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Reasons An Engagement Ring Costs What It Does

# Reasons An Engagement Ring Costs What It Does

Image Source: Unsplash

When you decide to buy an engagement ring, you might notice that their prices vary significantly. They are often more expensive compared to wedding rings. There are several factors contributing to this discrepancy. If you are in the market for an engagement ring and curious about why they are priced as they are, read on to discover some of the reasons behind the cost. Understanding these factors will help you choose an engagement ring that provides value for your money and makes you feel special when wearing it.

Standard Materials Used In Engagement Rings

Engagement rings are typically crafted using a mix of precious and semi-precious metals and gemstones. There is a wide range of metals available for creating engagement rings, such as:

  • Gold – Yellow, Rose, and White
  • Platinum
  • Titanium
  • Palladium
  • Silver
  • Tungsten Carbide

Gold is a popular choice for engagement rings, known for its high cost. However, metals like platinum are even more expensive. If you are looking to save on your ring, you may opt for a durable yet more affordable metal. Additionally, there is a variety of gemstones to choose from for your engagement ring, including:

  • Diamonds
  • Sapphires
  • Rubies
  • Emeralds
  • Alexandrite
  • Aquamarine
  • Spinel

Out of the listed gemstones, diamonds, rubies, sapphires, and emeralds are considered precious and tend to be the most expensive choices for an engagement ring. However, selecting semi-precious gemstones can offer significant cost savings. Research various semi-precious gemstone options online to find a more budget-friendly option for your engagement ring.

The Cost Of The Raw Materials

There is a significant disparity between the cost of raw materials in handmade diamond engagement rings in Brisbane and the retail price of these rings throughout the country. This variation is primarily due to jewelry manufacturers adding a substantial profit margin to the selling price, which is common in the jewelry industry. Nevertheless, if you want to maximize the value of your engagement ring, there are ways to save money.

Choose A Bespoke Handmade Engagement Ring

Reasons An Engagement Ring Costs What It Does
Image Source: Pexels

Many individuals mistakenly believe that custom-made engagement rings are beyond their budget. However, when comparing the prices of bespoke rings to mass-produced rings, the costs are often similar. Opting for a bespoke ring provides better value for your money, offering a truly unique piece. The quality of a handmade ring surpasses that of average engagement rings found in mainstream jewelry stores, making it a worthwhile consideration. By selecting a bespoke ring, you can access higher-quality gemstones, an exclusive design, and a special piece tailored to your preferences, all at a more affordable price. When shopping for an engagement ring, consider turning away from typical high street jewelry stores and instead seek out a reputable jewelry designer who can craft your ring by hand.

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