Diamond Buying Tips

No engagement is complete without the engagement ring. Traditionally, the engagement ring is a diamond ring presented by the groom to the bride. Since the engagement ring is such an important part of the wedding you shouldn’t take it lightly. There is a lot to know about rings and about your bride before you purchase the ring.

By the time you buy the engagement ring, you should know her ring size. An easy way to figure out her ring size is to secretly take one of her rings to a jeweler. They will be more than happy to help you out. You might also ask her sister or mother, or anyone close to her who would possibly know he ring size. You should also know what shapes of jewelry stones she likes. Does she like white or yellow gold, or platinum?

Next, you must set your budget. Engagement ring prices can range from moderately expensive to very expensive. The price of the engagement ring is only limited by your budget. The diamond is what makes the engagement ring such an expensive gift. With such an expensive investment, you should make sure you understand some of the basics of buying diamonds.
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Buying The Engagement Ring

The most widespread of engagement traditions is the groom presenting his bride to be with a ring. Most frequently, the engagement ring is a diamond ring. Even though diamonds are the most desired by brides to be, diamonds are not the only precious stones used in engagement rings.

If your choice of engagement ring is a diamond ring, be prepared to spend. The diamond jewelry retail market is a $30 billion market. Over $5 billion is spent on engagement ring in the U.S. market.

To the untrained eye, most diamonds look very similar. Most people differentiate between diamonds based on size, shape, and price. A lower price usually means lower diamond quality, not necessarily a bargain.

Judging diamond quality requires skill and experience, and it involves grading a ring based on a combination of characteristics such as cut, clarity, color and carat weight. The above characteristics are called the “4 Cs”. A diamond’s weight is measured in carats, equivalent to one fifth of a gram. Usually diamonds range from 0.25 up to several carats. Weight is only one way of valuing a diamond, color is another. Colorless diamonds are the most rare and they are the most valuable. Colored diamonds with a hint of yellow are more common and less expensive.

Diamond colors are coded from D to Z. A D grade is the most valuable and Z is least valuable. Diamonds graded D-F are considered colorless and they are the most valuable. Many reputable jewelry stores do not sell K thru Z grade diamonds.

The most valuable color grades:

D: Absolutely colorless. The highest color grade, which is extremely rare.
E: Colorless. Only minute traces of color can be detected by an expert gemologist. A rare diamond.
F: Colorless. Slight color detected by an expert gemologist, but still considered a “colorless” grade. A high-quality diamond.

Another essential factor determining the price of a diamond is its cut. Just like color, cut, is equally difficult to judge for the untrained eye. The grading certificate that typically comes with the diamond will give you a good idea. Independent testing laboratories, such the GIA, provide certificates with a diamond’s grading from excellent to poor. A certified diamond also means a bigger price tag.
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