Getting a diamond engagement ring is a big step. You must know that the diamond you buy is ethical, ethically sourced, and responsibly mined. But that doesn’t mean you have to sacrifice style or quality. You must learn to choose between a classic simple diamond or a more intricate design with side stones.
According to Verified Market Research, the engagement ring market will grow at a CAGR of 4.31% from 2020 to 2027 and reach $39.73 million by 2027.
What if you knew all about diamonds in one place? Wouldn’t it be great? When you go through Rare Carat’s website and its information about diamonds, you will clear up any doubts about diamonds.
Moreover, this guide will help you through each step of the process, from choosing your budget to choosing the right setting.
1. Decide Your Budget
Your budget is the first thing to consider when shopping for a diamond engagement ring.
If you want your diamond engagement ring to come within the budget and have enough time, you can customize it just as you want. But, first, go for loose diamonds instead of diamond pre-set in an engagement ring. Loose diamonds will surely cost lesser than pre-set ones.
When you buy a diamond in loose, you will buy more authentic and high-grade quality at an affordable price. Rare Carat offers authentic and affordable diamonds that can be bought and customized later in your favorite piece of jewelry.
2. Which Diamond Cut Do You Prefer to Choose?
Diamonds are cut into different shapes, which not only highlight their beauty but also affect how they sparkle and reflect light.
The most popular diamond cuts are Round Brilliant Cut, Princess Cut, Emerald Cut, Pear Cut, Oval Cut, Marquise Cut, and Radiant Cut. Each shape is unique and has a special effect on the diamond’s appearance once set in an engagement ring.
Luckily, there is an option for lab-grown diamonds, cut in such a way that they have a brilliant shine and reflection. Moreover, the lab-grown diamond pricing is also lower than that of mined diamonds.
3. Decide the Band Metal You Want for Your Engagement Ring
Choosing the right type of metal for the band is an important consideration. The most commonly used metals are silver, platinum, and gold. Each has its advantages and disadvantages and can be paired with the diamond chosen.
You must plan to take care of your ring as it ages with time. In addition, some metals require more maintenance than others, so make sure you know what kind of upkeep your ring will need before buying it.
Rare Carat offers a variety of options for diamonds and metals for bands. You get unlimited options to choose from. You might have customized your jewelry earlier, but your perception of customization will change after buying from Rare Carat.
4. Choose the Right Diamond Carat Size
The carat weight is the measurement of a diamond’s weight. It is not a measurement of size. Diamonds are sold in carats and karats, which is 1/100th of a carat. Therefore, it is important to understand the value of carats.
For example, if you want to buy an engagement ring with a 1-carat diamond, that means you’re looking for 100 points (1 point = 0.01 ct) or 10 points (0.01 ct) if you go by the metric system. The higher the number of points in your diamond, the more valuable it becomes.
If you have a higher budget, you can also go for a 2-carat diamond. Statista said the average price of a 2-carat diamond with color rating G and clarity rating VS1 was $12,485.
5. Choose Between a Classic Simple Solitaire or a More Intricate Design with Side Stones
When choosing between a solitaire and a ring with side stones, you should consider how you want to show your commitment. Side stones are more intricate and showier than a simple solitaire diamond ring.
With side diamonds, you can have a larger center stone or smaller ones that create an overall sparkle look. However, side diamonds also add more cost to the engagement ring, so they are more expensive than a simple engagement ring with only one diamond.
6. Should You Buy an Antique Ring Or Something New?
An antique ring is any ring that is at least 100 years old. There are many factors to consider when determining whether or not a piece of jewelry is an antique. The most obvious way to tell if a ring has been around for some time is by looking at its design. However, there are other ways as well.
According to Wedding Wire, 87% of couples prefer diamond engagement rings. Also, 45% of couples start looking for their rings five months before their function. Most of them prefer new rings.
The value of antique rings depends on several factors, including the type of metal and gemstones used in crafting them. Still, generally, they can range anywhere from $100 to $1 million, depending on their rarity and quality.
7. The Right Setting Adds Sparkles to Your Engagement Ring
The setting is the place in your ring where the diamond would be placed. It can be made of metal or combined metal with other materials like platinum or white gold. A setting can be simple or complex, depending on its design and whether or not it uses smaller stones to complement the larger diamond.
As you can see, buying a diamond ring for an engagement is not as simple as it seems. A lot of factors have to be considered before making the right choice. But all those things are important because when you buy a diamond ring, you will make an investment that lasts forever.
So, take your time and ensure that all the information above is clear before proceeding to step two: choosing the right type of diamonds for your needs.
The last thing to remember is that when buying a diamond ring, you should always be satisfied with the purchase. You can use these points to help guide your decision and get what is right for you.