In this article, I will layout the options for buying a diamond ring at the lowest possible price, while still getting something that will please your lady.
The question is, how much is enough, and is it really that important that you spend your life savings on a ring that she will only wear for a few months until you get married?
If money is tight, you don’t want to get yourself into a lot of debt, because some of these rings cost as much as a small house, and you could be paying it off for longer than most marriages last.
That’s the harsh truth, over half of all marriages end in divorce, in the west anyway, and even if you do stay happily married until the day you die, the logical option is to save that money for more important things, like your kid’s college funds, and your retirement.
Let’s start by looking at the absolute lowest price option for buying a ring. These rings aren’t necessarily going to be real diamonds, they might not even have any sort of valuable stones or metals at all in them, but they are cheap.
The Cheapest Diamond Rings
If you want to find the cheapest rings online, or the cheapest products of any type, the place I usually look first is Ali Baba, which is a wholesale site showcasing mostly Chinese manufacturers.
You can get something that looks real for about two dollars, or something that has some gold or diamonds in it for a much lower price than at your local jeweller.
Another way to go is to buy a second hand engagement ring on eBay. Some of these are used, some are new but churned out from a Chinese manufacturer, but you will definitely get a better price.
Another way to go is to buy a new ring through a factory-direct store. You can sometimes pick up a discount on their already low prices by liking their Facebook page, like this one: Discount Diamonds.
You can also find coupon codes from sites like Groupon or Retail Me Not. It’s a good idea to shop around, because you can find the exact same thing for up to 90% less than from somewhere else.
The price of diamonds and gold is supposedly a set thing worldwide, but in reality, you can find diamond rings at massively discounted prices if you know where to look.
In fact, you could make a business out of it, which is what some people do, buying gold overseas and bringing it back home to sell for a massive profit.
The Ethics Of Saving Money On Your Engagement Ring
Some people, (mostly women), would say that there’s something wrong with buying a ring that isn’t worth as much as it appears.
Some might say that it is the value of the ring itself that shows how much you love your bride to be. My personal opinion is that you wouldn’t be proposing marriage at all if you didn’t love a woman, the wedding, the kids, and everything else involved is enough of an expense, and if you get divorced, you could lose half of everything you have.
There are much more important things in life than the actual value of a lump of carbon, and unless she goes to a jeweller and has it valued, (beware of gold diggers), then you should be fine, and your marriage will go through without a hitch, the ring sitting in a jewellery box, unworn for the rest of your lives together.