Diamond jewelry like engagement rings can be expensive. However, if you know what types of decisions to make to cut the cost, you can still get the style and look you want for much less. The more say you have in how you build your diamond engagement ring, the better likelihood you can get exactly what you want at the price you can afford.
Carat Weight – If you want a large diamond, it will cost you. However, it will also depend on the cut and clarity, and color of the stone too. You might find a cushion cut diamond of low clarity or a different color, like yellow, is less than a white diamond of the same carat weight. That’s why you have to determine if size really matters to you or not. If it doesn’t you can get a higher quality diamond that is smaller.
Cut – Pear-shaped diamonds are in vogue right now; that makes them more expensive. Certain diamonds are cut to almost perfect dimensions and marketed as high-technology cuts that are near perfect. You’ll pay more for those too. Ordinary princess cuts are not as expensive as other cuts, but don’t forget you can also go for a raw diamond ring too. In general, if the cut is not that important to you, you can save money by picking a more generic cut.
Color – Blue diamonds are among the most expensive diamonds out there, even costlier than white diamonds. If you want a blue stone, you can opt for a sapphire. You can try different fancy-colored diamonds of lower grade to get a unique diamond engagement ring. There are many more options now in color choices on the diamond market than every before.
Clarity – If you’re a jewelry with loupe, you’ll want a stone with excellent clarity. However, if you’re just a consumer, visual flaws and occlusions may be visible when magnified, but invisible to the average person. The thing is though that they affect the price of the diamond, thus, it’s also a way to get a lower quality stone that still looks good in public.
Metal Settings – Some metal settings are more expensive than other settings. Platinum is very expensive, and hard to resize. White gold is cheaper than platinum, but can end up getting scratched and in need of re-coating after a few years. Yellow gold quality and cost is determined by whether it is 14k or 10k gold. Whatever you metal you choose will contribute quite a bit to how much the ring costs.
Design – If the design is intricate with multiple stones or engravings, it will cost more than a simple design. It doesn’t mean people on a budget can’t get additional features on their rings, but they might have to weigh that against the cost of the other elements of the ring, like the metal setting, the color of the diamond, and so on. Typically, the simpler the design, the less expensive it will be.