General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
How big of a diamond can you get for $15000?
If you can afford a $15,000 engagement ring, however, you'll be able to afford a somewhat large diamond, such as a 1.50 Carat, I/SI1 Round Diamond or a 1.81 Carat, H/VS1 Asscher Cut.
Is a 2 carat diamond considered to be big?
Is a 2 Carat Diamond Considered to be Big? The average carat weight for a diamond engagement ring is about 0.9 carat, meaning a 2 Carat Diamond is definitely considered big. With 2 carat engagement rings, the diamond is noticeable and eye-catching.
How many carats can 10K buy?
In general, a $10,000 budget should allow you to purchase a diamond between 0.75 and 1.75-carats. At the higher end, the 1.75-carat diamonds are considered a non-standard size and you might be able to get a bargain.
Do diamonds lose value once bought?
You're expected to lose around 25% to 50% of the diamond's cost value if you try to sell it in the market. The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it.
Do diamonds depreciate in value?
Like a car, a diamond is a depreciating asset since it loses a large portion of its value the second you buy it. Think about gold and silver. The market for them is very liquid and fungible since you can store coins, sell them at any time or even trade them later on.
Is a diamond a good investment?
Are diamonds a good investment? On paper, diamonds make great investment sense. They have high intrinsic value, they're always in demand and they last forever - plus, they're small, portable and easy to store (unlike that priceless Ming vase you just had to have at auction).
Are diamonds cheaper to buy in South Africa?
As most diamonds are mined in South Africa, many people believe that purchasing diamonds in South Africa is much cheaper relative to the rest of the world. Pricing of both diamonds and gold is standardized and is in Dollars. The best way to purchase diamonds in South Africa is to find a diamond wholesaler.
Is it cheaper to buy a diamond in Africa?
Many diamonds are mined in Africa but are only sold in bulk to diamond cutters. Another reason you'll find diamonds are cheaper in other countries is the retail markup. Countries like India and China have a lower percentage of retail markups than we see in the US. This lower margin helps you to save even more money.
Diamond Selection: Are Blue Nile Diamonds Legit? Blue Nile diamonds are absolutely legit. Blue Nile has over 120,000 diamonds available on their site not as much as their competitor James Allen, but certainly enough to guarantee you'll find something that fits your taste and your budget.
Are Blue Nile diamonds cheaper?
Blue Nile's primary advantage is that it offers diamond rings online at prices that are as much as 35% lower than traditional retailers.Dec 5, 2012
Is Blue Nile better than Tiffany?
Blue Nile and Tiffany's are two of the largest diamond and jewelry retailers and boast many satisfied customers. But if you're deciding between Blue Nile versus Tiffany's, we recommend Blue Nile because of their quality inventory, low prices, and smooth buying experience. They're one of the best online diamond stores.