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7 Tips for Saving Money on Diamonds

Buy smart!

While a token of love is priceless, an engagement ring has a certain cost and a specific price. Many months of hard work are necessary for one to be able to enjoy this favor. Who would not like to save some money on this decisive purchase? At Woodeex, we are convinced that you can spend less for a better diamond and we will explain how.

Say yes to Decimals

Often when buying diamonds, people tend to pay much more, by paying for the round figures of the diamonds’ carat weight. Buy a 0.90 or 1.80 carat diamond rather than a 1 or 2 carat diamond and see the price difference! The size, on the other hand, will hardly vary!

Consider fancy shapes

Fancy shapes such as princess, pear, emerald, cushion, oval or heart are less expensive than a round cut of the same carat weight and quality, which sometimes even appear larger.

Color Indice

The visible difference between each color grade, from F to G or from H to I, for example, is very minor and difficult to detect with the naked eye, but it can result in significant savings.

The issue of clarity

Make some compromises on clarity: look for an "eye clean" diamond rather than a "flawless" diamond. Most imperfections are impossible to see without a magnifying glass. Consider a clarity grade, such as "SI", to stay within your budget. 

Go for fluorescence

Favoring a fluorescence grade for your diamond can offer good value for money at a significant discount. It will be impossible to distinguish with the naked eye whether a diamond has fluorescence or not. In some cases, fluorescence can even enhance the color to the naked eye, thus increasing the beauty of the diamond.

Let yourself be tempted by the solitaire pave and the halo

If your budget is more in line with a small diamond, choosing a diamond pave and/or halo setting is a great way to make the stone look bigger. This ring of diamonds surrounding the center solitaire gives it a larger, more prestigious look as well.

Buy your diamonds online

We all know that buying jewelry online saves money. As long as you are buying from a professional, and you have the diamond certification and the necessary paperwork, including the invoice, buying online offers unique opportunities. At Woodeex, the difference is even more pronounced because you get access to the first step in the diamond value chain; that of the global diamond exchanges.