5 Ways to Save Money When Buying an Engagement Ring

Article by Adam

When it comes to buying an engagement ring, you want to get that special someone the ring they deserve. The reality is that most shoppers think diamonds can’t fit in their budget. That’s not true! The truth is that there are conflict free diamonds for sale in many price ranges. There are tricks to stretching your dollar to keep the cost of your diamond engagement ring down, which is why we put together these 5 tips for buying your diamond on a dime.

#1 - Choose a Halo

Did you know halo set engagement rings create the illusion of a larger size center stone? To get more bling for your buck, consider choosing a ring with a single or double halo set with a slightly smaller center stone. Some of our most sought after styles include the Heirloom Engagement Ring, Heroine Accented Engagement Ring, and the Venetian Stackable Engagement Ring.

Halo Engagement Ring

#2 - Cut the Colorless

Want to buy a colorless diamond but have a tight budget? Consider a near colorless diamond ranging H to J instead. You can get a fantastic value on your diamond by doing so. Unless you’re comparing the two different colored stones side-by-side, you will notice little to no color difference when looking at an H-J colored diamond with the naked eye.

The cut is considered the most important quality of a diamond, yet it is the least understood of the 4Cs (cut, color, clarity, carat). The cut of the diamond determines how light passes through the stone, thus affecting the fire, brilliance and sparkle. A good rule of thumb to follow when wanting to keep costs down is to choose a stone with a better cut and lower color as this will not compromise the beauty of the diamond. 

Colorless Diamonds

#3 - Size Down, Save Big

By purchasing a lab-created diamond just below your desired carat weight, you can save hundreds or even thousands of dollars. For example, if you have your eyes set on a 2.0ct diamond, a 1.91ct diamond with the same specification will likely cost less. Plus, there isn’t a noticeable optical difference.

Diamond Sizes

#4 - Choose a Fancy Shape Diamond

Did you know that any diamond shape other than round cut is considered a fancy shaped diamond? Fancy shaped diamonds such as pear, princess and radiant tend to cost slightly less because less of the raw diamond is cut away. Round cut diamonds are always high in demand and prices can reflect that. Fancy shaped diamonds are a great option to keep costs low.

Fancy Shape Diamonds

#5 - Mix and Match Stone Types

Have your eyes set on a three stone ring but can’t wrap your head around buying three diamonds? Consider mixing and matching the types of stones you want set in the ring. Our affordably priced Diamond Hybrid® simulant is only $295 per carat and can always be upgraded to a lab-grown diamond in the future. Consider setting a three stone ring with a lab-grown diamond center stone and Diamond Hybrid side stones, or vice versa, to stay within your price range.

Three Stone Engagement Ring