In What Month Are Engagement Rings The Cheapest?

LBrokenpipes on 01/02/2019 - 20:05

Hello Ozbargain.

I'm looking to propose to the girl of my dreams at some point this year!

Engagement rings are always going to be expensive, but I am wondering if there is a best time in the year to buy them.
Lots of jewelry stores have "valentine's day sales", but I expect these prices are even higher than normal! (or so I think, I'm not sure what the trends are!)

I wonder if like how TVs are most expensive in May/June-ish when new models come out, and cheapest in November/December, whether engagement rings have a similar trend.

A Google search brings up some American data, but I couldn't find anything in Australia.

What's Ozbargain's experience?

Many Thanks

Fashion & Apparel

Comments

  • bdl on 01/02/2019 - 20:10
    +18

    We’re all single and living in our parents’ basements so wouldn’t know :p

    Ps: Good luck with the proposal

    • AustriaBargain on 02/02/2019 - 02:47
      +1

      I would look into getting a wedding ring, but I've been in a defecto relationship with my right hand for so long already that I don't think it'd change anything. It'd just make our moments of passion a little fancier.

      • bdl on 02/02/2019 - 09:30

        Ps: Good luck with the chafing

      • marquise on 02/02/2019 - 10:54

        Hope you never have to go through a separation.

    • t_c on 02/02/2019 - 11:03

      @bdl

      Ha speak for yourself mate, thanks to compounding interest and dividends I'll have enough to get my own place and move out in as early as 2070.

  • HighAndDry on 01/02/2019 - 20:26

    Only pattern I'm aware of are EOFY sales for engagement rings when all the bigger chain jewelry stores want to make their year end numbers look better.

  • follow on 01/02/2019 - 20:31
    +1

    get one off gumtree/marketplace.
    get an expensive ring for a fraction of the price.
    everyone wins

  • GourmetFoodie on 01/02/2019 - 20:32
    +1

    Never

  • [Deactivated] on 01/02/2019 - 21:17
    +2

    After Married at first sight stops filming.

  • Skramit on 01/02/2019 - 22:46
    +1

    1) Don’t buy one from a store.
    2) Buy a diamond from jogia or blue Nile then get it set in a ring locally.

    Result = Save thousands.

    • Matta955 on 01/02/2019 - 23:01

      Or get it set by Jogia as well. They did a great job, it was a smooth process and my wife is very happy.

    • BrenAce on 02/02/2019 - 00:03
      +1

      I agree, and if you buy the stone from a diamond wholesaler rather than a retailer, you should be able to get a better price when the Aussie dollar is stronger against the USD.

  • [Deactivated] on 01/02/2019 - 23:49
    +1

    Now a days you usually propose then buy the ring together (that she chooses).

    • [Deactivated] on 02/02/2019 - 00:38

      Now a days you usually propose then buy the ring together (that she chooses).

      I know a couple that did this.

      I think you still give ring upon proposal, a cheap temporary ring?

      • [Deactivated] on 02/02/2019 - 14:37

        I didn't have a temporary ring. If you buy off the shelf and ask them that you can return it, they will probably only give you store credit which does lock you in to that store.

        • [Deactivated] on 02/02/2019 - 14:57

          So you proposed without a ring ?
          Or no traditional type proposal (where you would give her ring at the end, I would have thought)

          • [Deactivated] on 02/02/2019 - 18:35

            @[Deactivated]: yes I proposed with out a ring. My wife is a bit of fussy bitch (but I love her anyway), my proposal was not unexpected and had been discussed prior and she told me that is how she wanted to do it.

  • altomic on 02/02/2019 - 00:00

    Buy a "fake" ring from Aliexpress. I am utterly serious. You can buy a 2ct "diamond" ring in white gold for <$20.

    I bought one for my wife for when we go travelling. It got more compliments than her real ring.

    • pegaxs on 02/02/2019 - 08:49

      I second this… most people cannot tell the difference between a real diamond and a fake one. Hell, even some diamond dealers have been fooled.

      Buy a big arse fake diamond and have it set. Tell her it was super expensive and custom made. Win win.

      • Donaldhump on 02/02/2019 - 11:03

        not until she fins out 20 years later and your divorce is $$$$

    • Donaldhump on 02/02/2019 - 10:47
      +2

      generally anything fake on a woman will get more compliments than the real thing

      oh gee i sound like a pig.

      • marquise on 02/02/2019 - 10:57
        +3

        4 C's - cut, colour, clarity, cup weight

  • tassieeagle on 02/02/2019 - 00:38
    +2

    Never propose and use the savings on other stuff on ozbargain? Isn't that the modern way?

    • Dentshop on 02/02/2019 - 07:59
      +5

      This. Don't buy her one, they are pointless. Tell her if she wants to get an engagement ring she has to spend the equivalent amount on you on something you want. Let her know, guys like you are harder to find than any diamond.

  • jjjaar on 02/02/2019 - 07:59

    Have a google for DeBeers and the real story behind diamonds…

    https://youtu.be/N5kWu1ifBGU

    • Dentshop on 02/02/2019 - 08:02

      Jewellers should be forced to have warnings and plain packaging.

    • Skramit on 02/02/2019 - 08:43

      But diamonds are sparkly

  • pegaxs on 02/02/2019 - 08:57
    +3

    Don’t do it. Propose to her and let that be enough. Spend the money on more important thing for further your life together. If she demands a ring, then be reasonable. If she isn’t reasonable and wants the whole 3 months wages thing, then it’s a good tell tale sign of the road ahead.

    There is even a possibility that you spend big $$$’s on this ring and worst case scenario, she leaves and you never see it again. Money well flushed. Or, if you do get it back, it’s worth about 1/20th of what you paid for it.

  • Fergy1987 on 02/02/2019 - 09:00

    love has no price

    • Dentshop on 02/02/2019 - 09:34
      +2

      Correct. The amount therefore to spend on an engagement ring is Zero.

    • wordplay on 02/02/2019 - 10:45
      -1

      agree, totally worthless.

  • Starlight8 on 02/02/2019 - 10:36
    +1

    I think you'd want to avoid Valentines day…

    It would be better if you try a diamond wholesalers - you may get more carats for your buck :)

  • Donaldhump on 02/02/2019 - 10:44

    buy one and then go overseas and get gst refund, could be a strategy, no idea if possible,

    buy a crap $100 ring, then chose the real ring later on.

  • the Unforgiven on 02/02/2019 - 12:35

    Love does not go by the month, just buy here a ring anytime & propose to her anytime; don't cheap out on love

  • HardlyCharly on 02/02/2019 - 14:09
    +1

    "Engagement rings are always going to be expensive"

    Uh, what? This fails the basic logic test. A ring can be any ring, from $1 to $10,000. There is no specific thing which makes an engagement ring any different to any other except how it's being used. It also fails in practicality, your wedding ring is the one you'll both be wearing most of the time for (hopefully) years to come. Not to mention it's not the ring itself but the sentiment behind it which matters. My husband and I used $5 ebay rings to propose to eachother (we knew we were going to, just not when/where), then got nice ones for our wedding rings because they actually matter. Keep that in mind, and don't spend any more than you expect her to spend on your engagement ring.

    • wordplay on 03/02/2019 - 14:08

      are blokes meant to get an engagement ring too??

  • Shiny Mew on 01/03/2019 - 12:18
    +1

    Go halves. Isn't that what gender equality, insofar as it is possible, dictates?

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