How to get the best price on your diamond ring

Many of us are familiar with the situation; you’re in love and ready to take your relationship to the next level. We’re not just talking surviving a trip to IKEA or adopting a puppy, we mean popping that all-important question and asking your partner to marry you. However, as with most people nowadays, you’re a little limited on your finances when it comes to choosing the perfect ring.

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It’s definitely nothing to be ashamed of, with today’s economy, and the good news is we’ve got some excellent tips on how to get the best price on that diamond engagement ring.

1 Know your cut

Cut refers to the symmetry, proportion and polish of a diamond. To the non-diamond experts out there, it essentially affects how much the diamond sparkles. You should opt for the best cut you can afford, within reason. Diamond cuts are ranked from ‘Excellent’ to ‘Poor’, however, the price difference when dropping from ‘Excellent’ to ‘Very Good’ for example can save thousands.

2 Clarity is important

This one is a bit of a trade secret. Diamond clarity refers to inclusions or blemishes on the stone. The grade ‘FL’ is flawless, and very expensive. The grade ‘IF’ is internally flawless, but can still cost up to around £11,000. For the best deal, it is recommended you look for SI1 or SI2 grades – https://www.theguardian.com/money/2014/nov/22/how-save-money-buy-engagement-ring. These are slightly included, but can generally only be spotted by a diamond expert under a microscope.

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Thousands of diamond engagement rings can be found on https://www.comparethediamond.com/diamond-engagement-rings and these range in price and style, and can suit even the tightest of budget.

3 Keep track of your colour

Diamond colours range from D to Z. D is the ‘best’ in terms of industry standards, as it is completely colourless, whilst Z will appear yellow or brown in colour, and will obviously be a lot cheaper. Opting for a mid-range G or H colour is a good way to save a couple of thousand pounds without compromising on quality too much.

4 Carat is key!

Most people will opt for a rounded number carat, for example 1, as opposed to 0.95. These are known as ‘magic numbers’, but if you buy just shy of this, you can save a fair amount of money as these will be less in demand