The price of an engagement ring can be significantly more than that of a wedding band. Why is this so? Here are some of the reasons why engagement rings usually cost more than wedding rings.
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1. Materials Used
Engagement rings are usually centered around a diamond or other main stone. This is one of the top reasons that an engagement ring can cost more than a wedding band. The cost depends heavily on the size and quality of the main stone. Wedding bands usually have smaller stones than engagement rings or no stones at all.
The metals used in creating an engagement or wedding ring will also affect the price. For example, precious metals like palladium and platinum are more expensive than gold.
Engagement rings are meant to be eye-catching, so they usually have a more intricate design than wedding rings do. Adding features, such as a cathedral mounting or pave accents, will likely increase the price. The engagement ring is the more dominant ring and the wedding band is designed to match it.
3. Wow Factor
An engagement ring is meant to be impressive. There are so many different types of engagement rings to choose from, but it is important to choose a ring that your fiancé will fall in love with.
Some things to consider when buying an engagement ring:
Your partner’s style and taste. Pay attention to the kind of jewelry that they already wear. You might want to consult with some of their close friends to determine their preferences.
Know your partner’s ring size. You can usually have an engagement ring resized after purchase, but to be on the safe side it is a good idea to know what size to buy from the start.
The 4 C’s – Clarity, Color, Carat and Cut. Ask to see the GIA Grading Report for any diamond that you are considering buying. A genuine dealer should not have a problem with you asking for this certification. If a dealer is unwilling or unable to show you a diamond certification, you might want to go somewhere else.
Know your budget. Engagement rings have many different price points. You don’t have to go into debt in order to pop the question. Many jewelers offer financing options to make even an expensive engagement ring affordable.