green color and unique appearance. If your fiancée is not traditional, then he/she might love the beauty of an emerald. 
  • Aquamarine – Another great alternative to a diamond that’s also very durable and has a stunning pale blue color. 

These alternatives can equally match the beauty of the diamond. They may not compete in value, but they would undoubtedly represent your commitment and love for the person you’re giving them to. 

Buy A Loose Diamond

Loose diamonds may be frowned upon by ring connoisseurs. But they offer many advantages, especially to those looking for a great deal. For one, you can customize the ring when you buy loose diamonds. You’ll also have more access to variety and be more flexible with your design.  

Choose A Simpler Setting 

The simpler the setting, the less expensive the ring will be. A solitaire setting, for example, is a classic and elegant choice that showcases the diamond without any distractions. It is also less expensive than more elaborate settings. 


If you know diamonds, you can negotiate for a fair and better price from your jeweler. That’s why this guide listed do your research second on the list. Knowing what you’re talking about will make you more confident and assertive in negotiating. 

Don’t hesitate to ask for a discount. And if certain shops don’t want to hear your offer or lowball you, don’t hesitate to walk away. Jewelers will be more than glad to oblige anyone for a discount—especially those on their way to their happy ending.  


In conclusion, finding the perfect engagement ring at a price that works for you requires some research, planning, and patience. It’s important to set a budget, understand the 4Cs of diamonds, and consider alternative options like lab-grown diamonds or vintage rings. Additionally, shopping around and comparing prices from different jewelers can help you get the best deal possible. Remember, the cost of the ring should not put you in financial hardship, and the most important thing is the love and commitment shared between you and your partner. By following these tips and staying true to your budget, you can find a stunning engagement ring that symbolizes your love and commitment without breaking the bank.