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Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Jewellery, engagement ring & watch advice, plus insurance tips & industry insights. 

Watch expert tips, discover insurance benefits & hear real customer stories. 

Find answers to common questions about jewellery, engagement ring & watch insurance. 

Click here to access important policy documents - Product Disclosure Statement, Financial Services Guide, and Policy Wording.

Click here to access the Target Market Determination (TMD) document.

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6 Do’s and Don’ts for Buying an Engagement Ring

Q Report Team

Updated on March 24, 2025
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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.

Here are six do’s and don’ts to make shopping for your engagement ring an enjoyable experience.

Be mindful of your partner’s sense of style

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.

Think about the kind of jewellery your partner likes to wear

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?

An engagement ring is one of the most important purchases you’ll ever make. Are you giving it the thought it deserves?

Set a price to narrow your options

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.

Take a friend of your partner for some inside info

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.

There’s nothing wrong with shopping for a ring together

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.

 

There’s a lot to consider when buying an engagement ring for your partner.

Consider your insurance options

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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Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK
Related Posts
Featured Posts
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Jewellery Insurance

Instant Quote
play-audio
Listen to article
/

 

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.

Here are six do’s and don’ts to make shopping for your engagement ring an enjoyable experience.

Be mindful of your partner’s sense of style

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.

Think about the kind of jewellery your partner likes to wear

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?

An engagement ring is one of the most important purchases you’ll ever make. Are you giving it the thought it deserves?

Set a price to narrow your options

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.

Take a friend of your partner for some inside info

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.

There’s nothing wrong with shopping for a ring together

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.

 

There’s a lot to consider when buying an engagement ring for your partner.

Consider your insurance options

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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Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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