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Three Keys to Buying Cheap Engagement Rings

By Tom W. Mason | Jun 16, 2009

Many people find engagement ring shopping to be an extremely intimidating process. This is a big, meaningful purchase, after all. However, there are ways to save money and make the entire process a lot easier and less stressful, all at the same time!

Everyone wants the biggest diamond possible – bigger is considered better. This is one of the things that stresses us out so much. No one wants to pay a lot, but a bigger diamond is the goal.

Fortunately, there’s some good news. You can find a larger diamond for a much smaller cost than you’d think. Just shop smart and learn about how diamonds are priced.

Here’s an example to show you what we mean.

Every diamond out there has been graded according to four major characteristics. These are carat, clarity, cut and color. We’ll take a look at color to show you more.

Color grading is done on a scale ranging from D to Z – D is the best of the grades and Z is the worst. Color grades for each diamond are performed by inspecting the diamond under high magnification on a white background in a lab.

What’s the catch? Diamonds that are D grade won’t look differently from one that’s four grades lower in quality – an H.

Unless you look at the diamonds beside one another, on a white background, and under close magnification, you’ll never notice the difference. The naked eye just can’t see that level of detail. You might spot a difference between D and I if you know what you’re doing, but even grades I and J are hard to see a difference in.

So what’s the point? You should never pay for a D grade diamond when the human eye can’t distinguish it from an H!

The price difference is a big one, too. It could be thousands of dollars. Of course, as can be expected, jewelry stores try to sell the highest graded diamonds for the most profit – you would, too. Unfortunately, most people don’t take the time to educate themselves, and pay a lot more than they need to.

This is only one example of a way to save when you buy an engagement ring. Pick a diamond with a lower grade in color, and you’ll be able to buy one that’s a lot bigger for the same money.

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