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Choosing An Engagement Ring


 

Step-by-step: Buying an Engagement Ring

 

Buying jewelry is always fraught with stress, and when you’re buying an engagement ring, that stress grows tenfold. Whereas any other piece of jewelry is merely an adornment, an engagement ring is a symbol of love and commitment. You want it to be perfect. You want her to love it. You want her to marry you. So when you’re in the market to buy The Ring, where do you even begin?

1. Establishing Your Budget

Before you start shopping, you need to decide how much money you can spend on a ring. If you can afford to spend months’ worth of your salary, that’s great. But even if being that extravagant is out of the question for you, it doesn’t mean you have to put off proposing. A ring is just a small part of the life decision you’re making, and there are plenty of affordable options on the market that a woman would be proud to wear on her finger.

2. Find the Right Diamond Ring

With your budget in mind, you’ve got to pick out the perfect ring. There are so many different styles out there, but it’s essential to choose the one that a future bride will want to wear. You have to decide on a metal, a diamond, and a setting.

Metal: There are many different kinds of metal that can be used for an engagement ring: silver, platinum, yellow gold, white gold, and rose gold. The different metals all have their advantages and disadvantages, but when buying a ring, it’s ultimately a matter of taste. While gold is classic, some women don’t enjoy the way gold looks on them and would prefer platinum. A big part of choosing the right ring is figuring out which material the woman in your life prefers. One way to do this is to look at the jewelry she already owns or you can ask a close friend or relative if they have any insight.

Size: One of the trickiest parts of the ring-buying process is getting one that fits (unless, as some people do, you decide to make choosing a ring a couple’s activity). It’s not always obvious: tiny women can have large finger, and vice versa. Proposing with a ring that doesn’t fit can put a serious damper on one of the most romantic moments of your life, and can be construed as thoughtlessness. Figuring out a woman’s ring size without making her suspicious, though, isn’t impossible. It just takes a little forethought. If you or a friend of hers borrows a ring she already owns, you’ll be able to figure out what size she already wears. (But don’t take one she wears often, or she’ll be likely to notice its disappearance.) You can simply ask a friend or close relative if they know the finger size.

Diamond: Though some women would rather have a sapphire or some other gemstone on their engagement ring, most absolutely want a traditional diamond. When working with a specific budget, you have to make some essential decisions about how you want to spend that money. In our Diamond Guide, we outline everything you need to know about diamonds, from the 4 C’s to the many different shapes. When buying an engagement ring diamond, you should keep these factors in mind, and decide based on the taste of the person you’re buying it for. Would she prioritize size over cut? Would she prefer a Princess Cut or a Round Brilliant? Obviously, there’s no need to be too stressed about these questions: a beautiful ring is a beautiful ring. But keeping them in mind will help you narrow down all the options you’ll encounter.

Setting: The way a dimond is set into a ring defines the look of a ring almost more than anything else. It is the style of the ring. Different ring styles range from simple and classic to highly ornate, and as with all elements of an engagement ring, the right choice is a matter of taste. Some popular settings include Classic Solitaire, Tiffany, Eternity, Bezel, Channel, and Pave.

3. Insure It

Bad things happen. If you’re investing a large chunk of money into a ring, it’s not a bad idea to get it insured, just in case. Loss, theft, or damage of such a meaningful item can be devastating, but having the security to replace it can ease any grief. Here are some different ways you can get that security.

Homeowners Insurance: One option is to add the value of your ring to your homeowners insurance. The only possible problem with this option, though, is that frequently these policies will only cover a ring if it is lost or destroyed along with destruction of one’s home.

Actual Value Policies: Actual values are one of the cheapest options for insuring a ring. If lost or stolen, a ring will be replaced at its “actual value,” with that value decreasing over time. The idea is that a new ring is more valuable than one that is ten years old, so any reimbursement will take that into account.

Replacement Insurance: On the other hand, replacement insurance reimburses at market value. Taking into account the metal and diamond of a lost ring, this plan gives you the going rate of the materials. This is probably the best if you want to replace a lost ring with an exact copy.

4. Know Where to Buy

There’s a lot to keep in mind throughout this whole process, but finding a jeweler you trust will make it easier. Ultimately you have to call the shots, but a jeweler can help you find what you’re looking for, make suggestions, and direct you towards reliable insurance. They can also provide certificates of your diamond, an appraisal for insurance purposes. You should also look for a 30-day return policy, in case things go awry with your proposal. TheCheapDiamond.com and VintageDiamondRing.com offer this, and other great benefits. Depending on your budget and style, you can find amazing selections of affordable clarity enhanced diamonds or vintage engagement rings on the sites and know that you’re getting a quality product.