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Saving Money on an Engagement Ring

The holidays are one of the most popular times of the year to get engaged. Family and friends are already in town, lights are everywhere, and a general feeling of good will surrounds the festivities. The focal point of any engagement is the ring.

Those aren’t cheap. You might be all aflutter and excited to spend the rest of your life with someone, but take your time finding a good deal.Moving_blog.jpg

 These tips will help you save money when you  finally decide to buy that rock:

  • Ignore the rules. Typically people say you need to spend three months’ salary on an engagement ring. Where did that even start? It’s actually a marketing ploy from the diamond industry. Price isn’t as important as finding the right ring for your significant other.

  • Flaws can diminish the price of a diamond but not all of those flaws can be seen. Be willing to take home a diamond with small flaws. You could save hundreds of dollars.

  • Diamonds might not be the best route. Other precious gem stones cost significantly less. They’re also not used very often and will give you a unique look.

  • More diamonds will save you money as opposed to a bigger diamond. You can build a large cluster that catches just as much attention for much cheaper than a hefty single stone.

  • Avoid spending the big bucks on branded jewelry. Local jewelers are willing to make a custom design at a low cost. This allows you to describe exactly what you’re looking for and not pick from the options available.

  • Consider different metals. Platinum provides more durability at a hefty price. Gold is the most common choice and the least expensive, but you have your choice of colors.

The important thing is to talk with your soon-to-be fiancé. Before you go cutting costs, make sure you know what she wants from an engagement ring. This may kill the mystery of the big reveal, but this is something she will be wearing for the rest of her life.  Start the marriage off on the right foot with open lines of communication.

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