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Buying an engagement ring isn’t something to be taken lightly.
Wedding and engagement jewellery has a lot of sentimental value, and it isn’t uncommon for an engagement ring or wedding band to be passed down from generation to generation. But choosing your ring doesn’t have to be a stressful experience — with the right advice and a clear idea of what you’re looking for, finding your partner’s ring is easy.
Before you can even start thinking about a budget or your choice of jeweller, the first thing to bear in mind is your partner’s style. There’s no point buying the most expensive ring you can if she doesn’t like it. After all, an engagement ring is something she’ll be wearing for the rest of her life, so make sure it’s something she’ll be proud of.
If you’re totally lost, it’s a good idea to look at the kind of jewellery your partner already wears. Does she prefer simple, understated jewellery or bold, flashy pieces? Would she want a diamond that fits into the palm of her hand, or would a classic gold band do?
We’ve all heard the old saying about spending no less than three months’ salary on an engagement ring, but that’s not a sensible rule of thumb to use. Make sure you’re considering all the important factors — if you’re worried about debt or financial security, three months’ salary might not be a feasible option. There’s research that suggests spending too much on an engagement ring results in higher rates of divorce due to wedding-related debt stress, but the same research shows a similar risk when spending too little. The answer: it’s all about finding the right balance.
If you’re still uncertain that you’ll make the right decision, remember you can always phone a friend. Why not take one of your partner’s friends to guide you in your purchase. They might have some inside information that could help you decide on the right ring.
Lastly, it’s becoming increasingly common for couples to shop for engagement rings together — as many as 62% of engaged couples do, according to research. However, it’s not everybody’s cup of tea. Make sure to ask your partner if she’d prefer to be surprised, or if she’d like to choose her ring together with you.
Whether you spend three months’ salary or one, an engagement ring is always an expensive purchase — even more so when you consider the sentimental value. It’s important to be sure you’re covering your purchase with the best insurance possible. Q Report’s specialised jewellery insurance policies give you the peace of mind that your valuables are safe in any disaster, and if you shop at one of our Q Certified jewellers, your purchase will be covered from the moment you pay for it.
Want to find out more about insuring your engagement ring or other valuable jewellery? Take our free jewellery insurance quote bloghere to see what your options are.
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