Make us your home page
Instagram

Daily Q&A: How can I find the right engagement ring diamond when money's tight?

How can I find the right engagement ring diamond when money's tight?

Isaac Gottesman, owner of the renowned Chicago jeweler Dimend SCAASI says there are things to keep in mind as you choose your ring in a tight economy.

"While the recession has affected a lot of businesses, luckily for me, couples continue to fall in love and want to get married," Gottesman says.

Here's what Gottesman suggests:

• Quality over quantity. While you may be inclined to go for a bigger diamond with more imperfections simply for the size, focus on a higher cut quality and grade over size. Make sure to get an objective third-party grade level of the ring from the Gemological Institute of America or American Gem Society Laboratories. Also, be sure that your gemologist shows you the different scopes of the diamond so you are aware of all imperfections and cut quality.

• Stay on budget. Most importantly, don't shop for rings outside your budget. Stick to a set range that you can afford on a ring, and look to jewelers that tell you the price up front.

• Save on the setting. An easy way to save is to choose white gold instead of platinum. Platinum bands are approximately $300 or more expensive than other metal alternatives.

• Make family heirlooms your own. While you can save on setting, it can also be an easy way to take advantage of a family diamond. If a family stone has been made into a pendant or used in another ring, incorporating the diamond in a newly designed setting can make something old, something new!

• Incorporate colors. Alternative engagement rings are becoming a hot new trend in engagement rings. By incorporating the most vibrant gemstones nature has to offer, engagement rings with rubies, sapphires, emeralds and more can be a way to save and also create not only a timeless ring, but a conversation piece as well.

Question for the Consumer's Edge? Send it to ipenn@sptimes.com or twitter.com/consumers_edge. Questions are answered only in this daily feature.

Daily Q&A: How can I find the right engagement ring diamond when money's tight? 08/12/10 [Last modified: Thursday, August 12, 2010 2:00pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. For Gov. Rick Scott, 'fighting' could mean vetoing entire state budget

    State Roundup

    Every day, Gov. Rick Scott is getting a lot of advice.

    The last time a Florida governor vetoed the education portion of the state budget was in 1983. Gov. Bob Graham blasted fellow Democrats for their “willing acceptance of mediocrity.”
  2. Potential new laws further curb Floridians' right to government in the Sunshine

    State Roundup

    TALLAHASSEE — From temporarily shielding the identities of murder witnesses to permanently sealing millions of criminal and arrest records, state lawmakers did more this spring than they have in all but one of the past 22 years to chip away at Floridians' constitutional guarantees to access government records and …

    The Legislature passed 17 new exemptions to the Sunshine Law, according to a tally by the First Amendment Foundation.
  3. Data breach exposes 469 Social Security numbers, thousands of concealed weapons holders

    Corporate

    Social Security numbers for up to 469 people and information about thousands of concealed weapons holders were exposed in a data breach at Florida the Department of Agriculture and Consumer Services. The breach, which the agency believes happened about two weeks ago, occurred in an online payments system, spokesperson …

    Commissioner of Agriculture Adam Putnam on Monday that nearly 500 people may have had their Social Security numbers obtained in a data breach in his office.
[Times file photo]

  4. Trigaux: Can Duke Energy Florida's new chief grow a business when customers use less power?

    Energy

    Let's hope Harry Sideris has a bit of Harry Houdini in him.

    Duke Energy Florida president Harry Sideris laid out his prioriities for the power company ranging from improved customer service to the use of more large-scale solar farms to provide electricity. And he acknowledged a critical challenge: People are using less electricity these days. [SCOTT KEELER   |   Times]
  5. Citigroup agrees to pay nearly $100 million fine for Mexican subsidiary

    Banking

    NEW YORK — Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering.

    Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering. 
[Associated Press file photo]