Should you Go for Premium or a Value for Money Option for Your Engagement Ring

When it comes to purchasing a quality fine engagement ring, the jewel’s price is often the key factor. For many buying an engagement ring is a once in a lifetime purchase, an important decision that takes up significant, effort and money in making it. In practice, people, particularly in the West, tend to go big when it comes to their choice of engagement ring, which is arguably the most outwardly visible and emotionally significant jewel, after the wedding ring. Here we will study the processing of buying an engagement ring, from the standpoint of price and try to answer the question: should you go for a premium engagement ring or a value for money option.

What is a Premium Priced Engagement Ring

This is an interesting question, for in practice there is no upper limit for price when it comes to engagement rings. Diamond or sapphire engagement of rings when combined with precious metals like platinum, white gold, and other rarer metal types like palladium, can be quite expensive. When it comes to the gemstones, which are the main determinants of the price of the ring, their prices can vary considerably depending on the factors of gemstone quality (e.g. 4Cs of Diamonds). Thus when it comes to the price of an engagement ring, depending on the carat, cut, clarity and colour of the stone its price could be vast. Premium engagement rings tend to be priced starting from $ 7000 at the lower end, with the highest being basically limitless. An important distinguishing feature of premium price engagement ring is that besides having larger and better carat stone, and high-quality metal band, is that these engagement ring types also tend to carry premium designs. Notable here are designer engagement rings, which carry distinct designs, and craftsmanship.

Advantages of Premium Priced Engagement Ring

The main advantage of premium-priced engagement ring is that they usually come as a combination of top quality gemstones, precious metals and distinct designs. The price determines the final quality of the product: so the higher the price, the better the product. This is logical. And depending on how high you are wishing to go, that the price of the engagement ring that be tens of thousands of dollars, to even hundreds of thousands. It is important to note here that premium-priced engagement rings tend to include ring types that carry rare or unique gemstone types like Padparadscha sapphires or Argyle diamonds. So if your aim is to go higher or bigger when it comes to your fine engagement ring, and the price is no hurdle, then premium price engagement rings are the way to go. 

What is Budget Value for Engagement Ring?

The term ‘budget’ is a subjective term in the world of fine jewellery. When it comes to engagement rings, which are generally pricey, the idea of spending less or being limited in what you are willing to spend is an interesting one. Budget engagement rings are those that command a lower price, which as a result feature a smaller gemstone, a stone with lower clarity, and a weaker gemstone cut. And when it comes to the metal band, it may feature cheaper metal options like 14-carat gold or sterling silver. And when it comes to gemstones, it may also involve a more affordable option like garnets, topazes, and more affordable variants of rubies, sapphires and even diamonds. In terms of price, this may vary depending on what kind of jeweller you are purchasing it from, the availability of discounts, the time of the year you are buying your engagement ring. In terms of prices, budget engagement rings that are solid value for money tend to start at around $ 1500. This is a good start, considering that it is important that budget engagement rings are not ‘cheap’ or ‘affordable’ engagement rings: which could usually mean poor or inferior quality rings. So be aware, that budget engagement ring options should not be confused with cheap ones. 

Can you Receive a High Quality Engagement for a Budget Price?

The simple answer is yes. But it would depend greatly on the quality and jewellery range of your engagement ring provider. For good jewellers who make good fine engagement rings, tend to offer a wide range of choices when it comes to their range of jewels, and are also offer an array of support services. Since engagement rings need to get certain fundamentals right when it comes to gemstones cuts, ring design etc. So the answer is yes, if, the jeweller is able to provide good value for money with respect to jewellery quality. For whilst budget engagement rings tend to meet basic requirements of ring quality, they can contain certain premium features like a well-cut stone, higher gemstone carat, and quality metal band. The question is how to get hold of it. For it is not always the biggest brands that can always meet this particular demand. So finding the right jeweller for your budget engagement ring is key in getting a quality engagement ring for a budget price. 

Which is the Right Choice for You: Premium Priced or Budget Engagement Ring

Choosing between the two can be a very choice or a very difficult one. For some, the price is not a problem. It doesn’t matter if the engagement ring is $ 5000 or $ 50, 000 they can afford it, for what buyers in this group are looking for is a premium-priced product. And getting the ring they wish: one that meets the specific requirements in terms of gemstone size, type and character, and metal, in terms of its design, including the range of rare antique rings, would not be a problem for the price they are wishing to pay. When it comes to budget engagement ring options, the options are smaller, but also more diverse in terms of what you are looking for. As the range of rings that can be considered ‘budget’ are large, and may vary depending on the buyer's expectations, and the money they are willing to spend.