November 24, 2017

How to Save Money when Buying an Engagement Ring

A wedding is an important event in one’s life. Most people in Australia, spend a lot of time planning to have the wedding of their dreams. Obviously, it also costs a lot of money. There are so many elements that come into play and when you add everything up, you’ll face huge expenses.

Less carat, more saving

You can get significant savings just by choosing a 0.9-carat stone compared to a 1-carat stone. There really is no huge difference on appearance between them.

But if you’re on a tight wedding budget, you can still have a wonderful, picture-perfect affair. You just need to look at elements where you can save money. One of these is the engagement ring. Here are some practical ways to save money when buying an engagement ring:

Consider non-diamond options

Diamonds may be a girl’s best friend and have become part of the wedding tradition, but with the hefty price tag, you may want to consider a gemstone or birth stone for an engagement ring. White sapphire and ruby can be practical alternatives for those who are on a tight wedding budget. Look around for stunning non-diamond options so you can save money.

Lower the colour grade and clarity

Should you still opt for a diamond engagement ring, you can still save money by getting a lower grade of colour as well as clarity. The key here is to choose a ring that looks great, and a diamond engagement ring with a lower colour grade will appear just as good as the one with a higher grade and clarity. No one will know the difference and it will not hurt your wedding budget.

Reduce a fraction of a carat

For your wedding on a budget, another money-saving tip is to subtract a fraction of a carat. You can get significant savings just by choosing a 0.9-carat stone compared to a 1-carat stone. There really is no huge difference on appearance between them.

Purchase an engagement ring from a wholesaler

Sure, it’s nice to go from one chain jeweler to another as you search for that perfect engagement ring. But going to a name-brand retailer can mean overpaying because of the brand. Instead, buy from a wholesaler that offers great engagement rings at much lower prices.

Buy one online

Another way to save money is to buy an engagement ring online. Many people prefer this since the prices are normally lower, considering the tougher competition among online retailers and they have less overhead compared to traditional stores. Just make sure to choose an online jeweler that can give you digital images of the stones and is available through different communication channels.

Got other cheap wedding ideas in Australia? Share your tips on how to stick to your wedding budget in the comments section.

About the author  ⁄ Marxa Dillan

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