From what to look for to where to buy it from, here’s a guide to help you find the perfect engagement ring
While you prepare to make a lasting impression with that much-anticipated engagement ring, here are a few pointers to keep in mind during your purchase.
The rules of engagement
From shiny rocks to jaw-dropping designs, take into account a few factors when picking your engagement ring. Gautmi Khanna, event designer, Gautmi Khanna Designs, shares, “An engagement ring should complement the personality and style of your partner. Take time to select the perfect ring, one that suits your partner’s hand.”
Big budget ideas
The first step to making an informed decision is research. Khanna advises couples to familiarise themselves with the offerings before they make a selection. She shares, “Start researching the prevailing market rates as every seller has [different] margins and making charges. Meet at least three to four jewellers to draw a comparison.” Once you’ve identified your preferences, think about the details. Lalit Musal, CEO, Diamond Division – Motisons Jewellers, suggests, “Couples can choose rings with lesser weight. Get it crafted with the least possible metal weight; the ideal weight for an engagement ring is around three to four grams.”
As the ring will be worn almost daily, Queenie Singh, proprietor, Jewels by Queenie, proposes other metals such as titanium, which can be budget-friendly or a pressure setting diamond ring, which makes it appear like a solitaire.
What’s in store
Most couples are overwhelmed and confused when buying the ring. What matters is where you buy your ring from, as it may result in a prudent purchase. So, should you buy from a brand, independent jeweller or wholesaler? Nitin Gilara of Rambhajo’s Jewellers, advises, “Your first option should be your family jeweller or a jeweller with a generational legacy, as they are trustworthy. Undoubtedly, a family jeweller should be the frontrunner, especially if you want customised designs. The next in line will be the wholesaler. Diamond wholesalers buy in bulk; as a result, their costs are considerably lower. They mostly deal with professional jewellers and not so much with consumers.” However, if you choose to buy from a wholesaler, it’s important to know your way around to get the best possible price. If you negotiate well, you can purchase loose diamonds at the wholesale price and get it designed by a jeweller. A word of caution: Most wholesalers accept cash.
The savings tally
Savings on an engagement ring can vary depending on your research and knowledge. However, even if these conditions are met, is it truly possible to reduce costs? Musal responds, “If you follow the ideal metal range, you can save up to Rs 4,000-10,000. For value-oriented buyers, if you choose near colourless diamonds, you stand to save tens of thousands.”
Drawn to the web
The Internet is rife with deals featuring prices that are lower than what’s available in stores. If you intend to buy online, then ensure the purchase is made through a reputed seller. Also, become well-versed in diamond values. Gilara concurs, “Online sites are widely viewed as a viable place to buy a diamond ring because of the convenience and affordability. Also, online retailers do not have to pay for a brick-and-mortar store, hence they are able to offer lower prices on their diamonds while still making profit. However, shopping online is a huge risk; given the monies and availability of time, one cannot afford any last-minute surprises, for instance, sometimes the ring might not match the specifications listed online.”
A ring with a view
So, does your engagement ring have to be a diamond ring or can it feature other gemstones?
Khanna says, “While you can pick an engagement ring featuring other beautiful stones like sapphire, diamonds are a suave addition. When it comes to men, platinum bands (in the form of infinity bands) work best.” According to Musal, people will always prefer original diamonds but if someone wants to reduce costs, they can choose American diamonds which are much cheaper.
An engagement marks the next step in your relationship. Appreciate this phase of your courtship and try not to make it all about the ring!
Lead Photos: Instagram; Photos Courtesy: iStock