How to Save Money on Your Wedding Rings

If you’re thinking about popping the question, you’re probably feeling overwhelmed by the cost and selection of engagement and wedding rings available. If you’re in this position, don’t worry – it isn’t as complicated as it seems. In most cases, the groom will buy the engagement ring first and then the couple will choose the wedding bands together. The old tradition says that the engagement ring should cost roughly one month’s salary, but for many grooms-to-be, this might as well be a million dollars. Fortunately, there are several ways that you can find a beautiful engagement ring for a fraction of the cost – without sacrificing quality. Considering the following options if you’re looking for ways to save money on your wedding and engagement rings.

Consider Quality First

While most people are very particular about the quality of a wedding set, there are a few ways you can cut corners without any noticeable difference in the rings. First of all, consider the gold quality you choose. While 24k gold is typically the purest quality of gold available, these rings can be quite soft, as fewer metals are added to give the ring strength. Therefore, you should consider going with a lower value such as 14k or 18k gold that has a harder metal base and will be more durable for years to come. After all, most people can’t tell the difference between 24k and 14k just by looking.

You can also consider the quality of the stone you use. You can save a lot of money by purchasing a smaller diamond, or by choosing a ring that features another type of semi-precious stone and is set off by tiny diamonds. In some cases, you may be able to find a smaller diamond that is cut in a way that makes it look bigger, or a special setting that achieves the same effect.

Used Jewelry Is an Option

If you can’t find anything you can afford in traditional jewelry stores, you might want to look into used jewelry. You can find some great options at local pawn shops, used jewelry shops or estate auctions – where you can often find vintage pieces for a fraction of their value. The key to buying used jewelry is to look for a ring that has no scratches or damage. If the ring is dusty or dull, you can always have it cleaned and polished. In fact, most jewelry stores will polish, clean, and size a ring for a very small price. You could end up with a $5,000 ring for as little as $200-300 if you buy it used.

Internet Jewelry Stores Offer Lower Prices

Consider shopping online to find the best prices on wedding and engagement rings. Many online jewelry stores offer lower prices because they don’t have to pass the cost of overhead on to customers. You can also shop online auction sites like eBay.com to find great deals on both new and used rings. In addition, many jewelry stores now have eBay-style stores where you can bid on the specific piece you’re interested in. In this case, make sure you set a maximum bid, as the auction can get rather heated when it comes down to the final moments – leading you to spend much more than you bargained for!

Using any of these tips, you can save a significant amount of money on your wedding ring purchase. The key is to shop around and look for the best deal. Don’t just buy the first ring you come across and assume it’s the best deal – you may be able to find something much nicer at less than half the price if you’re willing to do your homework.

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Filed under: Accessories,Inexpensive Weddings — vicky at 1:32 pm on Friday, March 27, 2009