Diamonds are a girl’s best friend right. Well jewellers throughout time have done a good job in convincing women across the world of this and if you have decided to take the plunge and get married you will probably left with a hefty bill to front this best friend. Or have you?
Here are some tips to get a great deal on your diamond ring.
Do not use a chain jeweller to buy an engagement ring
Yes you have purchased the pretty blue box with the white ribbon but guess what you have just spend twice the price on a ring. Chain jewellers such as tiffany’s are expensive-and they can be. With their advertising, accessibility and reputation people have been caught into the trap. Chain jewellers are a great way to explore and investigate the styles that you want but you will be overpaying for what you get.
Second hand engagement rings
This may seem odd but could be a good option for those on a tight budget. People could be selling engagement rings because of divorce, a breakup or financial struggles. Investigate pawn shops or classifieds but make sure to get the item appraised so you know what it is worth. Also check out antique stores or estate sales where you can find huge bargains on jewellery.
Shop overseas for jewellery
Some countries are cheaper than others to buy diamonds. Places like Mexico, the Bahamas, Cayman Islands, Dubai, India, South Africa and Thailand have massive savings. This is somewhat hard when we live in Australia and are so far from everywhere but could be a good idea if you are going on a holiday somewhere.
Buy your engagement ring online
This may be a scary thought but like everything else moving to online you can now purchase quality diamond engagement rings online for huge discounts. If you are going this route make sure that the jeweller has some kind of guarantee and decide on what you want before you browse and purchase. Some retailers may have online shops that offer the same item at discounted prices. Beware if you go this option your bride may not be too impressed!
A common trend now is using Diamond Wholesaler to purchase the stones separately at lower prices. Sometimes you may be able to find a wholesaler jeweller who still sell the stone and then design the setting also. Usually this can offer massive savings then buying a standard style from the retail jewellers.
Change the 4 c’s
Diamonds are characterised by the 4cs: Carat (size), Colour, Clarity and Cut. Changing cuts probably not going to get you anywhere but sacrificing some in the carat, colour and clarity can offer massive savings. Most of the time this is not even noticeable once worn. Even moving one grade down on each will help out immensely.
Don’t buy a diamond
Like I said earlier diamonds have become a tradition through a long course of almost brainwashing. But it does not mean that you actually have to get a diamond and your fiancée may not actually like them. Have a look at other stones that can be much cheaper and provide for a unique alternative to a diamond ring. You may want to look at your bride to be’s birth stone for a more personalised option.