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Tips to Reduce the Cost of Your Engagement Ring

diamond engagement ring, engagement ring, engagement ring buying guide, engagement ring cost, types of engagement rings
Tips to Reduce the Cost of Your Engagement Ring

A marriage proposal deserves a ring that’s worthy of your bride-to-be. But how do you balance your desire for perfection with your need to stay within a budget? Read on to learn how to save money on an engagement ring without compromising your vision for that magical moment.

Set a Budget for Your Engagement Ring

Setting a budget for your engagement ring is a crucial step in the journey toward your dream proposal. By establishing a financial limit, you can avoid overspending and reduce the stress associated with the ring-shopping process. A well-planned budget also helps you make informed decisions and ensures that you won’t jeopardize your future financial stability. The engagement ring should be a symbol of love and commitment, not a source of financial strain

When buying your engagement ring, determine a realistic budget. Begin by evaluating your current financial situation. Take into account your savings, monthly expenses, and any outstanding debt.

It’s important to establish a comfortable spending limit that won’t hinder your ability to fulfill other financial obligations or future goals, such as buying a home or planning a wedding. Some recommend following the "two months' salary" rule, but this guideline may not suit everyone's financial situation. Instead, focus on what feels right for you and your partner.

Remember that having a budget allows you to narrow down your choices, saving you time and energy while ensuring that you make a well-informed decision that aligns with your financial goals.

Consider Alternative Gemstones and Metals

These days, it’s not uncommon for couples to embrace diamond alternatives for their engagement rings. Choosing alternative gemstones and metals for engagement rings can offer substantial cost savings without sacrificing beauty or uniqueness. Gemstones such as morganite and white sapphires are stunning alternatives to the classic diamond and can be more affordable while still providing a dazzling appearance. Radiating vibrant color, gemstone engagement rings are another option that can be beautiful and cost-friendly.

When it comes to metal options, you can consider alternatives to traditional choices like 18k gold. Metals such as 14k gold and sterling silver are not only more affordable but also offer unique and stylish appearances. Renowned jewelry designer John Atencio has been a pioneer in incorporating alternative gemstones and metals into his stunning engagement ring designs. His expertise in crafting exquisite rings using these affordable and unique materials allows couples to enjoy a luxurious ring without breaking the bank.

Consider Lab-Created Gemstones

Not sure how to buy an affordable engagement ring? Lab-grown diamonds offer significant cost savings compared to their natural counterparts, without compromising on beauty and quality. These diamonds are grown in controlled laboratory environments, utilizing advanced technology that replicates the high-pressure, high-temperature conditions under which natural diamonds form.

This process not only results in a more affordable product but also ensures a more sustainable and eco-friendly alternative to mining. Since lab diamonds possess the same chemical, physical and optical properties as natural diamonds, they are indistinguishable from natural diamonds, offering customers a dazzling and budget-friendly option.

John Atencio is an expert in crafting exquisite pieces with lab-created diamonds. His extensive experience and keen eye for detail ensure that each creation is breathtaking and unique. By embracing lab diamonds, John demonstrates his commitment to offering clients stunning, high-quality jewelry that is both ethically sourced and affordable. This allows customers to enjoy the allure and elegance of diamond jewelry without overextending their budgets or contributing to the environmental impact associated with some types of traditional diamond mining

Repurpose Family Heirlooms or Vintage Gemstones

If you’re looking to save money on a ring, you can always repurpose your existing gemstones. Repurposing a family heirloom or vintage gemstones for an engagement ring can hold immense sentimental value. By integrating the history and memories associated with these cherished pieces into a new piece of jewelry, you can create a bond that spans generations. This tangible connection not only honors the family's heritage but also imbues the ring with a personal story that makes it all the more meaningful.

In addition to the emotional significance, repurposing gemstones can lead to considerable cost savings, since the materials used in the new piece are already in hand, allowing for more focus on the design and craftsmanship.

When considering repurposing a gemstone, working with a reputable jeweler like John Atencio ensures that the transformation is handled with the utmost care and expertise. Atencio is renowned for his ability to incorporate vintage gemstones into unique, personalized engagement rings that celebrate the beauty and history of each stone.

To achieve the perfect design, you can communicate your vision and any special requirements or preferences to John’s team during the consultation process. They will then work closely with you to create a design that showcases the gemstone while incorporating elements that reflect your individual style and the legacy of the original piece. By entrusting your heirloom to an experienced and talented jeweler like John Atencio, you can ensure that your repurposed engagement ring will be a symbol of love and tradition for years to come.

Choose a Simple and Timeless Design

Choosing a simple and timeless design for your perfect engagement ring can lead to significant cost savings without sacrificing beauty or elegance. In many cases, a classic solitaire or simpler setting can be less expensive, since side diamonds and large halos add to the cost. Take, for instance, these gorgeous examples from John’s Tribute, Intrinsic, Essence, and Starburst collections. Each showcases a stunning single diamond gemstone without significant luxe diamond accents that can increase the total price.


affordable engagement rings


Classic designs often feature less intricate details and fewer stones, which can reduce the overall cost. Another example is a three-stone ring, which symbolizes a couple's past, present, and future. These designs are not only stunning but also versatile, as they can easily be paired with various wedding bands and will never go out of style. By selecting a simple, classic design, you are investing in a piece that will maintain its elegance and value over time.

John Atencio is an expert in designing engagement rings with timeless designs that are both affordable and breathtaking. The master artisan’s five decades of experience inform his commitment to craftsmanship, quality, and enduring style. His expertise in combining minimalist designs with exceptional materials results in rings that are cost-friendly and visually striking.

Avoid High-Interest Rates

One quick and easy way to get the ring of your dreams is to finance the piece and pay it off over time. Unfortunately, many financing options come with high-interest rates that can make the ring much more expensive in the long run. 

But is it possible to finance a ring without paying high interest? John Atencio has partnered with Affirm and Wells Fargo to make this seemingly impossible notion of purchasing a ring a beautiful reality. 

To ensure that all of his customers have the ability to enjoy his one-of-a-kind ring designs, John provides two financing options at his Colorado stores. The first is provided by Affirm, and the second is offered by Wells Fargo. Both loan providers have strong standings in the local communities and well-earned reputations for offering flexible, affordable financing to millions of customers all over the country. 

A convenient financing alternative to credit cards and other types of credit-payment products, Affirm and Wells Fargo offer instant financing for any online John Atencio purchases, with fixed monthly installments over 3, 6 or 12 months. Best of all, no interest is charged if you pay off the purchase balance within the promotional 12-month period.

The Ring of Your Dreams Today

The love of your life shouldn’t have to settle for a ring that isn’t worthy of the moment. With affordable financing options from John Atencio, you can give her a ring she will be proud of.

A living legend in the jewelry industry, John offers striking engagement rings for your bride-to-be. Browse online or visit any John Atencio jewelry store, where our attentive experts can help you find the perfect ring for your beautiful love story.