6 Ways to Save on an Engagement Ring - Cheap Diamond Alternatives

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Wilfred Poole
6 Ways to Save on an Engagement Ring - Cheap Diamond Alternatives
  1. What can I get instead of a diamond engagement ring?
  2. What is the cheapest way to buy an engagement ring?
  3. What to do if you can't afford an engagement ring?
  4. Is $5000 good for an engagement ring?
  5. What is the closest thing to a real diamond?
  6. What is the rarest Colour diamond?
  7. Why is James Allen so cheap?
  8. Can you negotiate at Tiffany's?
  9. Can you negotiate with jewelers?
  10. Does Zales offer payment plans?
  11. How do most guys pay for engagement rings?
  12. How much should a guy pay for an engagement ring?

What can I get instead of a diamond engagement ring?

Learn about some of our favorite diamond alternatives below.

  • Moissanite. Moissanite was first discovered in 1893 by a French scientist named Henri Moissan, who later won the Nobel Prize in Chemistry. ...
  • Sapphire. ...
  • Aquamarine. ...
  • Morganite. ...
  • Emerald. ...
  • Ruby. ...
  • Amethyst.

What is the cheapest way to buy an engagement ring?

Diamond wholesalers

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.

What to do if you can't afford an engagement ring?

Take your time shopping. If you can't afford an engagement ring, you'll want to get the best price that you possibly can. The only way to know that you are buying the most budget-friendly option is by doing your research and browsing through many different online stores before deciding on a ring.

Is $5000 good for an engagement ring?

According to recent surveys, most American couples expect to spend between $1,000 and $5,000 on an engagement ring. The actual average cost for an engagement ring is over $6,000. With all that said, most women are reasonable and just.

What is the closest thing to a real diamond?

Moissanite. Moissanite is a form of silicon carbide and is usually produced synthetically. Because of its hardness (9.5 on the Mohs scale), it is perhaps the diamond imitation material that is closest to the real thing in terms of durability.

What is the rarest Colour diamond?

For example, most white diamonds are discounted in price when more yellow hue is detectable, while intense pink diamonds or blue diamonds (such as the Hope Diamond) can be dramatically more valuable. Of all colored diamonds, red diamonds are the rarest.

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.

Can you negotiate with jewelers?

Negotiate

Jewelry is a prime candidate for price negotiation, because it's expensive and the margins are fat. The way to do it is the same way you'd negotiate for anything: First, make sure you're dealing with someone who can actually make a decision. Then, tell them you're trying to decide on what they have vs.

Does Zales offer payment plans?

*Minimum payments are required for each Credit Plan. Valid for single transaction only.
...

Buy Now, Pay later
Minimum Purchase Amount$150
Initial PaymentDepends on Purchase
Payment Term (Complete by)$150-$400: 6-8 Weeks $400+: 3-6 Months
Special Offers and Benefits At Zales:

How do most guys pay for engagement rings?

You do have the option of financing a ring with a loan arranged through your jeweler. Using loans to make major purchases and keep cash on hand can be a smart financial move, and in some cases, the loans offered by your jeweler may fit your needs.

How much should a guy pay for 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.


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