How much will an engagement ring cost?
The first thing to consider is the cost of the diamond, as this is by far the largest component of the overall cost. This part can be quite confusing, as there are so many variables to consider that will affect the price such as the shape, size, cut, colour, and clarity of the diamond. You may also find that the price of a diamond will vary widely depending on where you look.
On the Fairfax & Roberts website, you will find a wholesale diamond portal that has a selection of diamonds from our preferred international suppliers where you can enter different variables and be shown a display of wholesale diamonds and their price to match your search criteria. You can then change individual filters to see how it affects the diamond price. This gives you both price transparency and control over the diamond selection process.
One of our expert advisers are always available to guide you through the process whenever you’re ready.
Our top tips:
1. Speak to an expert who will educate you on all the components of an engagement ring, this will lead to you making the best choice for you.2. When you are choosing the metal – be aware of certain things, such as the increasing price of gold and the fact that platinum is now the same price, where it used to be much more expensive and may be worth considering. Also, be wary of jeweller’s using less gold to achieve a certain price point. This may be alright with you, but it is good to make sure you are comparing apples with apples when comparing rings - feel the weight of the metal so that you know what you are getting.
3. Quality of the make - Some rings may cost more to make but will last longer. For example, at Fairfax & Roberts we offer a lifetime guarantee on all our products as we are confident we are using quality materials, expert craftsmanship and design our jewellery for longevity. Some products and designs in the market aren’t as robust and will require a remake therefore adding to the overall cost.
