What are the best Diamond Rings Prices? Today, we take you on a journey to discover the best engagement rings by price, diamond rings for cheap, engagement rings buy online, and diamond rings prices. Read on!
You are looking to buy something that is beautiful, unique, and lasts forever. Without even knowing what it is, that criteria alone sounds pricey. Then you find out we are talking about a diamond ring, and you just feel the dollars falling off the money trees.
Buying a diamond ring isn’t the cheapest purchase you will make in your life. However, unlike that $20,000 88-inch 4K television, a diamond is an investment.
Diamond Rings Prices
Wait, Diamonds Are an Investment?
They sure are! As any other investment, like a bond or gold, diamonds fluctuate in prices. So if you research how much your dream diamond is today, be aware it might not cost the same tomorrow. Diamonds.net is a great resource for keeping track of how much diamonds are currently worth.
When you are buying diamond rings, you are essentially buying two things: a diamond and a ring. No! Get out of town!
diamond rings for cheap
Both of these factors need to be taken into account when the price of a diamond ring is being determined. The final cost of your jewelry will be based on the materials that are used to create the finished product. Let’s look at some of the differences between these items.
How Much Does the Band Affect Cost?
Diamonds are usually set on gold, but in some instances they are paired with platinum. Platinum is the most durable of metals used when manufacturing rings. Minus the cost of the stone, platinum rings are twice the price of 18ct white gold rings.
As I mentioned earlier, gold is the most common metal used for diamond rings. Gold is measured in karats, with 24K being 100% gold, and the most expensive…shocking I know.
Gold also comes in different varieties. The most common for diamonds are white, yellow, and rose gold. When picking out a band, it’s just a matter of style preference because the prices don’t vary much.
When searching for a princess cut 10k gold diamond ring on Amazon, white, rose, and yellow gold all fell within the price range of $109.00-$139.00. So it’s how much gold is in your band that really determines the change in price of diamond rings.
Now About That Diamond Cost
One of the determining factors of how much a diamond is worth is the carat, or weight of the stone. As seems to be the trend, the higher the carat, the higher the cost. If you can’t tell, we are breaking a bunch of new ground here today.
We compared some prices on Amazon and sorted our results from highest to lowest. So before you blow a gasket, these may not be the prices for YOUR diamond ring. This is only so you can idea of price differences between carats.
To keep things consistent we did a price search for princess cut diamond rings, and found that 1 carat ranged from $5,700 to $9,400. Jumping up to 2 carat, prices saw an increased range of $17,300 to $18,400. Finally, 3 carat diamonds ranged from $20,900 to $30,400.
So How Much Should I Expect to Pay for a Diamond Ring?
Now that you know what factors go into how jewelers price diamond rings, let’s look at how much the average couple spends on diamond rings. Jewelers of America conducted a study in 2012 to determine that exact average. They found that most couples spent roughly $4,000 for the diamond alone.
When buying a diamond ring, you are not just buying the rock. You need to also pay for the setting. According to the same study, an average $1,000 more was spent on the band.
However, it takes two to tango. To get a better overall image of the cost for a couple to both have a ring, you can tack an addition $500 for the male. That comes to a grand total of $5,500for a couple looking to tie the knot.
In the same referenced article, it states that this number is down almost $1,000 from the same study conducted in 2006. This means that diamonds dropped in value following the recession.
As Americans climbed out of the recession, the demand, as well as the price, of diamonds has increased. This trend continues to slowly climb as couples spent around $3,500 just one year before this 2012 study where they spent $4,000.
It is hard to calculate just how much a diamond ring costs. There are many factors that go into it, but you now have a ballpark range to work with.
Make sure you as start this process, that you are educated and have an idea what you are looking for. This will help you in the long run finding the right diamond that fits within your price range.
How to wear the engagement ring and wedding band?
Whether you’re about to get married, preparing for a proposal or are just curious. It never hurts to know a little ring etiquette. We get a lot of questions about when which ring goes on which finger. Many people know that the ring goes on the ring finger. But which hand was it again? And what happens to the engagement ring once you’re married? Of course, we have the answers for you.
How to wear the engagement ring
A proposal often comes together with a ring to symbolize the planned wedding and the life together. Most of the times it’s the woman who receives the engagement ring. In Western cultures, it is custom she wears it on the ring finger of her left hand.
THE VERA AMORIS
The reason to wear the ring on the third finger of the left hand originates from the ancient Egyptians and Greeks. They believed the “Vera Amoris” was a blood vein that ran from the third finger of the left hand immediately to the heart. This way, the ring from the loved one would be as close to the heart as possible. Romantic, isn’t it? Modern anatomy, however, teaches us that the Vera Amoris is just a myth. There is no vein that runs straight from the heart to a finger. What a bummer.
WAIT, I WEAR MY ENGAGEMENT RING ON MY RIGHT HAND
In many Western countries (e.g. the Netherlands, United Kingdom and the United States) it is common to wear the engagement ring on the left hand. However, there are also exceptions. In many countries, people wear the engagement ring on their right hand. The Old Romans stated that right symbolizes everything good in the world and left all evil. The Latin word for left is “sinister”. So, yeah… With that in mind, I guess it makes sense to wear the ring on the right hand.
RELIGIOUS REASONS FOR LEFT OR RIGHT
And then there are religious reasons to wear the engagement ring on a particular side. These are also subject to the country you live in. In the Netherlands, Catholics wear the engagement ring on the right hand. Protestants wear it on the left hand. When they eventually get married, the ring switches to the other hand.
PRACTICAL REASONS FOR LEFT OR RIGHT
Nowadays, people are more practical and religion plays a less dominant role in these kinds of situations. From a practical perspective, it makes sense to wear the ring on the left hand. Most people are right-handed and use the right hand more often than their left one. Engagement rings are very valuable. So you want to avoid traces of use or damage as much as possible. By wearing the engagement hand on your non-dominant hand, you reduce the risks of damaging it. If the wearer is left-handed, she can wear it on her right hand for practical reasons.
How to wear the wedding ring
After stating your vows and saying “I do” it is time to put the wedding rings on. Just like the engagement ring, usually, people wear them on the ring finger of their left hand. People who wear their engagement ring on their left hand can put it on their right hand before the ceremony. Note that the hand of the wedding ring can also differ between countries, cultures, and religions. Dutch Catholics wear their wedding bands on their left hand (and engagement ring right). Protestants on their right hand (and engagement ring left).
The engagement ring after the wedding
After the wedding, there are basically three things one can do with the engagement ring:
- Usually, women stack the engagement ring on top of the wedding ring. Often on the ring finger of their left hand;
- Some decide to wear the wedding ring on their left hand and the engagement ring on their right. Or vice versa of course.
- Only a few choose to not wear the engagement ring at all anymore.
STACKING OR SPLITTING THE ENGAGEMENT RING AND WEDDING BAND
At Royal Coster, we firmly believe in keep wearing the engagement ring. Sure, the chances of damages to the beloved engagement ring are smaller when it’s always safe in a dark box. But it is such a shame to put that beautiful piece away after the engagement period. Therefore, we prefer it to either stack the rings or wear one on each ring finger.
STACKING THE WEDDING RING AND ENGAGEMENT RING
Wearing the wedding band and the engagement ring on the same finger can be a very elegant option. Usually, this works best when one ring is quite modest – often the wedding ring – and the other one flashier. For example, a solitaire diamond engagement ringand a simpler (diamond) wedding ring in the same gold look lovely stacked. Another great option is an alliance ring or semi-alliance ring for a wedding band. Stack it with a wonderful halo setting or paved diamond engagement ring and it will look amazing. It is no secret that stacking the love rings on top of each other is popular. For this particular reason, the curved wedding band was invented. This ring is shaped to complement the engagement ring.
ONE BAND ON EACH HAND
Stacking the rings is not always an option. Not all rings match very well. Two wide rings for example. Rings in different colors and styles aren’t always a good combination. When the wedding and engagement ring differ a lot, many women choose to wear one ring on each hand. Most often, the wedding ring is worn on the left hand. The engagement ring is then placed on the right hand. However, this is a matter of personal taste.
Ready to tie the knot
Are you looking for an engagement ring or wedding ring? At Royal Coster Diamonds we have the biggest collection of diamonds in all of Europe. We have a small collection on our website, but feel free to browse. If you’re looking for a specific model, please contact a diamond consultant. We have almost every setting known to man and if don’t have it, we can make it.