• Last Updated:
  • Apr 10th, 2009 2:51 pm
[OP]
Newbie
Mar 31, 2008
45 posts
25 upvotes
Toronto

Engagement Ring?

Hi!
I am just wondering if anybody has any advice as to where to get an engagement ring. I am new at this and sort of on a budget (~2500 CAD) so any advice will be greatly appreciated. :-0
37 replies
Deal Addict
User avatar
May 29, 2005
3846 posts
79 upvotes
Hamilton
try the pawn brokers...great bargins & unique stuff.
Deal Addict
User avatar
Mar 15, 2005
1037 posts
2 upvotes
Pickering
Go to Twain Designs. They custom design to fit in your budget. My ring turned out absolutely perfect, and it cost my fiance 2/5 of the cost that it was valued at.
Deal Addict
Nov 29, 2005
1191 posts
22 upvotes
Try Costco store or online...I was impressed with what they had for a great price.
Deal Addict
User avatar
Jul 5, 2003
1093 posts
31 upvotes
Read this thead - http://www.redflagdeals.com/forums/show ... ement+ring

Are you open to used rings or strictly new?

If used, try some consignment shops with a great rep (ex. www.signedpieces.com) or perhaps the auction houses in Canada. There are some pretty good deals on eBay as well. Don't go by the appraised value - many appraisers give a crazy inflated feel good price - a price that no one actually pays in reality.

Some ebay options. Offer at least 20% less than the price now.
http://cgi.ebay.com/Tiffany-Co-Diamond- ... 0346385001
http://cgi.ebay.com/Tiffany-Co-Diamond- ... 0359647914
http://cgi.ebay.com/TIFFANY-CO-PLATINUM ... 0154788229

If new, try some of the online vendors.
http://www.usacerteddiamonds.com in Canada
http://www.bluenile.ca in Canada (although their prices are a little higher and they are a drop shipper)
http://www.jamesallen.com in US

There are aslo some excellent vendors at Dundas Square but you need to know who to go to. My friends have recommended Central Diamonds (416-866-8111).

Assuming you want a round brillant, I would aim for a G-H and SI1 for the best bang for your buck. You will be able to get something in the 0.6 to 0.7 ct range if size matters to you. If size doesn't matter, you can go up in clarity and colour but most people feel that G and H are just as white. SI1 as long as eye clean won't be any different from VS2 and up by just viewing without a loupe.

Ideal Round Specs
Depth: 60% - 62%
Table: 54% - 57%
Crown Angle: 34 - 35
Pavillion Angle: 40.5 - 40.9
Girdle: Avoid extremes such as thin to extremely thick

These should be pretty nice stones but make sure they are eye clean (can't see inclusions with the naked eye).
http://www.bluenile.ca/round-diamond-1- ... ilter_id=0
http://www.bluenile.ca/round-diamond-1- ... ilter_id=0
Jr. Member
Dec 13, 2004
152 posts
My friend recommended a place in downtown Markham. Can't remember the name though. Got a good deal. Poured my money into the quality cause a large stone didn't look good on her finger. Ended up getting a little over 0.5 kt, but a VVS-1 and excellent cut.
[OP]
Newbie
Mar 31, 2008
45 posts
25 upvotes
Toronto
Thank you for all the replies. I think she would prefer a new ring so I am thinking of stores with good rep and reasonable prices. For example, I hear Spence Diamonds on the radio a lot but read somewhere that they over charge. Anyway, another place that I am looking at is diamond wholesaler (if such a thing exist... :confused: )
Again, any suggestions/advices would be greatly appreciated.
Deal Expert
Aug 2, 2004
21451 posts
1511 upvotes
Aurora
Get the diamond seperately.

The cheapest place to get a diamond is Blue Nile

http://www.bluenile.ca/

Make sure you get the certificate with any diamond you buy.

Once you have the diamond, go to a jeweler to get the ring and the setting done. This way you will have the warranty.

If your budget is $2500, don't expect too much. Quarter karat to half karate depending on the colour, clairity etc.

Reserve $800 - $1000 for the setting and the ring itself. Depending on what you want. Probably gold with your budget.
Deal Addict
User avatar
Nov 9, 2007
3815 posts
289 upvotes
Toronto
DH just bought me a Past, Present, Future ring from Peoples Jewellers yesterday on our 8 year anniversary. The stores have a 30% of a nice selection of rings so might be worth visiting them.

Here's the one I picked out...It's 1 ct for $2500.

Image

Image
Member
User avatar
Apr 30, 2008
426 posts
14 upvotes
Toronto
Ustilago wrote:
Jan 21st, 2009 3:40 am
Thank you for all the replies. I think she would prefer a new ring so I am thinking of stores with good rep and reasonable prices. For example, I hear Spence Diamonds on the radio a lot but read somewhere that they over charge. Anyway, another place that I am looking at is diamond wholesaler (if such a thing exist... :confused: )
Again, any suggestions/advices would be greatly appreciated.

Spence is overcharging when you consider the fact that all their in store items are not real diamonds but CZ, mounted in base metals. It costs them very little and when they order a diamond for you, it's no different than using an online store or a wholesaler (yes, they exist, I'm actually one of them).

Blue Nile is not bad, but they are definitely not the cheapest. Retail prices of diamonds I sell end up being less than Blue Nile prices pretty much every time, and that includes GIA reports, so no question about a diamond's quality. So you can get better deals locally than online, for sure ;) .

Buying a used ring may not be a very bad idea if you spend a little extra on a nice ring box and have the ring polished before giving it to your girlfriend.

Buying a diamond separately may be a good idea as it lets you have a ring that fits you perfectly. For your information, simple 14K gold solitaire should not cost more than $400, but custom designs can easily go way over $1000.
[OP]
Newbie
Mar 31, 2008
45 posts
25 upvotes
Toronto
Thank you very much for everyone's responses.

dog_mumu: Hi! I am just wondering where can I find a local reputable diamond wholesaler that is willing to "deal" with me. ;) Thank you very much for any information in advance!
× < >

Top