Shopping 101: How Much To Spend on Every Type of Engagement Ring

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Shopping 101: How Much To Spend on Every Type of Engagement Ring
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Your jewelry shopping questions, asked and answered.

—cut, carat, color, and clarity. If quality is important to you, then clarity and color will weigh heavily over carat size. And if you still crave that big statement ring, try a diamond halo, side stones, or fancy diamond cuts like a marquise, pear, or oval that pack a bigger punch.

If size matters to you most, carat weight should be your focus. With that said, keep in mind that most jewelers do not sell diamonds lower than K on the color scale, and a popular clarity range is VS1-VS2. No matter how much you wish to save, note that it is not advised to go below these ranges and sacrifice more of a diamond’s quality just to increase the impact of the carat weight.Platinum is the most durable metal—but also the most expensive.

Pave diamonds, while beautiful, can heavily increase your bottom line. If you love the look but want to cut down on cost, opt for a half pave band. Become well-versed in the differentadvises that couples “focus on what is important to you— whether that be the style of the ring, or the type of center stone. Buy something you feel comfortable with and not what you are told you should have.

Once you decide on the style and are confident in your decision, insurance might feel optional, but consider it mandatory. Don’t forget to factor the cost of insurance into your budget—the more expensive the ring, the higher the cost of insurance.Walter McTeigue stresses that, “An engagement ring is meant to be a special and unique symbol of your love. Don't just get the job done; have fun and explore options that are unique and special and that you feel a connection to.

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