Introduction

Generally, many people have a dream of asking their partner to marry them with a diamond engagement ring. For about six months to a year, many couples may be able to obtain an engagement ring that allows for the perfect sentiment of marriage without breaking the bank. However, most people will not be able to stick with this plan for long because the cost can quickly accumulate and take away from other important aspects of life. The following will take a look at the various costs associated with an engagement ring.

Cost of Diamond Engagement Ring

Several different factors can affect the cost of any diamond engagement ring. Unfortunately, some people will choose a ring that is either too big or too small because they want to save money. While this can be an option, it may not be the best idea when trying to make the right impression on someone special in your life.

Rings with Poor Quality Stones

If you go for a ring without a clarity grade of SI1 or higher, there is a possibility that it may have been made with imperfections. Many people will not be able to appreciate flaws in the diamond and will therefore choose to get the ring resized or replaced. The cost of retipping or replacement can quickly accumulate and cost more than many couples expect.

Costs of Resizing

If you are considering having the ring resized, there will be a cost associated with this process. This is because the ring must be made larger and then correctly sized with a new stone. The cost for resizing can vary depending on how much adjustment is required for the center stone. The good news is that most people only need to have the diamond set into the band or shank to have it look as good as new. This means they will not have to spend additional money replacing the entire engagement ring.

Conclusion

Although the costs associated with an engagement ring can be substantial, these costs can be offset by choosing the right time for marriage and picking out the perfect ring for your partner.