It’s officially engagement season which means it’s time to find your partner the perfect ring! When Midtown Chap proposed last year with a gorgeous custom diamond ring, many of you dahlings wanted tips on purchasing a custom engagement ring in Midtown’s Diamond District.
The Diamond District in NYC (located at 47th St., b/w 5th & 6th Aves) can be an intimidating & overwhelming experience. (Like walking into a 1st floor store and getting asked “how much do you love your girlfriend?” Yes, this happened). Here are some tips and guidelines when buying a custom engagement ring…
- Know what your budget is before you start ring shopping. Creating an elaborate design, choosing a precious metal for the setting and adding halo/side stones will increase your final ring price. But if you stick with your budget, you will save yourself from buyer’s remorse & get closer to purchasing that dream ring.
- Brush up on your diamond C’s. The 4 C’s of Diamonds are cut, color, clarity & carat are the most important factors when choosing a diamond. Make sure you know what each one means and where each C is in of order of importance to you when it comes to your budget.
- Decide which diamond shape you want. Just like in fashion, diamonds have trends too. For example, cushion cut is one of the more popular shapes, so if you compare the same 4 C’s of this shape with a less popular shape, you will notice a significant difference in price. A less popular shape does not mean it’s less fabulush, it’s just different.
- Purchase the center diamond separately from the ring setting from an authorized diamond dealer. Loose diamonds are often sold at lower rates, which means you may be getting more for your money. Find an authorized diamond dealer and make sure the diamonds they sell come with a Gemological Institute of America (GIA) diamond grading report. This report is also necessary when you get your custom ring appraised & insured.
- Have the diamond appraised by a certified gem appraiser before getting the ring setting designed. The certified diamond appraiser needs to see the entire diamond before it gets set in the ring to give an accurate appraisal.
- Find a custom jewelry designer who specializes in fine jewelry. Fine jewelers design more than just rings, which means they are accustomed to designing a wider variety of settings beyond that of traditional engagement rings. Check out their portfolio of work including designs for all of their jewelry, not just rings. Remember, a custom ring should represent more than just diamonds, it should reflect your partner’s personality & taste.
- At your first meeting with the designer, bring the loose diamond & a few design options that inspire you. At your initial meeting with the jewelry designer, he/she will ask you what kind of design you want. Show your diamond and the designs that you like and then discuss what you are looking for when it comes to shape & look. A talented jewelry designer will sketch designs based on what will work around the loose diamond you purchased and what he/she thinks you will adore (not just replicate the designs you showed him/her). The jeweler should then send you a few design ideas (via email) so you can decide which one you want.
- Have the entire ring appraised. Once your ring is made & your proposal a success (yay!), take the ring back to the certified gem appraiser you used from the loose diamond appraisal and have the final appraisal done.
- Have your engagement ring insured. You may be able to add ring insurance to your current renter/home owner insurance policy or get a stand-alone policy for the ring.
Most importantly, congrats & enjoy your engagement experience dahlings! For more inspiration, check out MG Wedding board.
This post was written by the editorial team at Midtown Girl. The editors have not been influenced/sponsored by advertisers in any way in the creation of this content.