Expensive Engagement Ring

When it comes to prices, ignore the industry rule of thumb of spending two months of salary on a diamond engagement ring. That way they can sell rings and diamonds that may not be the best quality - to guys who are understandably confused - at 10-times markups. It's more important today to be smart about buying diamond jewelry because not only have metal prices soared in recent years, but diamond prices have surged recently. In 2011, diamond prices rose more than 19 percent after increasing more than 10 percent in 2010, according to the RapNet Diamond Index. So, a pale blue box from Tiffany & Co. might be prestigious, and you might get great service at its stores, but its diamonds certified to be a certain grade are the same quality as other jewelry stores or online diamond sellers. But buyers should also be aware of diamond-buying secrets that can reap better value for the money you spend on diamond jewelry. "The diamond industry historically has been shrouded in mystery and secrecy and romantic intrigue," said Josh Holland, a spokesman for online seller of diamonds BlueNile.

Prices of diamond engagement rings will fall even more if you first purchase a loose diamond at competitive prices. So, a pave or channel set engagement ring may be within your reach than a solitaire diamond ring. Make also sure that you have done lots of comparing of the diamond engagement ring prices on the internet. If you are dreaming of purchasing a diamond engagement ring for your would-be-bride, then you may have to fork out a huge amount of money from your savings and monthly salary to realize the dream. This is to make sure that you do not buy a very expensive ring in enthusiasm. But if they follow some tips, such costly ring jewelry is still within their buying reach. Hence, your chances of finding an affordable ring are more with the online sellers than the physical jewelry stores.

But forget the romance for a while and make sure that if you have bought an expensive engagement ring you check your insurance policy. Rings similar to the

Monica Lopes of Danbury, Conn. has been charged with grand larceny in the third degree for stealing an expensive engagement ring from a South Salem home.

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"Throughout the holiday season, we saw about a 25 percent increase in searches for sapphire engagement rings," says Google retail director Dan Schock.