NewYorkBuck;2082741; said:
My question to you guys is this - how much do you guys think is a reasonable budget for an engagement ring? Im pretty conservative fiscally, but I know its a once in a lifetime kinda purchase.
Most people are willing to blow 10-50K for a six-hour wedding, so I think that it's perfectly reasonable to spend that much on a ring that will last for ever and will likely hold its value pretty well.
NewYorkBuck;2082741; said:
Also, of the factors involved - which do you think is most important? Do you sacrifice color for size, clarity, etc? Or the other way around.
Most women care only about size. Most guys want quality at a value price. If your soon-to-be-fiancee is the typical woman, then find out the sizes of her friends'/sisters' rings, and make hers larger. If she's got rich friends, then you're in trouble.
Cut is the shape of the diamond. Let her choose the cut, as some women are very particular about the cut. My wife insisted on an emerald cut, but most women don't like emerald cut because they do not sparkle nearly as much as round or most other cuts.
Cut also refers to how well the shape of the particular diamond compares to a model cut. A lot of stones will be cut shallow to increase the area of the table (the top part of the stone). This makes the diamond appear larger, but lessens the lustre and sparkle of the stone.
After determining the right size and her preferred cut, then spend a few extra bucks to upgrade the color. Color variations, even slight ones, can be seen with the naked eye. "Colorless" diamonds (D,E,F color) are generally overboard, as "near colorless" diamonds (G,H,I,J) will still appear to be very clear. Anything below J will be noticeably yellow. I would not go below H color, but that is just my personal preference.
"Fancy" diamonds, like canary (bright yellow) or cognac (light brown), are an option. Again, some women won't like them at all, but if the woman wants to be a little bit different, then fancies are something you should look into. Also, you might consider a white diamond with side stones like sapphires or rubies.
Don't go crazy on clarity, as you will not be able to see most inclusions with the naked eye. Anything VS1-VS2 range will be perfectly fine.
If you buy a new ring, make sure to get a GIA certificate.
Some women love estate pieces, some women hate them. When it comes to diamond rings, they really don't make them like they used to. There are some amazing pieces from the 1920's-30's, and the prices are not out of line compared to new rings. However, you have to be careful with estate pieces - if you don't know what you are doing, you can get ripped off. If possible, take the estate ring to a reputable jeweler to have it graded and appraised.
Brand name - Tiffany, Graff, Bulgari, Van Cleef - will matter to some women; most won't care if it came from Zales as long as it looks good on her finger (i.e., is bigger than her best friend's). You will pay more at a premium jeweler, but you will get quality stones, and they will stand by their product.
Bottom line for me - any guy can go out and buy a 1.49 carat round stone in a platinum setting. If that's exactly what your fiancee wants, then fine, but the engagement ring is a chance to make a statement, so don't be afraid to do something a little bit different.