Buying a diamond ring can be a daunting task, especially when you’re on a tight budget. However, just because you can’t spend a fortune doesn’t mean you have to compromise on quality or style. With some knowledge and smart shopping, it’s possible to find a stunning and unique diamond ring that fits your budget. Start a search online today to find a beautiful diamond ring on a budget.
Set a Budget
Decide on a budget before heading out to shop for a ring. Consider your own financial situation and use this information to determine an amount that meets your partner’s expectations and is within your means.
Don’t forget that you can find a beautiful ring within any budget. Most importantly, it’s best to avoid going into debt for a ring.
Shop Online
When purchasing a diamond, opting for a brick and mortar store can greatly limit your options. Additionally, the expenses of running a physical store are reflected in the prices you pay.
The best option is to shop around, compare prices, and look online! Online retailers often have diamond rings deals or clearance sales.
Choose Cut Over Clarity and Color
Many consumers find it challenging to differentiate between the highest-end diamond on the clarity scale, and those lower on the scale. The price difference between the two can be considerable, but as long as the cut is good, it’s probably not necessary to invest in an internally flawless diamond.1
The same can be said for a diamond’s color grade, where a D or F diamond (colorless) can cost significantly more than an I diamond (near colorless) of the same cut, even though most people can’t distinguish the difference between the two.
While it’s okay to compromise on clarity and color, don’t cut corners when it comes to the cut of a diamond. Cut is a critical aspect of a diamond’s quality, accounting for up to 50% of its price.2 A well-cut diamond perfectly reflects light, giving it that desirable sparkle and brilliance.
Start a Search For a Beautiful Diamond Ring
You don’t have to go broke in the search for the perfect ring. Set a budget, shop online, prioritize cut, and look for deals. There’s a stunning diamond ring out there at an incredible price, if you know where to look and what to look for. So what are you waiting for? Start a search today!