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How To Save Money When Buying An Engagement Ring

Diamond Ring

When you’re getting ready to walk down the aisle and say “I do,” the engagement ring is often one of the most expensive parts of the process. Purchasing real diamonds and authentic metals that are used on the band at jewelry stores Toronto will easily costs thousands of dollars. To save money when buying diamond wedding bands without compromising on the design of the jewelry item, there are a few important steps to take for an item that can be worn for a lifetime.

Shop for Whole Sale Diamonds

Save more on the ring by shopping for whole sale diamonds, which means the middle man makes less of a profit. Although some men may be leery of whole sale diamonds, you can ensure that diamonds are real by obtaining a grading report. You also want to purchase the ring from someone who offers a full refund at least 30 days from when you purchased the item.

Reputable wholesalers are often located in larger cities, which may require getting a personal reference. Many wholesalers are about moving loose diamonds, but some still offer mounting and design services. They may also be able to reference you to a jeweler when you need to set the diamond.

Purchase a Ring with Flaws

The value of engagement rings and diamonds is influenced by the number of flaws that it has, but it can be difficult to actually see the flaws with the naked eye or even with a magnifying glass. Save yourself extra money by purchasing a ring that has a few irregularities to avoid paying more than necessary.

Avoid Brand Names

It may be impressive to propose with a designer brand box in hand, but this can double the cost of the engagement ring that you purchase. Although having your ring custom designed may seem like it would cost more, it can save you a significant amount of money instead of purchasing a ring that is already created. In fact, economists has shown that spending too much on a ring actually increases the chance of a divorce! Visit a jeweler and communicate what you want to have specifically designed by providing various photos while asking for a quote ahead of time. You also want to view their previous work to ensure that they’ll deliver the results that you envision.

Get a Ring with Low Clarity

Diamond rings that have a lower clarity are known to have smaller price tags without having to compromise on the size of the diamond that you purchase. Few people will notice that the diamond has a lower clarity, which will allow you to spend more on other features of the item.

Purchase the Ring Online

You can purchase a discounted ring online with comparison sites that are available to find the lowest rate through major jewelers or retailers. Compare return policies and consider paying with cash to avoid extra processing fees.

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