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Engagement Ring Thread

Posted on 1/15/14 at 9:37 am
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 1/15/14 at 9:37 am
I am seeking the board's advice for purchasing an engagement ring. It has been on my radar for sometime and now I am about to go through with the process of buying one. From the beginner's standpoint, what do I need to research about rings and diamond quality, and what is the ideal place to purchase one?

I have been reading through threads posted before about engagement rings but for the main part they degrade into mudslinging before the thread even makes it to page 2. Up to this point I really have no clue on where to begin. I have been steadily saving and my budget will allow me to spend up to $5500 in cash. What other information do I need to provide to make this thread more helpful in my decision making?
Posted by JumpingTheShark
America
Member since Nov 2012
22889 posts
Posted on 1/15/14 at 9:49 am to
Find a wholesaler and buy from him if you like saving money. I got a very nice ring with creative artistic quality from a wholesaler for about 45% of the cost of a Tiffany ring. I can't reiterate enough the benefit of buying from a wholesaler.

The guy I got mine from is a wholesaler in Dallas and he provides to the big guys like Nieman's and other reputable stores. You just cut out the middle man by doing this.

It isn't even an issue of sacrificing quality in the ring, it is whether or not you are a sucker and will pay an insane premium for a brand name ring. I spoke with the guy personally and told him exactly what I wanted and he showed me various diamonds he had purchased until I found one that looked up to my standards. After that I told him the type of metal I wanted the band to be and he created it. Saved a fortune. I will be happy to answer any other questions you may have.
This post was edited on 1/15/14 at 9:55 am
Posted by Kingwood Tiger
Katy, TX
Member since Jul 2005
14162 posts
Posted on 1/15/14 at 9:52 am to
If you can find a diamond broker in your area it really helps. I went to one here in Houston that also does custom jewelry. He spent over an hour with me looking at different diamonds and showing me the differences. It really comes down to the cut, and how the light reflects off of it. You can also have imperfections in the diamond itself that can hinder this as well.

Take a look at his website Brian Gavin.

The one I purchased was a 1 ct with 14k gold with diamonds and I got it all for around $7500. Wife gets tons of compliments on the diamond.

Good luck.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 1/15/14 at 9:58 am to
Weigh your options carefully. Do you have a family member that had a family diamond stashed away that you could give to the lucky lady?

I went with a local dealer. He had a smaller operation...but I had the feeling that he treated me with respect during the process. I also believe we worked out a great price.

I never got comfortable with the big boy operations.

As far a quality - my stance was go with quality first and size second. Hindsight, I wish I would have spent more and gotten bigger and better quality.

Also, I was broke when I got engaged....you may be in a much better position.



Posted by JumpingTheShark
America
Member since Nov 2012
22889 posts
Posted on 1/15/14 at 10:00 am to
^^^ I agree with Kingwood. The thing I liked about going to the wholesaler was I had a go-to guy for my ring. He heard all my needs and I could contact him directly. To give you a frame of reference I got a platinum band with a solitaire "Tiffany-style" diamond, "Princess cut" (square) which is 1.51ct with H color and I1 clarity (meaning there are some "inclusions" but you can really only see them with a magnifying glass or microscope) All of this for $8k. That ring bought from Tiffany would be over $20,000.

If you can find out the cut that your SO likes it helps a ton because some cuts are cheaper and some are more expensive, i.e. two diamonds that are the same ct weight but one is a round cut is more expensive than a "princess (square)" cut. Once I found out which one my SO liked I went to the guy and he showed me all the square cuts he had and my gut did the rest. I was drawn to one diamond in particular (the one I ended up buying) because of how clear it looked. Sometimes when you get a bigger stone the color starts looking yellow, and in hindsight, one of my favorite things about the one i got is when it is in good lighting it really shines a lot.

For your reference, here is the ring I had mine modeled after by the wholesaler (Tiffany site shows it at $20,900 without tax):
Tiffany Princess Cut

Mine is identical to that and I feel sorry for anyone that feels they have to get the brand name.

This post was edited on 1/15/14 at 10:09 am
Posted by wickowick
Head of Island
Member since Dec 2006
45794 posts
Posted on 1/15/14 at 10:04 am to
For information start with Pricescope.com Forums
Posted by mglsu21
Prairieville
Member since Jun 2012
1260 posts
Posted on 1/15/14 at 10:08 am to
Familiarize yourself with all the basics online before you start. Blue Nile is a great resource that also has pretty good prices. I did not buy mine from Blue Nile, but their information was vital in helping me make a decision. Here is a good link on diamond education:

Blue Nile

However, don't just go by the word of BN or posters on here saying you need a diamond that has at least ______ characteristics. Go look at them in person. Most flaws are not visible by the naked eye, but the way the light shines through can differ based on these characteristics.

Also, decide which is more important....size, quality, or a combination of each. And do not be afraid to buy a diamond wholesale and then come back and buy the setting separate and get them set by a jeweler. You can often save money by price shopping the diamond and setting separately, while also getting the combination you really want.

Arm yourself with information before you go and do not impulse buy.

Posted by JumpingTheShark
America
Member since Nov 2012
22889 posts
Posted on 1/15/14 at 10:09 am to
Also, a major part of my strategy was I had it made in Dallas and then had it shipped to my folks house in Louisiana to avoid paying the Sales tax....I HIGHLY recommend doing this.

After I got the engagement ring I went back to the guy for wedding rings and my fiance was able to hand pick and tell the guy what she wanted and I got my wedding ring there as well. Again I had these shipped to Louisiana and saved on sales tax.
This post was edited on 1/15/14 at 10:17 am
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15043 posts
Posted on 1/15/14 at 10:33 am to
quote:

I have been steadily saving and my budget will allow me to spend up to $5500 in cash.

Best advice I can give you is not to think like this - "I will buy the best ring I can get that costs $5500." The goal is not to spend $5500, it's to buy a ring that she will like.
Posted by NukemVol
Member since Jan 2010
1633 posts
Posted on 1/15/14 at 10:36 am to
I spent a bit of time finding a quality stone. Then I realized the woman only understood size, while I was paying a premium for cut. Sure she appreciated it when I described the details. But she never would have known otherwise. That's my experience.

As far as the ring itself. I wouldn't spend all that much time, or really money, on the ring. Find the stone with some wiggle room on price, then pick a ring that puts you at budget.

Go read about the 4C's and what not. And if you need help with the cut on a round diamond, use this:

LINK
Posted by saderade
America's City
Member since Jul 2005
25729 posts
Posted on 1/15/14 at 10:46 am to
My strategy was to go wholesaler. First pick out the shape you want. Then look for a nice cut. Color and clarity are the next things to look at. IMO anything that looks flawless to the naked eye is what you should go with. No one will ever use a scope to look into the diamond. Then pick the size you like and can afford
Posted by Ice Cream Sammich
Baton Rouge
Member since Apr 2010
10110 posts
Posted on 1/15/14 at 10:56 am to
I bought mine from a designer in California. She is a one woman shop and does everything herself. I gave her my price range and had her do everything. She picked out an amazing diamond and custom made the ring to my exact specifications. It was 10x easier than I thought it would be.
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 1/15/14 at 10:58 am to
Thanks, where do you start with finding a list of wholesalers? Did you get a certificate stating the diamond is genuine?
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 1/15/14 at 11:00 am to
Did you buy yours from the broker or was that where you did your research? I have yet to walk into a jewelry store but I am planning on making trips next week to help me with seeing the differences in quality
Posted by JumpingTheShark
America
Member since Nov 2012
22889 posts
Posted on 1/15/14 at 11:02 am to
I got an appraisal from the guy, but im not sure about a certificate or anything...there may have been one included with the appraisal document, so I will check that out. it is a buddy of my dad's from college and he has a big reputable business so I wasn't really concerned that the stone was fake or anything, but I will look into the documents he gave me and let you know. I am not sure if there is a listing, but I would try googling "Jewelry Wholesale (Your area or city) or Diamond Wholesale ____."
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 1/15/14 at 11:02 am to
quote:

Do you have a family member that had a family diamond stashed away that you could give to the lucky lady?


That I do not know. I am making today my launching point in gathering of information and ultimately making a decision on what route I follow.

quote:

Hindsight, I wish I would have spent more and gotten bigger and better quality.



Why do you feel this way?
Posted by eelsuee
2B+!2B
Member since Oct 2004
4503 posts
Posted on 1/15/14 at 11:02 am to
Someone was telling me recently that a pawn shop is a good place to find your stone. I have not checked into this myself, but I am sure a lot of nice wedding rings end up there.

I know recycled stones end up in new jewelry store rings all the time, but I am sure the idea of a pawn shop would bother plenty of women.

NOTE: I am not recommending this, only passing on a recent conversation. I probably would further investigate this if I were getting married again.
Posted by Ice Cream Sammich
Baton Rouge
Member since Apr 2010
10110 posts
Posted on 1/15/14 at 11:06 am to
Buy ring from pawn shop.

Buy box from Tiffanys.

Profit.
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 1/15/14 at 11:07 am to
quote:

Best advice I can give you is not to think like this - "I will buy the best ring I can get that costs $5500." The goal is not to spend $5500, it's to buy a ring that she will like.


If it requires for me to spend more or less than $5500 so be it. It helps with my peace of mind to begin the process knowing the limitations of my budget, if I wish to continue to live as is and not have to cut back on my planned spending elsewhere in my budget.
Posted by JumpingTheShark
America
Member since Nov 2012
22889 posts
Posted on 1/15/14 at 11:09 am to
Has your SO given you any specifics on what she wants? That's the first thing I would do is find out exactly what she wants. Let me know what she says and I will let you know what I found out during my search.

Meant to add: it is also important when you plan on proposing, as girls change their minds constantly, and making a ring really doesn't take much time at all (mine took less than a week, although it was a simple design with 1 stone and 1 band with an easy setting to do).
This post was edited on 1/15/14 at 11:11 am
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