How Smart Engagement Ring Purchases Can Help Offset the Cost of a Wedding

The Cost of Weddings are Astronomical
The cost of a wedding in the US now averages over $35,000 according to a CNN Money Report, and while this price tag may not come as a surprise to most people, the dollar amount is still staggering.
Spending Less on the Engagement Ring
It should also come as no surprise, therefore, that engaged couples today are looking for ways to save money on the cost of their nuptials. One way they’ve found to do this is by spending less on the engagement ring. According to a recent survey by TDAmeritrade, ⅔ of young Americans today believe that the engagement ring should cost less than $2,500. The problem with that, however, is that this amount is actually less than the national average cost of an engagement ring; today the average cost runs $5680.
So What Can be Done to Lower the Cost of an Engagement Ring?
Now this probably will come as a surprise; one of the most effective ways to cut down on the cost of an engagement ring is to order a custom ring. Custom rings can be less costly because clients work directly with a designer to design exactly what they are looking for. For example, perhaps you want a ½ carat or ¾ carat stone, or a stone taken from a piece of your own jewelry, or a loose stone from inventory; all of these are options that will cut the costs of the engagement ring. Furthermore, when you buy a custom ring, it means you aren’t paying extra for trademarks or a brand name.
Yet, another way to cut down on costs is to use different metals in the band rather than gold, and to use either less expensive gemstones or lab grown diamonds. Indeed, using different metals and lab grown diamonds can significantly help the engaged couple to stay within their budget. However, these types of design choices are rarely available when purchasing mass produced engagement rings.
Custom CAD Jewelry
That’s where custom designs come in. Custom CAD jewelry for example, not only offers these design options, but it also makes it possible to design and create jewelry pieces with a greater degree of complexity and originality than ever before. And don’t forget about the option to have existing CAD models customized. To demonstrate how you can save by customizing an existing engagement ring model, check out the engagement ring below and compare the different retail prices. The original ring has a 7×5 mm, 0.76 carat center stone with .25 carat accent stones. The images you see are of the same ring with different stones. For purposes of comparison, retail prices for the different configurations are shown as well.
18K white gold, with VS1, G-color diamonds – $3484
14K white gold with S1 diamonds and lab-grown center – $1927
14K white gold with S1 diamonds and a blue sapphire center stone – $1432
Options Unlimited
These are just a few examples of the options available with CAD jewelry that can help you cut the costs of an engagement ring without sacrificing beauty and quality. You can also choose to change the size of the center stone, add or remove accent stones and more. Your options are limited only by your imagination.
Learn More
Want to learn more? Feel free to contact us with your questions, or jump right in and get started with your own custom engagement ring. We’ll help you every step of the way.
Design Your Custom Engagement Ring