6 Ways To Start Budgeting For Her Engagement Ring

You’ve probably heard that an engagement ring ought to cost a couple of month’s salary, but is that set in stone? In short, no. Everyone has a different way of figuring out an engagement ring budget.

We’ve put together a list of ways you can set your budget for your partner’s engagement ring.

  1. Learn about the Four C’s

Before you settle on a budget, learn about the four C’s – colour, carat, cut and clarity. It is these factors that determine the value of the stone and play a big part in the diamond’s final price. The more you know, the more you will understand how much you’re getting for your budget.

  1. Setting and Centre Stone May Be Sold Separately

Many people begin their search for a ring by browsing any rings online. Mostly, the rings are pictured with a centre stone, so you can get an idea of what the completed item will look like. But, the diamond may not be included in the price you see. So, you’ll want to budget for both the setting and the diamond. Stones can range drastically in price, so make sure you understand the additional costs.

  1. Find Out Her Preferences

When budgeting for the ring, take into account her preference in ring styles. There are loads of styles to choose from, such as halo, classic, or even vintage-inspired. Different styles come with different price tags. For instance, a basic solitaire setting is usually affordable for most people, but an intricate setting with accent stones and a diamond halo is going to cost a great deal more.

Also consider the metal she wants, as different metals have different pieces, too.

Deciding on the kind of metal and setting you want to buy will help you figure out how big the diamond needs to be, too. If you buy a setting that makes a diamond appear larger, you can save on the centre stone.

  1. Find Out Her Ideal Shape or Cut

There are different ways to cut diamonds. Find out what her preference is, such as princess or round brilliant cut, so that you can budget accordingly.

  1. Should You Design a Custom Ring?

There are so many engagement rings on the market, but that doesn’t mean you’ll find the right one for her. So, you should see Certified Diamond Network’s custom engagement rings to ensure she has a one-of-a-kind sparkler on her finger.

  1. Decide What You’re Willing to Spend

Knowing how much you can afford for an engagement ring is important. It’s good to keep in mind that there are financing options for engagement rings that you may want to take advantage of, too. Decide how much you can afford to pay as a down payment and then how much you could pay each month for 6 months to a year. This should be your maximum budget and is a great way of gauging how much you can realistically afford to spend on the ring.

If her dream ring is just out of reach right now, remember that you can always upgrade down the road. If this sounds appealing to you, budget more for the diamond and less on the engagement ring setting right now. She can keep the diamond for life and replace the setting when you can afford to.

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