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What Should You Do If You Can’t Afford An Engagement Ring?

Updated on May 27, 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 March 8, 2024
Updated on May 27, 2024

If you’re worried that you won’t be able to afford an engagement ring, you’re not alone. It’s a common issue that many first-time buyers face because they are unaware of the numerous ways you can work within your budget while still purchasing the perfect diamond ring.

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.

Online Shopping

If you didn’t already know, buying engagement rings online is far less expensive than going to the mall. There are many more budget-friendly options available on the internet, as there are specific jewelry shops that are only available online and cater specifically to offering jewelry at low prices. For example, at Brillianteers.com, you will shop based on your budget. Find $1000, $2000, and $4000 engagement rings. When you shop at online jewelry stores, you’ll find the most affordable jewelry options. You may also consider purchasing online from a Dubai engagement rings company because prices in Dubai are lower due to low VAT and import duties.

Find a store That Offers Financing Plans

If you can’t afford to buy the full payment of your engagement ring but have a specific ring you want to buy for the love of your life, then you’ll always find a shop that offers financing plans. If a one-time payment is just too harsh for you, then the chance to pay this off within a space of 3, 6, or maybe 12 months, will make it plenty easier for you. You don’t need to worry about taking out your entire life saving for the perfect ring. Choose a payment plan with little to no interest.

Alternatively, you may consider a short-term loan from a reputable lender for 3, 6, or 12 months to spread the value even further.

Spend some time shopping

Don’t rush through the shopping experience. If you rush into a decision, you won’t be able to find the best engagement ring for the best price. You don’t want to make the mistake of settling for a hurried purchase only to discover that you can get the same design for a lower price at another store. Spend time shopping. If you can’t afford an engagement ring, you should negotiate the best price you can. Before deciding on a ring, the only way to ensure that you are purchasing the most cost-effective option is to conduct extensive research and browse through numerous online stores.The more time you spend researching, the more likely it is that you will find a ring at the price you desire.

Think about Moissanite Stones

Moissanite stones are known to appear almost identical to diamonds to the untrained eye. A large diamond ring is expensive. A hoop set with a 2 carat diamond can cost well over $5000. However, one with a 2 carat Moissanite stone will only set you back $2000. If you want a beautiful ring with a large stone but can’t afford the price of a large diamond, consider a moissanite ring. It’s as lovely as a diamond ring. However, it is not even close to as expensive as one.

Diamond Rings with Cluster Designs

You don’t always have to go for a single large stone on an engagement ring. You may also be able to find cluster design diamond rings that are significantly less expensive. These rings are made with smaller diamonds clustered together to form beautiful shapes or to mimic the shape of a larger diamond. You’ll have a ring with the appearance of a large rock without the high cost of a multi-carat diamond.

Purchase Other Precious Stones

An engagement ring does not have to contain only a diamond. You can achieve a more distinctive look by shopping for other precious stones that are equally as beautiful as diamonds. You can select from sapphire, emerald, ruby, or pearl. There is a wide range of precious gemstones that can look stunning on an engagement ring. You also don’t have to be concerned about whether or not you can afford an engagement ring.

Don’t Be Afraid to Travel in Search of a Small Diamond

Many women do not believe that an engagement ring must contain a large stone. In fact, it’s possible that your partner would prefer a smaller, more subtle diamond ring. Don’t be afraid to go out of your way for a small diamond. You can always get a bigger ring later. Except that, for the time being, a small diamond looks just as good as a large one. And it will be one that you can easily afford. Choose a round cut diamond because it always appears larger than it is; it is the diamond cut with the most surfaces to reflect light, so it shines brightly from all angles.

Conclusion

You may believe that you cannot afford an engagement ring, but this is a common misconception about which you should not be concerned. These helpful hints can point you in the direction of less expensive ways to find the perfect engagement ring. You will select various stones. You will select various shopping methods. You can even choose to buy with a payment plan. With these helpful hints, you can find the perfect ring at the right price.

Bonus!

Sell your diamonds with ease with Diamond Registry’s comprehensive approach and vast global industry connections to help you find the best buyer for your diamond fast. Visit www.diamondregistry.com/sell-your-ring to take your first step to fast, easy and reliable way of selling your diamond.

Want to check and calculate diamond per carat instantly? Go to DR’s diamond price calculator www.diamondregistry.com/diamond-price-list/#calc-move-to to know how. Reliable and trusted carat calculator in the diamond industry since!

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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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