How Much Should You Spend on Diamonds?

Buying diamonds for an engagement ring is always a very stressful business. For some the most stressful part is the question of how much you should spend on the diamonds. A diamond is meant to be a symbol of your love and commitment, the fact you think she is worthy of the best there is, and that you are entering into a relationship you want to last as long as the diamond will – forever.

Now although the diamond ring is very important, you do not want to go over doing it or blowing the budget. Although the engagement ring is significant, so is your marriage and you want to have money left over to have a nice wedding and a financially comfortable life together. The best way to ensure you are getting the best quality for the price you can afford is to make sure you have familiarised yourself with the ins and outs of diamonds.

Getting Quality for Your Money

It is important for you to make sure you are aware of the fair market value and quality of the stone when buying a diamond ring. You should do your homework on the 4 Cs: Cut, Colour, Clarity and Carat. These are the things you need to look out for to ensure you are getting the best quality diamond and to work out what is more important based on what you can afford.

To avoid getting into a situation where you are going to be over-charged or worse still, tricked into buying a low quality diamond, you should make sure you go to a trusted retailer.

Going to chain jewellery stores is generally a safe bet, and you should try look for somewhere that will provide you with a money back guarantee or the ability to exchange, in the event she doesn’t like the ring.

The general rule of thumb for how much to spend on a diamond ring is between 1-3 months’ salary. However this is just a guideline and this figure may be completely unrealistic for some couples.

However there is such a large array of diamond rings available you should be able to find something to fit your budget. If you are buying from a trusted retailer they generally have finance options available as well so that you do not have to pay for the whole ring all at once.