Proposing marriage and presenting an engagement ring to your loved one is a moment that the two of you will never forget. But before you get to that point, you need to purchase the perfect engagement ring. Many people spend quite a bit of money on engagement rings, so it is important that you know what you're doing so you don't pay too much or get ripped off. Use the following tips when shopping for engagement rings:
Understand the 4 C's
Diamonds are typically the most popular stones for an engagement ring, and diamond engagement rings can be quite expensive. When shopping for a ring that features a natural diamond stone, it is important to know the 4 C's of diamond grading: carat, color, cut, and clarity.
- Carat: This term typically refers to the weight of the diamond. As carat weight increases, the price usually goes up.
- Color: Diamonds naturally come in a variety of colors, but for jewelry, colorless/white diamonds are usually the most popular. The grading scale starts at completely colorless and goes down to yellow. Diamonds that are colorless or near colorless are usually more expensive than diamonds with a very faint yellow hue.
- Cut: The way a diamond is cut effects how it interacts with and reflects light to create sparkle.
- Clarity: A diamond's clarity depends on how many inclusions or blemishes it has.
It is not necessary to buy a ring with a completely colorless, excellent cut, flawless diamond in order to get a beautiful ring for your beloved. Many grade differences on diamond scales are not visible to the naked eye, so you may want to compromise on the 4 C's in order to get a ring that fits your budget.
Be Realistic About Your Budget
Before you even begin looking at engagement rings, be completely realistic about your budget so you don't waste time looking at rings that are out of your price range. Decide in advance if you're going to pay in cash or finance a ring; if you choose to finance an engagement ring, make sure you know exactly how much of a monthly payment you can comfortably afford to pay.
Get an Appraisal
When you're going to make the investment in an expensive engagement ring, you are sure to want to know that you're getting what you're paying for. Many jewelry stores offer documentation of a ring's appraisal values by independent companies when you make a purchase. If you are buying a ring from a private party or through an estate sale, make it known that the sale is contingent on getting a jewelry appraisal done by an independent jeweler of your choice. One place you can get your jewelry appraised is The Gold Miner.