How to Buy an Engagement Ring: An Unofficial Guide
Buying an engagement ring is a significant and exciting milestone, but it can also be a daunting task. Here's an unofficial guide to help you navigate through the process with ease, especially if you are considering a bespoke ring from Croft & Stern.
What is an Engagement Ring?
In Western tradition, the distinction between an engagement ring and a wedding band holds significant symbolism. An engagement ring is traditionally given during a proposal and is often adorned with a precious gemstone (often a diamond, as it is very durable), symbolizing commitment and the promise of marriage. It is conventionally worn on the left ring finger, believed to have a direct vein to the heart.
Following the wedding ceremony, a wedding band is exchanged and placed closest to the heart, underneath the engagement ring. Many modern couples opt to stack the rings, placing the wedding band below the engagement ring as a symbol of their union and enduring commitment.
The wedding band is typically chosen closer to the wedding date, often selected together by the couple as a symbol of their shared future.
Now that you know the “tradition”, throw the rules out the window! If you want to forge your own path, we are all for it. As many of our couples stay true to tradition as those who don’t. The point of custom is to customize!
Preconceived Notions About Engagement Ring Salary Requirements
When it comes to buying an engagement ring, many people are influenced by long-standing myths and societal expectations that can add unnecessary stress to the process. Let's address some of these preconceived notions and offer a more modern perspective.
“The Salary Rule Myth” One of the most pervasive myths is the "three months' salary" rule. This idea suggests that an engagement ring should cost about three months of the purchaser’s salary. This notion can be traced back to marketing campaigns from the mid-20th century aimed at boosting diamond sales. Today, this rule is widely considered outdated and unrealistic for many people. Financial experts now advise spending an amount that is comfortable and affordable without causing financial strain. Are you simply looking to spread out payments? That is a different story - ask a designer for more information on our 12-month interest-free Synchrony Bank credit card.
Customization and Budget Flexibility
Another misconception is that a high-quality, meaningful engagement ring must be exorbitantly expensive. In reality, there are numerous options for beautiful, personalized rings at various price points. Customization can range and we do try to align each of our guests with options to successfully reach their goals. All it takes is a simple conversation!
Breaking Down the Steps
The process of buying an engagement ring does not have to be overwhelming:
Research and Inspiration: Gather ideas from online resources, friends, and family.
Consultation: Meet with a Croft & Stern team member to discuss your vision, budget, and options.
Selection: Choose the diamond or gemstone and setting, guided by our gem and diamond experts.
Customization: Work with your jewelry designer to create renderings and 3D prints.
Final Purchase: Approve the design, pickup the ring and propose!
Emphasizing What Truly Matters
Ultimately, the value of an engagement ring lies not in its price tag but in its symbolism and the thought put into its selection. It's a representation of commitment and love, and these qualities are not dictated by cost. By focusing on personal significance rather than societal expectations, couples can choose a ring that truly reflects their relationship and values. At Croft & Stern, we understand that a custom order is just that—custom. People look to us to incorporate meaningful design elements, gems, or special tmessages forever in the ring. This personalization is what makes the ring truly timeless and a unique symbol of your love story.
No Price Requirement, Just Guidelines
While there’s no strict price requirement when it comes to buying an engagement ring, there are some entry prices to consider:
Basic Solitaire Band: For a simple, non-customized, 14k white gold band, expect prices to start around $500.
Custom Made-to-Order Rings: These begin at approximately $1,200.
Average Setting with Accent Diamonds: Typically, more narrow settings with accent diamonds average around $2,500.
Remember, these prices are for the ring setting alone. The center diamond or gemstone is sold separately, and its cost can vary widely depending on its characteristics. Visit our Engagement Ring page to see our current pre-designed settings.
Diamond and Gemstone Costs
The price of the center stone varies, but here's what you can expect at Croft & Stern:
Earth-Mined Diamonds: Our most popular sizes range from 1 to 2 carats, with the 1.30-carat size being the most common. A diamond of this size typically costs between $7,000 and $8,000.
Lab-Grown Diamonds: These are available in any size, with our average sizes from 1.5 to 3 carats, 2 carats being the most popular. As of the time of writing, a 2-carat lab-grown diamond is priced around $4,000 to $4,500.
Shopping Together
At Croft & Stern, it’s common for couples to shop together. Many couples prefer to select the diamond together, narrow down their options, and go through the customization process, including renderings and 3D prints. The final pickup is often kept as a surprise.
Temporary Rings
For those who prefer an element of surprise, there is an option to purchase a basic $500 14k solitaire in white, yellow, or rose gold. After the proposal, the newly engaged couple can decide to upgrade the ring setting. The initial $500 can be traded in toward the new design.
Key Information Needed
To get started, you'll need to know:
Metal Color: What color metal do they prefer (white, yellow, or rose gold)?
Finger Size: What is their ring size or at least a general guess?
Gemstone Shape and Type: What shape and type of gemstone do they want (e.g., round, princess, emerald)?
Many people gather this information from friends, family, or even Pinterest to ensure they make the perfect choice.
The Customization Process
Initial Meeting: Schedule a time to discuss your design ideas and goals with the team at Croft & Stern.
Design Phase: Your designer will create sketches or source diamonds for you to view.
Selection and Down Payment: Once a design plan and a diamond are selected, a 50% down payment (or financing plan) is required to move into production.
Production: During this phase, you will see digital renderings and 3D prints. The final 3D print is used for approval before the ring is crafted in metal.
Timeline: The entire process typically takes 4-6 weeks but can vary.
Conclusion
It’s important to dispel outdated notions and focus on what truly matters when purchasing an engagement ring. With the right guidance and a clear understanding of personal preferences and budget, we know you will be able to successfully navigate this significant purchase. We are honored to be considered to guide you on this journey.
For more answers, visit our Custom Order FAQ page.
