5 Ways to Save on Your Engagement Ring

Deciding you want to spend the rest of your life with your partner is an exciting step in your relationship. Now you’ve committed to popping the question, the next stage is to choose the perfect engagement ring to propose with. But as soon as you start browsing rings, you’ll quickly discover that this task is easier said than done.

Finding the ideal engagement ring is crucial when asking your partner to marry you, but it doesn't have to break the bank. At Lorel Diamonds, we believe that love is priceless and your engagement ring can be, too — all without compromising on quality or sentiment. To help you buy the ring of your partner’s dreams without blowing your budget, follow our 5 money-saving tips for buying an engagement ring.

5 ways to save on an engagement ring

1. Choose a lab-grown diamond

Lab-grown diamonds are a great alternative to natural diamonds. Both types of diamonds look identical — they have the exact same brilliance, shine, and sparkle — so only you and your partner will know if you choose not to tell anyone. One of the biggest differences between the two is that lab-grown diamonds are usually much cheaper than their natural counterparts.

2. Set a budget and stick to it

Before you even begin shopping, you need to establish a realistic budget. When you’ve determined a spending range you’re comfortable with, you’re free to focus on rings that suit your budget, without getting distracted by ones that don’t. To help make things a little more affordable for you, we’ve got some excellent finance plans.

3. Explore alternative gemstones

While diamonds are the classic choice for engagement rings, alternative gemstones can provide a unique and cost-effective alternative. When choosing a ring, think about other vibrant gemstones like sapphires, emeralds, or rubies as the centrepiece of your ring. Not only do these gems offer a distinctive look, but they also give you the chance to create a beautiful, standout piece of jewellery.

4. Opt for a smaller carat size

Picking a slightly smaller carat size can have a huge impact on the cost of your engagement ring. At Lorel Diamonds, we can guide you in finding the right balance between carat size and other factors like cut, colour, and clarity, ensuring that your chosen ring sparkles brilliantly while staying within budget.

5. Pick a halo setting

If you’re looking for a ring that looks big but doesn’t have the hefty price tag associated with a large diamond, consider a halo setting. The design is made up of a central diamond surrounded by a circle of smaller stones, creating the illusion of a more substantial centre stone. It’s a clever and very effective way of making a diamond look larger than it really is.

Ready to find your partner’s dream engagement ring without blowing your budget? Start by browsing our engagement ring collection and check out our discounts, too. If you need any help, we’re only a message away!