For the brave, the absolute cheapest way to buy a diamond engagement ring is to buy a loose stone from a diamond wholesaler. To do this, you’ll have to live in or travel to a major city like New York and visit the diamond district in person.
Considering this, is it okay to get a cheap engagement ring?
You may have heard something about spending two or three months’ salary on a diamond engagement ring. And, yes, three months’ salary would certainly buy a beautiful ring—if you can afford it. But the truth is, an engagement ring is neither a necessity nor an investment. … Buy a meaningful ring, not an expensive one.
Similarly one may ask, how much should you really spend on an engagement ring?
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
Why is James Allen so cheap?
James Allen diamonds are affordable because they do not house their own diamonds, they are completely internet-based, and have such a huge inventory. The money they save on overhead allows them to offer lower prices to their customers.
Can you negotiate at Tiffany’s?
Tiffany will not negotiate on price and they don’t offer one-year financing, although I think they offer some sort of shorter-term payment plan. When you buy Tiffany engagement rings, you pay a huge premium for the name. … They don’t–not for engagement rings, at least.
Is a $2000 dollar engagement ring cheap?
With a total budget of $2,000, you’ll be able to afford a good quality round diamond in the 0.65 to 0.75 carat range, provided you’re willing to opt for a solitaire setting. … If you opt for a non-round diamond, you can even buy this beautiful 0.75 carat, I color, VS2 princess cut diamond for $1,638.
How many carats should an engagement ring be?
2 carats
Are Tiffany engagement rings worth it?
Bottom Line Recommendation. Tiffany & Co Engagement Rings are, of course, very high quality. … You can get a similar quality engagement ring for much less money at top online stores like James Allen or Blue Nile (or if you’re looking at a Tiffany Fancy Color ring, you’ll get a much better deal at Leibish & Co.)
What is the best month to buy an engagement ring?
September
Are Costco Diamonds good quality?
Costco’s Diamond Cut Quality Review
When buying diamonds, CUT IS KING. Cut has the biggest impact on a diamond’s beauty and sadly, the cut standard at Costco is mediocre. You see, Costco allows GIA “Very Good” cut diamonds in their inventory and this means you might end up buying diamonds that aren’t cut well.
Are Costco engagement rings a good deal?
They have no service in the store and their selection is very poor. … With their drop in quality/value paired with their lack of service and selection, you should not be buying diamond engagement rings from Costco. You will be much better off buying your diamond from a top online dealer like James Allen or Blue Nile.
Are Tiffany’s diamonds worth it?
The most important, for Tiffany, is the Cut as they only sell diamonds with Excellent Cut Grades. This alone is part of the reason their diamonds are worth it. They don’t have other cut grades for you to choose from as they only offer the top quality. … They take pride in their diamonds and want only the most luxurious.
Is 2 carat diamond too big?
Is a 2 Carat Diamond Considered to be Big? The average carat weight for a diamond engagement ring is about 0.9 carat, meaning a 2 Carat Diamond is definitely considered big. With 2 carat engagement rings, the diamond is noticeable and eye-catching.
Is it wrong to want a bigger engagement ring?
There is nothing wrong with wanting a bigger engagement ring. So, if you are looking for ways of upgrading your ring, the tips above will help you make the right choice.