The average engagement ring now costs about $6,000! If you have to fund your own wedding or want to save for a down payment on a house, that number may be way out of reach.
But that doesn’t mean you have to postpone the proposal. By following a few simple tips and tricks, you can find affordable engagement rings that will wow your soon-to-be fiancée without breaking the bank.
Do you want to know more? Keep reading to discover how to save big on your engagement ring.
Opt for a Halo Setting
“You want me to add more diamonds to the ring? Won’t that increase the price?”
While that’s normally true, a halo is a very strategic way to cut costs.
The small diamonds used in the setting are much cheaper than the main center diamond. So a great way to save money is by going with a small center stone.
Adding a halo will make that diamond appear bigger and give the ring extra sparkle and shine without the high price associated with buying a large diamond.
Don’t Buy the Full Carat
When most people go diamond shopping, they focus on full or half-carat sizes, such as 1, 1.5, or 2 carats. But did you know you can save big by going just a tad smaller?
Diamonds are disproportionately priced so the full and half-carat sizes are far more expensive than any other carat. In other words, by opting for a 0.8-carat diamond instead of 1-carat, you can save a ton, and you won’t even notice the difference.
Go with a Diamond Alternative
Who says diamonds are the only option? If you really want to save big, consider going with a diamond alternative.
Other precious stones, like emeralds and sapphires, are perfect if your soon-to-be fiancée wants something unique and colorful. Moissanite diamonds are another great alternative. They look so similar to diamonds that the average person can’t tell them apart, but they’re far cheaper than a traditional diamond.
Shop at the Right Time
Even jewelry stores have sales throughout the year. Consider following your local jewelry stores on social media or signing up for their email list to stay informed on their latest sales and specials. This way, you can get to the store as soon as a sale hits to get the first pick of rings.
You’ll also want to avoid the holiday season. This is such a popular time to buy jewelry and engagement rings that many of the affordable diamonds and settings may already be purchased. So if you plan to pop the question on Christmas Day, make sure you shop early to get the widest selection.
Your Guide to Finding Affordable Engagement Rings
You don’t have to spend an arm and a leg to find that perfect ring! Instead, follow the guide above to find beautiful and affordable engagement rings.
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