2 Important Tips To Remember When Buying An Engagement Ring

Posted on: 18 December 2014

If you are hoping to propose to your girlfriend sometime within the next six months, you should start thinking about the ring you will give her. Engagement rings are an important part of proposals, yet they can also be very expensive. As you plan for the day when you will get on one knee, you may want to begin looking for ways to afford a ring she will love, and here are two tips that may help you achieve your goal.

Start Saving Now

According to USA Today, the average amount of an engagement ring is around $5,598. This amount may be more or less than the amount you were planning on spending, but no matter how much you spend there is a good chance you do not have the cash to use for the entire purchase.

Most jewelers offer financing though, and you could take advantage of this if you cannot afford to pay cash for the ring. If you are considering getting a loan to buy the ring, you may want to wait for a few months so you have time to save up some money to use as a down payment.

When you go to buy the ring, make sure you find out all the details about the loan, including:

  • How much your payments will be
  • The interest rate on the loan
  • How many payments it includes
  • If a warranty is offered on the ring
  • What the return policy is

Planning ahead for this purchase is a great way to limit the amount of money you must borrow for the ring. While you may want to purchase the most beautiful ring around, keep in mind there are plenty of great rings that are affordable.

Another thing to remember is it might be helpful to take your girlfriend shopping before you decide on a ring. By doing this, you will find out what she is hoping for, and this will help you choose the perfect ring for her.

Consider an Alternative

Despite popular belief, engagement rings do not have to include diamonds. In fact, you could choose from numerous alternative options, and one of these is called moissanite. Moissanite is a synthetic material used to make gemstones. It is made from silicon carbide, and it looks just like a real diamond.

If you could compare a real diamond to a moissanite stone, you may not be able to tell the difference. Both are almost colorless, and they both are similar in hardness. In addition, a moissanite stone will often sparkle more than a diamond, which makes it the perfect alternative to a real diamond.

Moissanite gems and diamonds are different in other ways too, and here are some of the differences:

  • Price – According to Hard As Rocks, a moissanite stone will cost approximately 1/8th as much as a real diamond.
  • Value – Because of the history and rarity of diamonds, a real diamond ring will hold its value better than a ring that contains a moissanite gemstone.
  • Options – If you can find a jeweler that sells moissanite rings, you may discover a lot of options, but many jewelers do not carry moissanite rings yet. You may have an easier time finding real diamond rings.

Another alternative option you have is to purchase a ring that contains cubic zirconia. This is a synthetic type of stone too, and you can purchase cubic zirconia rings for affordable prices.

Getting married is a big event in life and choosing the right ring is an important part of this. If you would like to learn more about options in rings and financing on the rings, visit a jeweler today and contact places like Sol's Jewelry & Loan.