How much are Wholesale Engagement Rings in South Lake

Giving your significant other a diamond engagement ring is one of the countless wedding traditions that couples are either pressured to abide by or just their dream because it is the “proper etiquette” when you plan on marrying your partner. These are just some of the norms that we have now, and there is the outdated “three-month rule” when it comes to how much you should spend on an engagement ring. There are a lot of wholesale engagement rings in South Lake that you could choose from, but, how much are wholesale engagement rings in South Lake?

How much do wholesale diamonds cost?

There are a ton of factors that are in place to properly determine the price of a diamond, these include the famous 4 Cs – Carat weight, color, clarity, and the cut. Other things like polish, symmetry, shape, and fluorescence are also taken into consideration. But wholesale diamonds are priced per unit of weight mainly.

Weight Range Average Price per Carat

Less than 0.5 ct $2,311

0.51 to 0.99 ct $3,710

1.00 to 1.49 ct $6,288

1.50 to 1.99 ct $8,059

2.00 to 2.99 ct $10,775

3.00 to 3.99 ct $14,861

4.00 to 4.99 ct $17,822

5.00 ct or more $25,291

The Diamond Price Index is there to represent the pricing trend for diamonds currently in the market and they take into account the average retail prove that is sold per carat of loose diamonds from all of the jewelers around the web. All of these prices are calculated for groups of weight ranges, color, and clarity, and the chart above summarizes the carat weight ranges only.

What’s an appropriate amount to spend on an engagement ring?

There are currently 3 current and outdated ring budget theories that are popular in our time today:

2-month salary

This theory would probably be the most popular for calculating how much to spend for an engagement ring, including the one and three-month salary systems. The Thai system was started by De Beers and has become unpopular after people realized that they owned most of the diamonds.

This system says that if you are making $60,000 a year, then according to the one-month system, your budget would have to be $5,000, $10,000 according to the 2-month system, and your $15,000 according to the 3-month system.

After so many years, the 2-month salary system has become almost a tradition and this system is very simple to calculate but it is too simple for the modern era since the lifestyle choices, expenses, and possible debt is not part of the budgeting plan which is why people stopped using this.

Average cost

The average cost for an engagement ring in 2021 is over $5,000. We believe that you should not go into debt to pay off your engagement ring, your financial means should determine your budget rather than a worldwide average since we all have different financial situations.

Basing your budget off of the national average cost would make you both feel like you paid a fair and average amount for the engagement ring and it is an extremely simple system, but most people fall below or far above the average so limiting the budget to a national average is not the best idea.

Average diamond size

Some people prefer to calculate their budget on the size of the center diamond, and in the United States, the average diamond size is 1.10 carats.

It is easier to control the budget while remaining within your budget bracket when you choose to base your budget off of the average diamond size, but this system may leave you dissatisfied with the diamond that you have bought. This method could hamper the control on all the other details of the diamond, like the clarity, cut, and color of the diamond centerpiece of the engagement ring.

What is the normal cost for an engagement ring?

The average cost of an engagement ring is currently $5,500, according to The Knot 2020 Jewelry and Engagement Study. The cost of an engagement ring could either go up or down depending on several other factors, but $5,500 is the national average cost of a diamond engagement ring in the United States.

When buying an engagement ring, you should take a look at what you could and could not afford since paying off your debt because the engagement ring is not the best way to start your marriage. If you can’t afford to buy a ring, then don’t buy it. If you can’t afford it, then you could always wait.

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