Wondering how you can buy a diamond engagement ring on a budget? The first thing you need to look at is lowering the clarity of the diamond. You can go as low as VS2 before you begin making decisions in other areas.
Second, take a look at the colour and lower it to H before making any other decisions. You can see the colour buying tips below.
Lastly, take the cut down a notch. You can go as low as Very Good with a round diamond and Good in the fancier cut diamonds. You can see more cut buying tips below.
Buying a diamond engagement ring on a budget: The 4Cs
As far as Clarity goes, when buy a diamond engagement ring on a budget you can aim for as low as Sl1. You should then reduce the colour and go as low as J. If you are considering setting the diamond in yellow gold, then you could drop to K in colour safely. Lastly, you’ll want to reduce the Cut. You can go as low as a “Good” rating for a round diamond and “Fair” for fancy diamonds.
Carat
If you are under one carat for the diamond you are looking for, then consider dropping to a Sl2 clarity. If you have a diamond in mind that is 1.50 carats and a Brilliant Cut, then you can go with a L-M coluor if it’s set in yellow gold.
If you are looking for a specific size diamond, I would suggest you go with a Fancy Shape or Fair Cut.
If you still find yourself over budget, then you may need to think about raising your budget altogether or reduce the weight of the carat you are looking at. You could also choose a cheap, yet sophisticated diamond.
Shape
The launching point of your ring’s design is the shape of the diamond. There isn’t one shape that’s better than the other. It’s all up to the preference of you or your partner. The most popular diamond shape is Round Brilliant because they give off the best brilliance. Other people may prefer something more unique such as the Cushion Cut or an Oval Cut.
If you are still outside of your budget, you can repeat the process with different thresholds for the 4Cs. This will help you, even more, to pick out a cheap but beautiful diamond. The next step will also help narrow down your options based on your individual needs and preferences.
My Advice for Cut Grade
You may want to consider looking for only an “Ideal” or “Excellent” grade diamond if you want a round brilliant diamond. If you want more than just a fancy shape, you may want to pay for a “Premium” grade or get rid of the grade completely.
If you are looking to buy a diamond engagement ring on a budget and almost at your budget limit you can always settle for a diamond ring financing deal with the store or you can simply consider lowering the carat weight to lower the price of your diamond. If the carat weight is 10% or less of a difference, it won’t be visually noticeable.
This doesn’t mean that the cut grade isn’t important, it’s actually the most important. A lot of the time vendors don’t correctly report fancy shape cut grades. This is why you shouldn’t filter out important results from your search that could possibly be fantastic choices.
We hope you above advice on buying diamond engagement ring on a budget useful! If you have any additional tips to share then feel free to leave them in a comment below.
If you enjoyed this post, please consider supporting this site by buying us a virtual coffee.
