Buying an Engagement Ring 101: Everything You Need to Know

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The engagement ring is, arguably, one of the most important things you’ll ever buy, so you want to make sure you get it right. Between the high costs, complicated traditions and many other considerations, the ring-shopping process can be extremely stressful for first-timers. Understandably, you’ve probably got a long list of questions. But, not to worry, because we’ve got answers! Read on to learn everything there is to know about buying an engagement ring with confidence.

How Much to Spend

First up: The question on all of our minds is “How much to spend on an engagement ring?” There’s a ton of misconceptions floating around out there about this topic, and there’s only one right answer: Whatever you’re comfortable with. Contrary to popular belief, you do not have to shell out multiple months of pay on a ring. In fact, doing so might even be bad for your marriage. According to one study, couples who spend more on engagement rings actually have a higher rate of divorce. Just sayin’!

With that being said, if you do decide to go for an expensive ring, that’s perfectly fine. Just make sure you buy through a reputable dealer and have it insured right away. Also, remember that fine jewelry does have a tendency to depreciate drastically in value, so you probably won’t recoup your whole investment if you go to sell. On top of that, custom and one-of-a-kind designs often can’t be returned. The takeaway here is to make absolutely sure your partner will love the ring you choose before sinking thousands into its purchase.

How Much Should You Spend on an Engagement Ring?

Setting Your Engagement Ring Budget

When it comes to creating an engagement ring budget, focus on what feels right for your financial situation. Skip the outdated "three months' salary" rule and instead consider these practical factors:

• Your current savings and monthly income

• Upcoming expenses like rent, bills, and other financial commitments

• Future wedding costs you'll need to cover

• Any existing debts or financial goals

Remember, love has no price tag. A beautiful, high-quality ring doesn't have to cost a fortune. At Modern Gents, we believe in valuing experiences over material items. Society may have programmed us to spend big on all things wedding-related, but you shouldn't have to spend a ton of money on a symbol of love.

Are Cheap Engagement Rings of Low Quality?

If you opt to go the sensible route and buy a reasonable engagement ring over a savings-draining one, does that mean it will be of low quality? Definitely not! Make sure to look for a few markers of high quality, though, because not all rings are created equal. To ensure that you get a high-quality yet well-priced piece of jewelry, buy something made with premium sterling silver with a rhodium plating. These materials last forever and — bonus points — they won’t turn your partner’s finger green.

Are Cheap Engagement Rings Bad? We Set the Record Straight

Understanding Diamond Alternatives

You don't need a traditional stone to create a stunning engagement ring. Diamond alternatives offer incredible beauty, durability, and value, perfect for couples who want to invest in their future together rather than overspend on a single piece of jewelry.

Popular diamond alternatives include:

• Moissanite: Brilliant sparkle with exceptional fire and durability

• Cubic Zirconia: Affordable option with beautiful clarity

• Lab-Created Stones: Conflict-free with identical properties to mined stones

• White Sapphire: Classic look with excellent hardness

At Modern Gents, we specialize in conflict-free alternative stones that deliver the same stunning look without the hefty price tag or ethical concerns. Our hand-crafted rings prove that you can have both quality and affordability.

Understanding the 4 Cs of Diamonds

If you're considering a traditional stone or want to understand quality markers for any stone type, familiarize yourself with the 4 Cs:

• Cut: Determines how well the stone reflects light and sparkles

• Color: Ranges from colorless to yellow or brown tones

• Clarity: Refers to internal flaws or inclusions

• Carat: The weight and size of the stone

While these factors traditionally apply to natural stones, they're also helpful when evaluating diamond alternatives. The good news? With conflict-free alternative stones, you can maximize size and sparkle without breaking your engagement ring budget.

Who Should Pick It Out?

Proposers ask us this question all the time and, since every couple is different, there’s no straight answer. But it’s crucial that your recipient likes the ring enough to wear it every day for the rest of their life, so it’s probably a good idea to go into ring shopping with a pretty solid idea of your partner’s tastes. Whether you get your intel from their Pinterest account, their close friends or directly from the source doesn’t matter, as long as it represents your recipient and your love for each other.

What About Sizing?

Sizing an engagement ring can be a bit tough since many people like to preserve some element of surprise for their partner. Luckily, there are some easy ways to secretly figure out the ring size of your future spouse, ranging from borrowing one of their rings and having it measured to asking a close friend or family member to do some digging. Your best bet, though, is to buy from a ring supplier that offers free, easy exchanges and sizing. 

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Buying Engagement Rings Online

Contrary to popular belief, you don’t have to step foot in a jewelry store to find an engagement ring worthy of your future proposal. In fact, there are plenty of reputable online engagement ring stores where you’ll find gorgeous, affordable options that meet your needs. Just make sure to look for one that has good reviews — ahem, Modern Gents — and is known for producing high-quality yet affordable engagement rings. Oh, and free, easy returns are a must!

Tips for Buying Your Engagement Ring Online

Your Engagement Ring Buying Guide Checklist

Ready to start shopping? Use this engagement ring checklist to stay organized and confident throughout the process:

• Determine your engagement ring budget based on your financial situation

• Research your partner's style preferences (metal color, stone shape, setting style)

• Learn about the 4 Cs and how they apply to your chosen stone type

• Explore diamond alternatives for better value and conflict-free options

• Find out your partner's ring size discreetly

• Read reviews and verify the jeweler's reputation

• Confirm return and exchange policies

• Check for warranties and guarantees

• Review shipping times and costs

• Verify the ring's materials and certifications

This comprehensive approach to choosing an engagement ring ensures you'll make a confident, informed decision that your partner will love without the stress or overspending.

Make It Easy with Modern Gents

The best route to take when buying an engagement ring is to find a ring supplier you trust. At Modern Gents, we’re proud to offer a huge selection of stunning rings your recipient will adore, all at a great price with free shipping, easy returns and a lifetime warranty. What could be better? Shop our entire selection of engagement rings to find a sparkler that speaks to you!

Our rings are hand-crafted with the highest quality materials, featuring conflict-free alternative stones that deliver incredible sparkle and beauty. Plus, they're guaranteed not to rust or turn your finger green. With our 8-year warranty and easy returns within 30 days, you can shop with complete confidence.

Find an Affordable Engagement Ring Your Partner Will Love!