In 2020, an engagement ring’s average cost was $3,756, down from $7,829 in 2018.
Whether you’re looking for an engagement ring or another piece of jewelry, buying a diamond is a big investment. If you’re ready to buy your first diamond, you came to the right place.
Read on to learn about these things to consider when purchasing diamond jewelry.
- Have a Realistic Budget
Before you choose your new diamond, you must set a budget right away. Diamond shopping can quickly add up, and you can end up with a diamond over your budget.
Once you have a price that you’re comfortable with, you should tell your jeweler what the absolute bottom line is. It’s also a good idea to tell your jeweler a lower price than your bottom line to have some room to negotiate.
- Other Stone Alternatives
Although purchasing a mined diamond is a symbol of status and wealth, plenty of other diamond alternatives look like real diamonds.
In recent years, lab-made diamonds have risen in popularity due to their quality, beauty, and cost. You can expect a lab-made diamond to cost you 30% less than a mined diamond.
If you want a real stone, you can always check out a sapphire, ruby, emerald, etc.
However, if you’re on a tighter budget, you can also take a look at cubic zirconia. Check out https://www.wholesalesparkle.com/collections/cz-rings for some excellent cubic zirconia alternatives.
- Cut Quality
Although there are plenty of things to consider when choosing a diamond, the cut is one of the most important. The cut of the diamond will determine whether or not clarity imperfections become more noticeable.
If the diamond is not cut properly, you will be able to spot color and clarity imperfections.
- Consider the Shape
Another thing to consider when choosing a diamond is the shape. Diamonds come in many different shapes, such as square, round, and oval. Learn about the different diamond shapes before you visit the jeweler.
While some people prefer round diamonds over a square, some of the most common diamond shapes include emerald, princess, cushion, oval, pear, heart, and trillion.
- Carats Over Appearance
Carats are often the deciding factor when it comes to the price of a diamond. Most jewelers measure carat sizes by 0.5, 1.00, 2.00, 3.00, 4.00, and 5.00 carats. You can expect a 0.50-carat diamond to cost an average of $1,800.
- Color and Clarity
Besides the cut and carats, you should also consider color and clarity when choosing a diamond. As far as the color of a diamond, they are either colorless, or they’re not. You’re either looking for a colored or colorless diamond.
A diamond’s clarity refers to whether or not the diamond appears flawless (without imperfections) when you look at it with the naked eye.
Consider This When Choosing Diamond Jewelry
Now that you know about things to consider when choosing diamond jewelry, you’re ready to invest.
When choosing your next diamond, consider the color, clarity, carats, and shape. Don’t forget to determine a budget and decide whether you want a mined or lab-made diamond.
If you enjoyed these tips and would like to learn more, check out the rest of our blog.