Engagement Rings: A Guide to Buying the Perfect Ring

The April 2010 issue of Kiplinger’s Personal Finance magazine featured an article on engagement rings. The article provided a comprehensive guide to buying the perfect ring, from setting a budget to choosing the right stone and setting.

Setting a Budget

The first step in buying an engagement ring is to set a budget. This will help you narrow down your options and avoid overspending. The average engagement ring in the United States costs around $3,500, but there are rings available for every budget. If you are on

a tight budget, there are a number of ways to save, such as buying a ring from a pawn shop or online retailer, or choosing a less expensive stone or setting.

Choosing the Stone

The next step is to choose the stone for your engagement ring. The most popular stone for engagement rings is the diamond, but there are also many other options available, such as rubies, sapphires, and emeralds. Diamonds are graded on the four Cs: cut, color, clarity, and carat. The cut of a diamond refers to its shape and how well it reflects light. The color of a diamond ranges from colorless to near-colorless. The clarity of a diamond refers to the presence of inclusions, or blemishes. The carat weight of a diamond is its weight in grams.

Choosing the Setting

Once you have chosen the stone for your engagement ring, you need to choose a setting. The setting is the metal that holds the stone in place. There are a variety of different settings available, from simple solitaire settings to more elaborate halo settings. The setting you choose will depend on your personal style and the type of stone you have chosen.

Tips for Buying an Engagement Ring

Here are a few tips for buying an engagement ring:

Do your research. Before you start shopping, it is important to do your research so that you know what to expect. Read reviews of different jewelers and look at photos of rings online. This will help you narrow down your choices and make the shopping process more efficient.

Visit different jewelers. Once you have a good idea of what you are looking for, it is time to start visiting different jewelers. This will give you a chance to see the rings in person and get a feel for the different styles and prices available.

Ask for help. If you are not sure what you are looking for, do not be afraid to ask for help from a jeweler. They will be happy to answer your questions and help you find the perfect ring for your partner.

Take your time. There is no need to rush into buying an engagement ring. Take your time and choose a ring that you are sure your partner will love.

Buying an Engagement Ring Online

In recent years, there has been a growing trend of people buying engagement rings online. There are a number of advantages to buying an engagement ring online, including the ability to shop from a wider selection of rings and the convenience of shopping from home. However, there are also some risks associated with buying an engagement ring online, such as the possibility of receiving a counterfeit ring or a ring that is not as described.

If you are considering buying an engagement ring online, it is important to do your research and choose a reputable retailer. You should also be sure to read the retailer’s return policy carefully so that you know what your options are if you are not happy with the ring you receive.


Engagement rings are a symbol of love and commitment, and they should be chosen with care. By following the tips in this article, you can find the perfect engagement ring for your partner that they will cherish for a lifetime.