As per Grand View Research’s reports, the global diamond market is valued at over $90 billion. It’s an exciting market, with the demand for diamonds increasing every year. One of the most common uses of diamonds so far is seen in making engagement rings.
The Knot’s 2020 Jewelry and Engagement Study revealed that the average price of a diamond engagement ring in the U.S. is a little over $5,000. Of course, there are plenty of factors that work behind this pricing. Unless you know what you’re spending your money on, diving into this market would be foolish.
If you are looking for a diamond engagement ring, there are several things to consider before making a purchase. You must know what type of diamond engagement ring you want and how much it will cost. You should also consider the quality of the diamonds in the ring and determine what kind of metal is best for your situation.
Here’s a list of things you must remember before buying a diamond engagement ring. We’ll take you through the things you ought to know when buying from a renowned authentic diamond seller like Rare Carat.
#1 Set a Budget
Setting a budget is one of the most important things you can do when buying an engagement ring. If you don’t know how much you can spend, how will you know if a ring meets your standards? It’s better to set a realistic budget and then find a diamond that fits within it than to go over budget and live with buyer’s remorse.
If you’re on a tight budget but still want a diamond engagement ring, opt for lab-grown diamonds, ideally from Rare Carat. Rare Carat’s man-made diamonds are inexpensive and also free from impurities. At the same time, no one can tell them apart from natural diamonds since they’re very difficult to differentiate with the naked eye.
A 2020 Brides’ American Wedding study revealed that people spend a little under $4,000 on engagement rings. Compared to that, if you can spend under $800 for something from Rare Carat, it’s a huge win for you.
A man-made engagement ring from Rare Carat will cost you as little as $780, which for a diamond ring, is an absolute bargain. If you’re still skeptical about lab-grown diamonds, you can also explore reviews of Rare Carat’s man-made diamonds before finalizing your decision.
#2 Decide on a Diamond Cut
Before you buy a diamond engagement ring, you should decide on the cut of the diamond. The cut of a diamond refers to its proportions, symmetry, and polish. The shape of the diamond can determine how much light it will reflect. A good cut will reflect more light and appear brighter than a poorly cut diamond.
To get the best value for your money, you should choose a diamond with an ideal cut grade. Not all diamonds have ideal cuts, so pay close attention to this detail when shopping for engagement rings online.
Cushion-cut diamonds are usually on the more expensive end since they’re a bit bigger than some of the other cuts. Once again, you might consider opting for Rare Carat’s man-made diamonds since they’ll cost you a lot less. In many cases, man-made or lab-grown diamonds cost ten times less than natural diamonds.
#3 Decide on the Ring Band
Before you start shopping for your diamond engagement ring, it’s important to decide on the band.
The band can be made of metal or another type of material, depending on your preferences. Most often, metal bands are made from gold or platinum. You should also consider whether you want a plain band or one with some kind of design on it.
You may want to think about how heavy the ring will be when you wear it every day. If you want something more decorative than functional, a lightweight metal may be right for you.
#4 Know the Difference Between Man-Made and Natural Diamonds
Before you buy a diamond engagement ring, it’s important to understand the difference between a natural and a man-made diamond. Natural diamonds are formed over millions of years under extreme pressure in the earth’s crust. Man-made diamonds are created in a factory by replicating the natural process of diamond creation.
Natural diamonds are typically more expensive than man-made ones because they have a richer history and were formed naturally over time. However, man-made diamonds are becoming more common due to technological advances in the industry, which have made them easier to create and, therefore, less expensive.
The main thing to remember when buying an engagement ring is that both types of diamonds have been enhanced through cutting and polishing processes so that they look their best when set in jewelry pieces like rings or necklaces.
However, only natural diamonds have had their color altered through those processes so that they appear white (while man-made diamonds remain yellow).
#5 Buy from an Authentic Diamond Dealer
The best way to ensure that you are getting a quality diamond ring is to buy from an authentic dealer. Many online retailers sell fake diamonds, which may look beautiful but will not last as long as a real diamond would.
An authentic diamond dealer will have professional experience in the field and will be able to provide valuable insight into what you need. They will also be able to help you choose a ring that fits your budget and taste. At the same time, they’ll never sell you anything fake.
Rare Carat’s diamonds are certified by an independent gemologist. That means whatever views the gemstone expert has are completely neutral. Thus, you can rest assured that when buying from Rare Carat, you’ll always get the best and most authentic diamond products.
As long as you keep these things in mind, you can never be deceived when buying a diamond engagement ring.