If you want to save money on an engagement ring, you’ll need to consider alternatives to the traditional diamond. A great option is moissanite, which is more affordable and eco-friendly than diamonds, as diamonds don’t require the same mining and processing level. Plus, they look like actual diamonds. Moissanite engagement rings are more affordable than their diamond counterparts, allowing you to buy a more elaborate ring and stay within your budget. Here are some ideas to help you save money on an engagement ring without compromising quality or style; by choosing an alternative gemstone.
Try a stone with less clarity
While diamonds are undeniably beautiful, they come with a higher price tag than other gemstones. To help keep costs low, try a stone with less clarity. For example, moissanite is a common choice among cost-conscious buyers. And while it may not be as fancy-looking as a diamond, your fiancée is sure to love it. If you’re looking for something even more affordable, sapphires and rubies are two of many choices available.
Skip the Diamonds
Instead of focusing your resources on a diamond, why not consider alternate gemstones? You might want to skip diamonds entirely and opt for more affordable gemstones. Sapphire and sapphire rings can look nearly identical to diamond rings, depending on what cut they have—and they are also priced much lower than diamonds. There is also an abundance of choices when choosing stones in any color other than white. So many new gemstones are constantly emerging onto the market that it’s hard to keep track of them.
Consider alternative gems
While diamonds are still considered a symbol of love, that doesn’t mean that other gems aren’t just as beautiful and meaningful. Rubies, sapphires, garnets, opals, and amethysts make gorgeous wedding rings with a more economical price tag. If you want to buy your partner a stunning ring but don’t want to spend too much, look into one of these gems. Another alternative is to get a Moissanite engagement ring. These rings are made from silicon carbide and have been known to sparkle like diamonds. They’re also incredibly durable—and if they do break, they can easily be repaired. You might find them in some high-end retail settings because they’re so popular with consumers.
Check out all of your options
You want to ensure that your partner gets exactly what they want, but that doesn’t mean they need to be extraordinarily showy or spend thousands of dollars. When shopping for a diamond, getting good quality at a lower price point is about research and planning ahead. If your partner likes a particular cut and color, there are plenty of online options at reasonable prices.
Stick to a Budget
Because most of us don’t make enough to be able to afford a $2,000+ engagement ring, it makes sense to start saving early. Make your budget work for you by deciding exactly what kind of rings are most important to you. Then shop around for different options that match your criteria but offer them at lower price points. You may have to sacrifice a little on some things—but if it allows you to stay within your budget, these tiny changes could mean significant savings in real dollars.
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