Perhaps your taste has evolved and a fashionable marquise stone is no more appealing; however, a more classic cut is. Or maybe you and your spouse have more money in your bank account than when you initially got married. Whatever your motivation for wanting to improve your engagement ring, it may be a difficult sector to navigate.
How do you know what you want with a new ring? Here are some things to consider before you upgrade the diamond of your engagement ring.
Your Style
With so many possibilities, it can be tough to pick just one. Use it as your guide if you’re replacing your ring because something about it doesn’t suit your personality. If you want to be a little more fashionable, exchange a solid ring for a pavéd one, or a round stone for an oval cut. If you’re upgrading because you have a higher budget, you may want to stick to a comparable style and just go with a bigger carat diamond.
Budget
What is your budget for the finished product? Consider your preferences for setting and diamond so that your budget can be broken down and appropriately allocated. A typical setting will cost between $600 and $4,000, depending on the overall carat weight of the diamonds and the metal utilized, with the remaining funds going to the star—your center diamond. Another excellent choice is to sell the diamonds to a trustworthy company with excellent trade programs.
An Appraisal
Your current ring should be assessed by a respectable and competent buyer. This will help you receive the most money for your new ring. If you’re keeping certain elements of the ring and selling others, have the components you won’t be using appraised since the proceeds from selling them can go toward funding your new piece. An appraisal doesn’t take long—with a photo and a few questions, an appraiser may swiftly establish the value of a ring.
Exchange It For A Lab-Grown Diamond
A lot of couples these days feel that they should consider an ethical and conflict-free diamond. A small portion of the diamonds available in the market are blood diamonds and when you buy diamond jewelry, you need to make sure that it is coming from a legitimate source. If you are upgrading your diamond, try to exchange it with a lab-grown diamond. It is identical to mined diamonds and most importantly conflict-free.