Blog

Tips for Getting the Best Engagement or Wedding Ring on a Budget

Engagement and wedding rings cost money. We all know that. The struggle can be one of trying to decide how much to spend to get that perfect ring for what you hope will be a perfect wedding day. As a leading producer of custom jewellery in Toronto, we work with couples every day that go through this very struggle.

It can be tough to find exactly what you are looking for if you’re attempting to purchase engagement or wedding rings on a budget. But tough does not mean impossible. There are a lot of excellent choices out there even if you do not have a small fortune to spend. In light of that, here are some tips that can help you get the best engagement or wedding rings on a limited budget:

budget

1. Establish a Budget

The most important tip for purchasing engagement and wedding rings on a budget is to first establish a budget. Realistically decide how much you can spend based on your current income and outlay. Once you have a number, write it down and do not budge. As soon as you are willing to spend a few extra dollars for one upgrade, it becomes easier to spend a few more on another upgrade. Before you know it, you will have spent way more than you had intended.

2. Consider a Larger Setting

Often, the desire for a very large stone makes getting an engagement ring on a budget very difficult. But did you know you can surround a smaller stone with a larger setting and still achieve the same ‘wow’ effect? With the right design by a skilled craftsman, a larger setting can more than make up for a smaller stone without busting your budget. Settings are a lot less expensive than the stones themselves.

3. Consider a Pavé Setting

Multiple small stones set very close together to cover a surface is known as a pavé setting. When it comes to engagement and wedding rings, this kind of setting can be very affordable due to the fact that the smaller, pavé stones are considerably less expensive. This type of setting can be just as stunningly beautiful as one consisting of a single, larger stone – but at a lower cost.

4. Think about Alternative Stones

White diamonds tend to be the default stones of choice for wedding and engagement rings. But they do not have to be. You can save some money without sacrificing beauty by thinking of alternative stones. Have you considered a gemstone instead of a diamond? You might even be able to use an heirloom stone taken from a ring that has been in the family for generations.

5. Don’t Follow the Rules

Lastly, and perhaps most importantly, do not follow the rules. What rules? For example, it is often said that a man should spend at least three month’s salary to purchase an engagement ring for his beloved. This rule is not written down, mind you, it is just something that someone came up with in the past that is now passed along as some sort of tradition. It is neither tradition nor necessary. You and your beloved should be making your decisions based on what you want, not based on what others think you should do.

Couples can get very nice engagement and wedding rings without putting themselves into unmanageable debt. We can help at Engage Diamond Studio in Toronto. With a little creativity and enthusiasm, we can work together to create something that is both beautiful and affordable.

Want to Get a Closer Look?

Product - Quote Request

We’ll take care of the rest.
  • This field is for validation purposes and should be left unchanged.

your message has
been sent!

Thank you for getting in touch. We’ll Contact you soon to get things started.

Product - Quote Request

We’ll take care of the rest.
  • This field is for validation purposes and should be left unchanged.

your message has
been sent!

Thank you for getting in touch. We’ll Contact you soon to get things started.