If you’re planning on proposing, it’s natural that you will be thinking about the cost of an engagement ring. Unless you are fortunate enough to have an unlimited budget, you'll need to consider the cost when you’re engagement ring shopping. After all, buying an engagement ring doesn’t happen in a vacuum. Once you’ve bought the ring, if all goes well, you’ll also need to start planning for a wedding. You likely already know that weddings are large events that often require large budgets, so you don’t want to run out of money before the wedding is paid.
This means you’ll need to focus on buying an engagement ring that you can afford. You might think that’s an impossible task, but it’s not true. While some engagement rings can be very expensive, there are also a number of rings available at very affordable prices. You don’t have to break the bank just to get an engagement ring. To find a ring that suits your budget, you’ll need to shop around. It’s also a good idea to learn about diamonds and engagement rings before you make a purchase. Not only will this make it easier to buy a great ring, but you’ll also get better value for your money.
Finding the Right Toronto Engagement Ring Store
One thing you’ll need to recognize is that not all jewelry stores are created equal. Yes, you can get a diamond engagement ring from just about any store, but the selection offered at these stores will vary greatly from store-to-store. Not only will you notice a big difference in selection (and quality) but you will likely also notice that there’s a big difference in price. Some jewelers only carry a limited selection, so if you don’t shop around at other stores, you might not be able to find anything in your price range.
Another factor to pay attention to is buying an engagement ring online. There are now several ways to shop for engagement rings on the internet. Shopping from an online jeweler can potentially save you money. If you’re looking for engagement rings Toronto cheap, then it’s a good idea to check out the internet for deals. Online jewelry stores can sometimes offer lower prices since they don’t need to rent as much physical space to showcase all of their rings.
However, when you’re shopping for an engagement ring online, it’s important that you use care and only shop from reputable jewelry stores. While you might think that you’ll be able to get a deal by shopping from an online auction or classified site, there’s a greater likelihood of you getting ripped off on these sites. When you shop online, look for an established retailer. Read reviews on independent websites and make sure that you check out the jeweler’s return policies before you buy.
Learning About Diamonds & Engagement Rings
It’s also important that you understand the basics of diamonds before you buy a ring. Learning the 4 Cs of diamond quality, for instance, will help you compare diamonds to one another. This won’t just help you buy a higher quality diamond, but it could also help you get a better deal on a diamond ring.
If you’re looking for more information on diamonds, be sure to check out our diamond education center. It’s also a good idea to check out these posts for some more information:
- Buying an Engagement Ring in 2018
- Don’t Do This When You’re Buying a Diamond
- How Someone Who Knows Nothing About Diamonds Can Buy a Great Diamond
- Our Simple Guide to the 4 Cs of Diamond Quality
Setting a Budget
You don’t want to go into serious engagement ring shopping without setting a budget. The first thing to remember is that an engagement ring budget is a very personal thing. Just because you’re heard that you should spend two months’ salary or three months’ salary on a ring, it doesn’t mean that doing either of those things will work for you. Those sayings are more guidelines than they are “rules.” They're a good starting places, but they aren't perfect for everyone.
When you’re setting your budget, look at your own financial situation. Think about your priorities and then use this information to set a budget that’s right for you. For more tips, check out our post on making an engagement ring budget. Once you have your budget in mind, then it’s time to start shopping.