You can actually buy diamonds without paying through your nose. It makes no sense at all to go in debt just for buying your engagement ring. A common trend among people is to buy a diamond ring that costs you as much as your two months’ salary, but where did this trend originate from, one might ask? This is nothing but propaganda spread by the various diamond companies who’re only interested in their profits and the health of their balance sheets.
People often make hasty decisions while buying Engagement rings because of the emotional value attached to them and feel guilty about buying a not so expensive ring. It has sort of become a fashion among young couples to make a statement with their rings where the size of the diamond reflects the amount of love between the couple. Bigger the diamond, greater the love and attachment between the two.
Are diamonds a good investment option?
This is a common misconception among most first time diamond buyers who think that diamonds are good investment option. This myth is further promoted by diamond companies and jewelers who’re always trying to push you into a diamond worth more than you can really afford. The value of Loose diamonds does not appreciate significantly over time like other jewelry items and stones. Also, it is always advisable to avoid combining investment decisions with emotional decisions. You’d never be able to convince yourself or your partner to sell off your engagement rings to pay off a bad debt or loan.
Figuring the right amount to spend on your diamond engagement rings
Before you venture out shopping to select a Loose diamond ring for your engagement, it is advisable that you first come up with an approximate figure for your budget and the maximum amount you’d be willing to spend. This decision should only be based on your financial health and various other factors such as emotional value, fear or a temptation to make good impression on your partner or your in-laws should be kept aside. The salesman at the diamond ring store will also try his best to sell you a ring worth much more than your real budget so you should steer clear of his pressure tactics.
Decide on whether to choose the ring with your partner or all by yourself
This is a tricky decision to make for all men. You can choose the ring yourself and then later surprise your partner. This way you get to see her reaction on seeing her Engagement ring for the first time. But there’s always the risk that she may not like your choice or has a preference for other stones. It’s a catch 22 situation and it can be very tricky getting out of it.
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