Diamond Engagement Rings Vs. Other Stones: What’s the Pros and Cons?

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diamond engagement ring

Diamonds are one of the most classic and timeless choices used for engagement rings by couples for decades. Before you do the same, it’s best if you actually take the time to weigh its pros and cons. This information will help you determine whether or not a diamond engagement ring is perfect for your needs and budget.

You’ll have a wide variety of options when you’re looking for a stone for your engagement ring. Regardless of whether you’re looking for a simple ring or a showstopper, you’ll easily find one in the market today. If you’re planning to go for the classic diamond, consider the following advantages:

  1. Diamonds are top quality


As mentioned, diamond engagement rings have been sold in the market for decades, and stone quality is closely measured using the four “Cs”: Cut, Clarity, Carat, and Colour. Reputable jewellers and diamond experts, such as Chisholm Hunter, will handpick only the best diamonds to fit their unique engagement ring designs. Depending on your budget, you can select one large stone or several smaller gems to ensure you get the best possible quality for your money.

  1. Add a splash of colour


Engagement rings represent your commitment and plans of marriage in the future, and should reflect the individuality of your love and relationship. If you want to wear something that’s a little different from the norm, consider brightening your style with a coloured diamond or complimentary gemstone. Princess Diana and, more recently, the Duchess of Cambridge, popularised sapphire and diamond rings. For something more meaningful, consider marrying your diamonds with the birthstone of your betrothed, for example ruby and diamond for July, or emerald and diamond for May.

  1. Nothing sparkles like a diamond


Your betrothed will be wearing this ring (hopefully!) for the rest of their lives. If they’re looking for sparkle to impress friends and family with, diamonds are the way to go. Because a diamond engagement ring creates more sparkle, expect that wearing one will make you stand out from the crowd!

  1. A shape to suit every hand

Women know the shape of clothes that fit their body and make them feel gorgeous, and a ring shape is no different. If you or your partner want an engagement ring that can make your finger look slimmer, buy a diamond engagement ring that has an oval cut. Since diamond engagement rings come in a variety of shapes and sizes, you’ll find one that complements the shape of your hand.

But since nothing in this world is ever perfect, buying and owning an engagement ring also comes with some disadvantages such as:

  1. Blowing the budget


It’s recommended to set a budget before shopping for an engagement ring. If your heart is set on a diamond, be prepared to add a zero or two to it! Depending on the size, a diamond engagement ring can be very expensive, to the point that several financial institutions will provide financing options to customers who want only the best. If you can’t pay for the price of the diamond engagement ring upfront, you might need to pay high-interest rates in the next five to ten years.

  1. Diamonds depreciate

Similar to how a brand-new car loses its value the moment you drive it on the road, the same is true when it comes to diamond engagement rings. Companies who are selling engagement diamond rings don’t buy back their products at nearly the same price. The reason? Diamond engagement rings easily depreciate. This means that by the time you’ve paid for a diamond engagement ring, it’s at least 40% less valuable from the moment you bought it. This depreciation is one of the reasons why people don’t invest in diamonds anymore.

  1. A status symbol?

Some people choose to buy a diamond engagement ring to use as their status symbol. They think that if they wear this stone, they can be considered as belonging to the upper echelons of society. If you have the same motive in buying a diamond engagement ring, be wary. Since diamond engagement rings depreciate easily, buying one as a status symbol isn’t the best idea. Instead, consider buying a house, or other alternative jewellery.

Consider Other Factors

Aside from thinking about the pros and cons of a diamond engagement ring, you should also consider the maintenance and lifestyle of its wearer. All of these factors are essential, so you and your partner can enjoy the diamond engagement ring you’ll buy!

brilliant diamond

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