A Helpful Guide: How much should you pay for an engagement ring? (Part 1)

Sooner or later you will come to a time where you will be in a situation where you have met the perfect woman of your dreams with whom you want to spend the rest of your life with, the one you want to grow old with. You know you love her and you are planning to ask the big question…

You know that you will have to give her the perfect engagement ring, but you find yourself a little anxious, confused and frustrated as you have no idea where to begin. What ring must you get, and how much you are supposed to spend on this ring? What do rings cost today? All you know (without asking her) is that she would like a nice ring with diamonds.

The logical first step would be to call, go to, email, or Facebook messenger the first Jeweller or jewellery store that comes to mind. If you did not do your homework first, this might prove to be very frustrating. They are going to ask you questions that you don’t have the answer for yet. One of the first things they are going to ask you, is what your budget is. Ten to one you will not be able to answer them. You know how much you can spend yes, but do you know what metal you will be going for? Do you know what the different prices of the different metals are and why the price difference exists? Do you know what stone you want? What size it must be? You will not be able to compare if you don’t know the basics. Most people in the diamond industry will start asking you about the diamond size and shape and tell you about the 5 C’s, and most will tell you that you should spend at least two to three months of your salary on an engagement ring. You will also have to keep in mind that this engagement ring will need a wedding band at a later stage… Then you will start wondering if this is really necessary and if you the seller is trustworthy?

There is no clear-cut guideline that you can follow in deciding how much you are going to spend on an engagement ring. The truth is, not everyone has a bag full of gold or dollars lying around and not everyone earns the same salary. So 3 months of your salary might get you a mountain of a diamond but the next guy can only get a 1 karat or half karat diamond for his 3 months’ salary. Then you also need to factor in the likes and dislikes of your soon to be fiancé. Maybe she doesn’t like a big diamond because she has super small hands, or maybe she doesn’t even want a diamond ring but rather her birthstone or another precious stone in her engagement ring. Maybe she would like a diamond in her engagement ring but her birthstone or other precious stones in her wedding band. So many factors to consider! No wonder you have no idea where to start!

This is why we decided to write this article to help you understand what it is you want, what it is you need, and how to go about the whole process that seems overwhelming and tricky to you at the moment.

We will be dividing this article in four parts and in the first part of this article we will focus on what to do before you even start shopping and we will also be looking at the different metals you can choose from to make that perfect engagement ring (and wedding band) that she will adore for a lifetime!

STEP 1:

a) The first thing you need to do is to get a very good understanding of how the ring should look like, by asking the one who is going to wear it. Keep in mind that she needs to wear this ring for the rest of her life! Bring it up in a conversation , or get her best friend to ask her what shape of diamond she likes. Maybe scroll around on Facebook or Pinterest and make it seem as if you stumbled on this diamond ring and ask her what she thinks about the shape or size of the diamond, or the color of the metal. Show her a picture of someone who got married and ask her if she thinks that wedding ring suits the bride’s fingers. Get a feel from what she thinks will suit her.

b) Try to get her ring size. This might be a bit on the tricky side. Play around with a string around her finger or measure it in a creative way if you don’t want her to figure out what you are doing. Without her ring size you will create some other problems while proposing. The ring must fit when she says “I do”. She would want to keep it on as she will be showing it to the whole world the next day. You can find a guide on ring sizes here. Even if she gets a sniff in the nose of what you are up to, it will only make her excited.

c) It is also important to understand what precious metal she likes. Most jewellers work with Gold, White Gold, Rose Gold and Platinum. If she likes the  silver colour then concider a white gold ring or platinum ring – it is not recommended to use sterling silver for an engagement ring – Silver is a softer metal than gold and it is very risky to set a diamond in silver.

d) If you are not trying to make it a secret that you are going to ask her to marry you (even if the “when” you are going to ask her remains a secret) then you can have a straight forward conversation with her about her likes, her dislikes, the diamond size and shape, does she like gold, white gold, rose gold, platinum?

Here are some information about the different precious metals and the main attributes of each.

Gold
This precious metal is resistant to most acids. It is a soft metal, but harder than silver. It is durable and ages very well. They say it is usually the more traditional woman that will choose this metal. Whereas most metals are gray or silvery white, gold is slightly reddish-yellow. The yellow color of gold provides a beautiful contrast between the stone and the metal.

White Gold
It is a soft metal. It is durable and ages very well. It serves as an alternative to silver lovers. White gold and Platinum serves as a mirror to the stones in the ring. Yellow gold is usually mixed with Palladium or nickel to create this precious metal with the silver look. Silver is a very soft metal (not a precious) and is not suitable for engagement rings.

Rose Gold
Rose Gold is a colored gold that is created by the addition of copper. Although it is a soft metal, it is durable, ages well, and is very suitable to use in an engagement or wedding ring. This is the most popular metal at the time of this post and they say this metal is for the romantic. It looks stunning with a dark or pastel color stone and gives you the opportunity to purchase a bigger less expensive diamond that appears slightly yellowish in color. The rose gold ring in contrast to the stone will make the stone look whiter.

Platinum
It is a hard metal with a silver color. A difference can almost not be seen between a platinum ring and a white gold ring. Platinum rings is more expensive than White Gold rings because it is more durable and a harder precious metal than Gold. As with the white gold it also serves as a mirror to the stones set in it.

In Part 2 of this article, we will talk about diamonds and if the 5 C’s really matter? We will also be looking at shapes and sizes and cost of diamonds – the difference between a half – and one karat.

Diamond Rings

Platinum diamond ring

Platinum diamond ring

Platinum band

Platinum band

White and yellow gold diamond ring

White and yellow gold diamond ring

Have your diamond ring designed with special detail to make it outstanding and unique.

Custom designer jewellery

Special custom made Tanzanite and Diamond earrings

Special custom made Tanzanite and Diamond earrings

Baugette diamond ring

Wedding ring

Wedding ring

Baguette diamond ring

Baguette diamond ring

Custom designer jewellery

Custom designed jewellery

Nobody wants the same ring as her best friend, to avoid this get your unique jewellery piece designed and manufactured by a jeweller.

Platinum diamond ring

Solitaire Diamond Ring Platinum Solitaire Diamond RingFor a clean classic look consider a solitaire design and for the most durable Platinum should be your first choice as precious metal.

Diamond Colour Grading

White Gold diamond ring set with J coloured diamonds

White Gold diamond ring set with J coloured diamonds

Deciding on the colour diamond is very important. The grading is alphabetical starting from a D colour which is the Top White and most expensive. Colours D and E are exceptional white, F and G are rare white and H are white. Colour I and J are still in what we call the nearly colourless group meaning that there are no visible yellow tint. It wouldn’t be possible to see a difference with the un-aided eye between D,E and F but you will pick up a slight difference between a D and H if only viewed next to each other. The price difference between these colours are much bigger than the colour difference. Especially once a diamond is set in a White or Yellow Gold ring it brings out the white of the diamond and that makes it more difficult to identify.

Vintage style Engagement Ring

Oval Diamond Engagement Ring

Oval Diamond Engagement Ring