Save Money On Your Engagement Ring

Engagement Ring and Wedding Ring Money Saving Buying Tips

Precious Metal
Another way to cut the cost of an engagement ring is in choosing the right metal. Consider an engagement ring made with white gold instead of platinum or palladium. White gold is a good alternative as it looks like platinum and palladium but is much less expensive.

Or consider a 10 karat (10k) or 14 karat (14k) ring instead of an 18 karat (18k) or 22 karat (22k) ring. Generally, two-tone rings and those with intricate patterns or etching on the metal are also more expensive than those plain ones.


Buy the Engagement Ring with Wedding Bands
Chances are that if you are in the market an engagement ring, you will be also in the market for wedding bands. Certain ring designers will produce engagement rings with matching wedding bands which are sold as a set. A set would most likely be less expensive that individual rings. Buying a set can save you money. If the engagement ring and wedding rings are no a set, consider buying both rings from the same jeweler. The jeweler will be more inclined to give you a discount if you buy both.

Purchasing the Diamond and Setting Separately
You may also find that buying the diamond and setting separate from one another can save you some money. It also allows you to choose exactly the type of ring that you want and be able to see it before the stone is set.

While there is nothing wrong with buying the diamond and the ring from the same jeweler, don’t make the mistake of overpaying for the diamond or the ring separately by not understanding of what each cost on their own and doing comparison shopping.

Other Tips to Save Money Buying An Engagement Ring: Engagement Ring On The Cheap,   Engagement Ring For Less,  Save Money When Buying The Diamond,  Drop The Diamond For Another Gemstone