19 Crazy Facts about Engagement Rings.


Buying an Engagement Ring? Read this first..

The average cost for an Engagement Ring now stands at around 2K. Tradition states you should be spending around two months wages on that special item. But there are so many options to consider when buying a ring that the average figure really does get thrown out of the window. A beautiful looking ring can start as low as £300 and work its way up to a cool £1 million.

Your final ring choice is governed by a number of factors, including: What metal your partner wants, the diamond size, diamond cut, diamond colour and clarity. Even the diamond shape makes a difference to the cost.

What matters is that you pay for something reflecting your budget and shows your true feelings towards your partner.

Please note the information below is a guide only and may not suit everyone’s view or opinion. If you are in any doubt please contact your local Jeweller or Diamond expert who will give you some further information..

Below is a list of interesting facts about Engagement Rings.

1) The most popular diamond shape is the round brilliant cut. Depending on the type of design you choose it does tend to show off the diamond very well. The round definitely scores high on overall BLING & WOW factor as it is cut to allow for maximum light and brilliance.

2) GIA and IGI are two of the most respected diamond grading labs in the world. They grade diamonds so you know exactly what your buying. If the diamond has no certification ensure the company you are buying from has a good reputation for providing good quality stock and can guarantee themselves that it is good quality. Others to look out for are EGL which do offer strict diamond grading at affordable prices. If buying an in-house diamond graded diamond, these can provide a very un-biased view and may not have the same value as a Diamond with genuine certification but as mentioned above the retailer may have an excellent in house diamond grading expertise.

Simon Wright from Diamond Jewellers http://www.sw-jewellery.com/ kindly states in reference to this point “The GIA is, I agree, a highly respected diamond grading laboratory. However, by presenting the article as factual information is misleading as a diamond certificate is not a guarantee of the quality of the diamond. It is the opinion of a diamond grader presented on a piece of paper. The nature of diamond grading is that the grader makes an informed observation on the properties of the stone, which allows for variation between the certificates based on who the grader is. I have seen lovely stones that have been graded by the GIA, and I have also seen some stones that should never had received the grading they have through the GIA.”

Simon then goes on to explain “A diamond certificate is in no way a guarantee of what you are getting. It is more important to purchase your diamond from a jeweller who is reputable and who you can trust. On un-laser marked stones it is easy for a jewellery to say a certificate belongs to a particular stone and the customer has little way of proving otherwise”

3) You may want to consider buying your diamond online as you can make a saving of between 20 – 25% opposed to buying your engagement ring on the high street. Check out our 5 top on line Budget Engagement Rings. (All UK business online will include sales tax at 20%. Cheaper online prices may be due to lower operating costs of the business. Tax may be saved if buying from another country and importing in. You may well get charged import tax (Duty) if picked up by customs though.

4) The tradition of an engagement ring was introduced in 1477. Archduke Maximillian of Austria gave Mary of Burgundy a Gold ring set with a diamond as a token of love.

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    • Hi Badger, I think it depends what country you are buying and shipping to. Generally customs will intercept the package and charge tax at source unless a company sends it as a package with no value. This could cause insurance issues.

      • Fact # 3 suggests that purchasing on-line will save you having to pay tax. this is simply not true, Any purchase made, be it on-line or on the high street will incur tax.

        On-line traders often claim that savings can be made because of reduced overheads that they have compared with high street shops, this may be true but with the present climate, high street jewellers are having to compete and good deals are available.
        Also, buying a diamond on-line with out seeing it can be a risky business, where as buying from a high street shop will enable you to physically see the stone so you can be sure of what you are paying for.

        • Hi Badger, you make some good points. Personally I feel there are some very reputable and honest retailers that run internet only businesses. All will generally provide minimum standard quality diamonds with GIA certification or the less expensive EGL, I think as long as people are more wary of independent certification then they should be as good as any high street retailer. The Tax is something we will check though as it’s worth being open about what can be saved online nowadays.

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  9. lauralouise90 on

    I definitely think it helps to have an idea of the type of styles your partner likes before buying. We frequently get newly engaged couples coming into store for a size change and leaving with a completely different ring! Laura