Engagement rings have a lot of social and emotional value. So Why Are Engagement Rings So Expensive? No matter if you're on a tight budget or shopping in the first place, this guide will explain the major reasons for the high cost and how you can make better choices without damaging the value.
The Expensive Cost of Gemstone & Metal Materials
Rarity & Diamonds
-
Diamonds from natural sources can be costly due to the strict regulation of supply chains, stringent quality standards, and manufactured shortages imposed by leading industry players.
-
The four Cs determine the price. Prices can rise dramatically when you purchase larger and more expensive stones.
Precious Metals
-
Gold or platinum are commonly used for engagement rings. Because these precious metals are more costly overall, the cost goes up.
To accentuate your style, adorn yourself with our magnificent diamond earrings, which contain grown lab diamonds that will shine endlessly in any setting.
Labor, Design & Industry Mark-up
-
The process of making a ring requires skilled jewelers and polishers who cut stones and verify their authenticity, and designers who create detailed settings.
-
Many retailers apply multi-fold markups - particularly major brands and high-street stores - adding to the premium price tag.
To complete your outfit fill it with a magnificent diamond necklace by Bliss Diamonds which will make you very elegant and sparkling.
Market Forces and Branding Influence
-
The diamond industry continues to benefit from marketing campaigns, such as the old "three-month wage rule," which continue to raise consumers' expectations and drive demand.
-
Diamonds have always been promoted as the ultimate symbol of love, exaggerating the value beyond what they are actually price.
Find our beautiful range of wedding rings designed to suit the needs of every groom as they embark on the journey of forever in a meticulous way.
Alternatives: Lab-Grown Diamonds & Gemstones
-
Lab-grown diamonds are 30 % less expensive than comparable mined diamonds. They are not a source of ethical or environmental issues, but they usually have lower resale values.
Emotional & Symbolic Value Beyond Price
-
Engagement rings can be used as heirlooms of emotion, symbols of a lifetime commitment and a symbol of status, making prices only a part of the equation for value.
-
In certain societies, rings have also historically provided protection against financial loss (e.g., the law governing breach of promise).
Commemorate your union with our hand-selected wedding bands, which always have a versatile selection to fit the love story of every couple.
The Bottom Line
Have you ever wondered, "Why Are Engagement Rings So Expensive?" Production, supplies, marketing, and emotional value are all part of the answer. High-end rings are available at a lower cost, especially when custom-designed, lab-grown options and budget-friendly options are considered.
Choose a ring that means something, emotionally and financially. The band's sparkle should complement your relationship, not hinder your future! Feel free to adore the rich beauty of our Solitaire Bliss collection, which comfortably combines old and new, combining classic single-stone designs!