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How To Choose A Diamond Engagement Ring Within Your Budget

Updated on May 2, 2024

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

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wedding ring engagement ring diamond jewelry
Published on April 28, 2024
Updated on May 2, 2024

After you’ve purchased an engagement ring, the next step is to celebrate with your partner and begin planning the rest of your life together. Whether you buy a fancy diamond or not, it’s still a symbol of love that will last forever.

What makes us your trusted partner

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

Choosing the right engagement ring is an exciting process, but it can also be a stressful one. Your budget may limit your options — and that’s okay! There are plenty of beautiful diamond engagement rings available within a wide range of budgets. You just have to know where to look and how to ask for help if you need it. Let’s walk through the process together!

Set Your Budget

Before you can begin shopping for an engagement ring, you need to set your budget. There are two important factors that determine how much you should spend:

  • The carat weight of the diamond (how big it is)
  • The quality of the setting (how much metal surrounds the stone and how it’s designed)

In general, it’s best to focus on one at a time. Buying a larger stone will look pretty on its own and won’t need as much metal around it, making it easier to stay within budget. However, if your heart is set on a certain design or type of setting—perhaps because they’re more unique or classic—then go ahead and splurge! You could also choose one or two smaller diamonds instead of one large stone; this may sound like less impressive but will still make for an elegant ring that can be worn every day without worrying about damage from daily wear and tear.

Pick The Setting (Or Settings) You Want For Your Ring.

Once you’ve chosen the diamond you want, it’s time to choose a setting. The style of your ring can make all the difference in how much you love it. For example, if you’re looking for something classic and understated, then a solitaire diamond might be perfect for you. But if you’d rather show off your unique style with something more flashy, then look into cluster or channel-set rings instead.

The setting should complement your lifestyle as well as fit your personal preferences. If the design is too small or too big for what makes sense in terms of size and proportionality (for example: channel set diamonds on an engagement ring), then it probably won’t feel right even if it looks beautiful on paper—and this goes back to being sure that everything works together harmoniously before making any final decisions!

Choose A Diamond Shape.

The diamond shape you choose will have a lot to do with your personal style. You can choose between round, emerald-cut, princess cut and more.

Depending on your budget, you may want to consider a diamond that is more expensive but has less clarity or color for an equivalent carat weight. For example, if you are looking at two diamonds of equal size and clarity but one costs $2,000 more than another simply because it has better color than its cheaper counterpart (even though both contain the same amount of carats), then this may be a good option for you.

Select A Diamond Setting Style.

You’ll want to consider the style of your ring setting. The most common settings are prongs, bezel, claw and band. A prong setting has four or six prongs that hold the diamond in place. With a bezel setting, the diamond is held by two or more metal bands that wrap around its sides. Many people prefer this style because it protects their diamonds from chipping or cracking if they’re dropped on a hard surface like concrete or marble floors. Another popular option is a claw setting where claws hold onto the diamond through its center instead of using prongs or other types of supports (like a band). Lastly, there’s tension settings which are typically only used with emerald cut diamonds because they don’t have enough room between each facet to fit anything else without distorting them too much!

The last thing we need before moving on is some basic knowledge about how these different types work together with their respective metals – especially when trying not spend too much money while still getting something nice looking like me here!”

Understand The 4C’s Of Diamond Quality.

To begin, you should understand the 4C’s of diamond quality. These are cut, color, clarity and carat weight.

Carat refers to the size of the stone itself. You can use this as a way to gauge whether or not your budget is high enough for what you want: if it is smaller than 1 carat then your budget may be too small; if it is larger than 3 carats then your budget may be too big.

Cut refers to how well-formed and symmetrical the stone is—this can affect how sparkly each diamond wears over time! An ideal cut will have no imperfections or blemishes visible from above (from top left) or below (from bottom right). A good rule of thumb here is that anything under 0% won’t shine as brightly since rough materials don’t reflect light very well; anything between 0%-50% reflects light very poorly because there aren’t any facets on them yet; anything over 50% reflects light very efficiently because there are lots of facets for light waves to bounce off of!

Finding the perfect engagement ring is an exciting process, and one that you’ll always look back on fondly.

Finding the perfect engagement ring is an exciting process, and one that you’ll always look back on fondly. A diamond engagement ring is a symbol of love and commitment, and one that you’ll want to treasure for years to come.

Diamonds are the most popular gemstone for engagement rings and can be found in many different shapes, colors and sizes. Choosing an affordable diamond within your budget is important because you don’t want to spend more than necessary on something that will be worn every day for decades to come. Thankfully, there are plenty of options available for any budget!

Ready to sell your diamond and get the best price? Let Diamond Registry’s global connections and expert team help you find the perfect buyer. Visit www.diamondregistry.com/sell-your-ring now to get started. And don’t forget to use our trusted diamond price calculator to instantly check and calculate the value of your diamond per carat.

Want to check and calculate diamond per carat instantly? Go to DR’s diamond price calculator to know how. Reliable and trusted carat calculator in the diamond industry since!

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Nissan Perla

Nissan Perla has over 40 years in the diamond industry and is the CEO and Owner of Diamond Registry since 1979. Nissan is recognized as one of the talented experts in the diamond world and has been mentioned in publications such as The Washington Post, Chicago Tribune, The Time Out, Sassy HK, and more.

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Client Reviews

Rebecca Schott
Rebecca Schott
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Nissan, David and his team were extremely accommodating, understanding and patient with our purchase. They took the upmost care to find the best solution for our needs and went above and beyond normal ‘customer service’ standards. I have absolutely no qualms recommending their products and services. Both were absolutely flawless. I will continue to sing them praises and will most definitely purchase from them again in the future. Thank you again!
Gershom Menachem
Gershom Menachem
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Great team of diamond experts who show personal care for the client’s needs and aftersales service. They really go the extra mile to make it happen no matter the challenges ahead. Rush orders, international shipping, upgrade service, jewelry repair, large diamonds, small items, precious stones. Very honest and open information to the clients. You will feel like talking to a friend.
Thom P.
Thom P.
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Bought a beautiful stone here for an engagement ring. I was a little apprehensive since you’re buying something unseen. But Cid made it easy. In fact, Nissan, the owner also gave a call to make me more comfortable. They sent me the stone to take to a local jeweler with only my Amex in case I bailed on them.
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