Finally, you’ve decided to ask her to be yours forever. Now, it’s time to finalize a dazzling engagement ring to propose to her. But you have no idea how much you should invest in a gorgeous engagement ring.
Of course, the cost is something that can hold you back when you go shopping for an engagement ring.
Here is everything you need to know before buying your dream engagement ring.
The average cost of an engagement ring
The average cost of an engagement ring depends upon the metal, gemstone, 4Cs, and ring setting. The way you choose your ring to look defines the price of the ring. Let’s explore some of the gemstones that might affect the price of your dream engagement ring.
- Diamond
Once you decide to propose to the love of your life, the very first thing that comes to your mind is a beautiful engagement ring. Diamond is the first choice for an engagement ring. Women have a separate place for the diamond in their hearts.
Let me tell you, the average cost of a decent engagement ring varies between $3,000 to $5,000 USD. The price can go a bit up and down, depending upon the ring settings, metal, and the size of the stone you pick.
- Other Gemstone Options: Sapphire, Rubies, and Emeralds
Diamonds have been the first choice of almost everyone for an engagement ring. But if you instantly want to be different and unique from others, buy a beautiful colored gemstone engagement ring.
You may go for the striking sapphires, rubies, and emeralds for your one-of-a-kind engagement ring. These amazing gemstones are in trend nowadays.
Get your colored gemstone engagement ring in intoxicating blue sapphire, deep red ruby, or lush green emerald to make a unique style statement. Buying a colored gemstone engagement ring will also reflect your exceptional love for her.
Colored gemstone engagement rings are less expensive than diamond engagement rings. The average cost of a colored gemstone engagement ring travels between $1,000 and $3,000 USD.
Things to Know Before Buying an Engagement Ring
Before deciding on the engagement ring, know what kind of ring will suit your partner well. If you don’t know what exactly your partner’s choices are, it’s time to know her first and then buy her a beautiful engagement ring.
- You need to have an idea about what she likes. For example, if she likes modern style, then a pave ring setting with a diamond will match her expectations.
- You can spend as much as you want on your gemstone engagement ring. It’s important to decide on your budget to get a beautiful gemstone engagement ring without putting bundles of money into it.
- Always buy from a reputed jeweler to get quality assurance on your jewelry. GemsNY is one of the online gemstone retailers known for its best bespoke service.
Tips for Saving Money
Buying an engagement ring is a big task. You really want a one-of-a-kind ring for the love of your life. But don’t rush into things; take time and do your research.
Here are some tips that can help you save your hard-earned money.
- Go for a low-carat stone if a big stone is too expensive. It will save you a lot of money.
- You may also choose a lab-created diamond to sit on your engagement ring. Lab-created diamonds are 30% to 40% less expensive than natural diamonds. These diamonds are as real as natural diamonds.
- If you want a big stone on your engagement ring, then choose a less expensive metal such as white gold or yellow gold instead of platinum.
- Compare the price of your engagement ring with other online jewelers as well. Also, visit brick and mortar stores to compare the price of your ring at offline stores.
