Check out five fool-proof ways to maximize value of your engagement ring (and maybe save something for the wedding).
Know Your Shapes
Round diamonds cost about 25 percent more than other shapes, says Nicole Wegman, founder of Ring Concierge. Ovals also tend to be pricier because they’re in demand right now (when the inventory is lower, the price rises). You can save up to 10 percent by going with another shape.
Get the Right Cut
When your heart is set on a bigger rock—specifically a round shape—you can go for lower color and clarity if you get an excellent cut, Wegman says. It will sparkle more than lower-cut grades, appear whiter, and can hide flaws.
(Slightly) Downgrade Your Dreams
A 0.9 carat looks so much like a 1 carat, and a 1.9 looks so much like a 2.0 (and trust us, even your pettiest friend won’t notice). Wegman says you can save as much as 25 percent on the stone when you stay just under full-carat marks. In the same vein, get a G-quality stone, which is right under the colorless range (D–F). When it’s placed next to an F, that snobtastic friend still won’t see the difference, but it costs about 8 percent less.
Avoid Three-Stone Styles
Sure, we all want the #MarkleSparkle, but Wegman points out that adding side stones like trapezoids or half moons can increase the price of the setting by $2,000 to $5,000.
Skip the Pavé Band
A thin band in platinum or gold will showcase your diamond—and can cost $600 less than the same setting with micropavé.