{"id":5520,"date":"2014-10-25T10:19:11","date_gmt":"2014-10-25T14:19:11","guid":{"rendered":"http:\/\/www.jewelry-secrets.com\/Blog\/?p=5520"},"modified":"2025-04-22T15:40:16","modified_gmt":"2025-04-22T19:40:16","slug":"did-you-pay-twice-as-much","status":"publish","type":"post","link":"https:\/\/www.jewelry-secrets.com\/Blog\/did-you-pay-twice-as-much\/","title":{"rendered":"DID YOU PAY TWICE AS MUCH?"},"content":{"rendered":"<div class=\"blog-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2015\/06\/Are-You-Paying-Twice-As-Much-For-A-Diamond-Engagement-Ring.gif\" alt=\"Are You Paying Twice As Much For A Diamond Engagement Ring?\" title=\"Are You Paying Twice As Much For A Diamond Engagement Ring?\" width=\"200\" height=\"200\" class=\"alignright size-full wp-image-5521\" \/><\/div>\n<p>Did you know, that the average consumer pays twice as much as they should for a <strong>Diamond Engagement Ring?<\/strong><\/p>\n<p><h2>TWICE!!!?<\/h2>\n<p>\nThat&#8217;s a crazy statistic, just think of what you could do with all that extra money. <\/p>\n<p>\nIt&#8217;s a sad reality, but it&#8217;s true. <\/p>\n<p>Granted spending <strong>TWICE<\/strong> as much may be <strong>an exception to the rule<\/strong>, but trust me, you will find that most people do spend hundreds and thousands of dollars more than they should! <\/p>\n<p><strong>So why do people over pay for Diamond Engagement Rings?<\/strong><\/p>\n<p>\nIt almost doesn&#8217;t make sense. They buy it. They wear it. <strong>They spend too much<\/strong>. <\/p>\n<h2>And it&#8217;s all because of a couple of simple reasons:<\/h2>\n<ul>\n<li><strong>They fell in love with the ring<\/strong><\/li>\n<li><strong>They don&#8217;t shop and compare<\/strong><\/li>\n<li><strong>They don&#8217;t wait for a discount<\/strong><\/li>\n<li><strong>They finance it for payments<\/strong><\/li>\n<li><strong>They don&#8217;t know any better<\/strong><\/li>\n<\/ul>\n<p>\nSo now, let&#8217;s take a closer look&#8230;<\/p>\n<p><h2>They fell in love with the ring<\/h2>\n<p>\nChances are, if you take your girlfriend shopping for a Diamond Engagement Ring, she&#8217;s going to fall in love with one.<\/p>\n<p>\nAnd, no matter what else she looks at, no matter what the quality is, or the price is, no other ring will do.<\/p>\n<p>\nIt&#8217;s her &#8220;<strong>Dream Ring<\/strong>&#8221; and that&#8217;s the one she wants.<\/p>\n<p>\nSo even if a similar ring down the street sells for half the price, <strong>it doesn&#8217;t matter<\/strong>. She&#8217;s in love with that ring and she&#8217;s batting those baby blue eyes at you. <\/p>\n<p>\nAww shucks! <strong>It&#8217;s only $7,000 more, right? <\/strong><\/p>\n<p><h2>They don&#8217;t shop and compare<\/h2>\n<p>\nSay you bought her a One Carat Diamond Ring. VVS1, E, for $17,799.99 (<strong>No Longer Available<\/strong>). <strong>Congrats! <\/strong><\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2015\/06\/Kay-Jewelers-One-Carat-Loose-Diamond.jpg\" height=\"450\" width=\"640\" alt=\"Kay Jewelers One Carat Loose Certified Diamond\" title=\"Kay Jewelers One Carat Loose Certified Diamond\" border=\"0\"><\/p>\n<p>But did you know that if you looked hard enough and compared online you probably could have saved thousands? <\/p>\n<p><h2>Compare these two stones below&#8230;<br \/>\n<\/h2>\n<table>\n<tr>\n<td  style=\"background-color:#FFFF99\" valign=\"top\"><strong>STORE, CW, CLARITY, COLOR, CUT, CERTIFIED<\/strong><\/td>\n<td style=\"background-color:#FFFF99\" valign=\"top\"><strong>PRICE<\/strong><\/td>\n<td style=\"background-color:#FFFF99\" valign=\"top\"><strong>VIEW<\/strong><\/td>\n<\/tr>\n<tr>\n<td  style=\"background-color:#FFFFFF\" valign=\"top\"><strong>Kays, 1.01, VVS1, E, VERY GOOD, GIA<\/strong><\/td>\n<td style=\"background-color:#FFFFFF\" valign=\"top\"><strong>$17,799<\/strong><\/td>\n<td style=\"background-color:#FFFFFF\" valign=\"top\"><strong>VIEW<\/strong><\/td>\n<\/tr>\n<tr>\n<td  style=\"background-color:#FFFFCC\" valign=\"top\"><strong>JA, 1.00, VVS1, E, VERY GOOD, GIA<\/strong><\/td>\n<td style=\"background-color:#FFFFCC\" valign=\"top\"><strong>$10,770<\/strong><\/td>\n<td style=\"background-color:#FFFFCC\" valign=\"top\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jamesallen.com\/loose-diamonds\/round-cut\/1.00-carat-e-color-vvs1-clarity-very-good-cut-sku-372691\">VIEW<\/a><\/td>\n<\/tr>\n<\/table>\n<p>\nOne Diamond Ring is from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.kay.com\/en\/kaystore\/engagement-rings-100010--1\/1000100000+4294967039\/100006\/49\/0\/New\/0\/100006.100007.100010\">Kay Jewelers<\/a>, the other is from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jamesallen.com\/loose-diamonds\/round-cut\/1.00-carat-e-color-vvs1-clarity-very-good-cut-sku-372691\">James Allen<\/a>.<\/p>\n<p>\nKay&#8217;s ring is not only more expensive, but also a little bit lower in quality (<strong>Symmetry<\/strong>). The good thing is, they are both certified by GIA (<strong>the BEST in the business<\/strong>).<\/p>\n<p>\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jamesallen.com\/loose-diamonds\/round-cut\/1.00-carat-e-color-vvs1-clarity-very-good-cut-sku-372691\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2015\/06\/James-Allen-One-Carat-Loose-Diamond.jpg\" height=\"450\" width=\"640\" alt=\"James Allen One Carat Loose Certified Diamond\" title=\"James Allen One Carat Loose Certified Diamond\" border=\"0\"><\/a><\/p>\n<p>\nSo would you have spent more and gotten less? <\/p>\n<p>It happens every day!!! <\/p>\n<p>So before you purchase&#8230; <strong>STOP! <\/strong><\/p>\n<p>Shop around and compare quality and prices. You&#8217;ll be surprised at the differences you&#8217;ll find. It may take some more legwork, but in the long run, you&#8217;ll be much more happy. <\/p>\n<p><strong>And so will your pocketbook.<\/strong><\/p>\n<p><h2>They don&#8217;t wait for a discount<\/h2>\n<p>\nThe big key to saving money on a Diamond Ring is <strong>to plan in advance<\/strong>. <\/p>\n<p>Rushing into things is a surefire way to over pay and get yourself over budget. <\/p>\n<p>The best times of the year to shop for Diamonds is during <strong>Christmas Time, Bridal Season<\/strong> (Spring Time), and even Special Events like <strong>Bridal Shows<\/strong>, Clearance Sales, or even Red Tag Events&#8230; <\/p>\n<p>So check the <strong>Jeweler&#8217;s Websites<\/strong>, and look for Discounts or <strong>upcoming Deals<\/strong>. <\/p>\n<p>Use <strong>Trade-ins<\/strong> if you have any. <\/p>\n<p>Pick up my copy of <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/101-ways-to-save-money-on-diamonds\/\">101 Ways to Save Money on Diamonds<\/a>. <\/p>\n<p>And even <strong>deal directly with the manager or boss<\/strong>. <\/p>\n<p>The point is, just about every ring, at some time, will be discounted or reduced. So if you don&#8217;t need an &#8220;<strong>emergency ring<\/strong>&#8221; or a frantic wedding, then relax and wait for <strong>the savings bus<\/strong> to arrive. <\/p>\n<p><h2>They finance it for payments<\/h2>\n<p>\nThe ring may be a bit more, or a lot more, but, if the store is willing to finance you (<strong>at insane interest rates<\/strong> and keep your payments low and affordable) <strong>then why not do it?<\/strong> <\/p>\n<p>You&#8217;d be amazed at how many people think this way. <\/p>\n<p><strong>They&#8217;re buying payments<\/strong>. <\/p>\n<p>Some people may have to, but I&#8217;d suggest you think twice. Because you&#8217;ll not only pay way more, <strong>but you&#8217;ll pay double the amount in the future because of Interest, Fees, and Penalties<\/strong>.<\/p>\n<p><h2>Ouch!<\/h2>\n<p>\n<strong>Paying with cash is always a better option<\/strong>. <\/p>\n<p>Plus, if you pay with cash you&#8217;ll probably get the item cheaper, because cash is <strong>a great bargaining tool<\/strong>. Not to mention the fact that the ring will be paid off so you won&#8217;t have to pay for it over the course of the next four years&#8230;<\/p>\n<p>\n<strong>I also suggest lay-a-way if you can<\/strong>. <\/p>\n<p>Layaways are interest free and you can still have a low monthly payments, if that&#8217;s what you choose. <\/p>\n<p>Or, look at putting it on <strong>a low interest-bearing credit card<\/strong>, or even getting a loan from your <strong>credit union<\/strong>. Something that&#8217;s not as crazy as a <strong>Jewelry Store Finance Plan<\/strong>. And one that could also give you Cash Back, Rewards, or even Frequent Flyer Miles. <\/p>\n<p><strong>It all adds up<\/strong>.<\/p>\n<p><h2>They don&#8217;t know any better<\/h2>\n<p>\nA lot of guys keep away from Jewelry Stores. <strong>It&#8217;s not their area of expertise<\/strong>. <\/p>\n<p>The Jewelry Store is way too <strong>Expensive<\/strong>, <strong> Technical<\/strong>, and <strong>Intimidating<\/strong>! Guys feel like they&#8217;re being taken, and they don&#8217;t know where to begin. <\/p>\n<p>But that&#8217;s why there are websites like mine. Websites that can teach you about <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-guide\/\">Diamonds<\/a>, <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/certification\/\">Certification<\/a>, <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/the-4-cs-of-diamonds\/\">the 4C&#8217;s<\/a>, <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-cut\/\">Cut<\/a>, <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-color\/\">Color<\/a>, <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-clarity\/\">Clarity<\/a> and <a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-carat-weight\/\">Carat Weight<\/a>. <\/p>\n<p><strong>You don&#8217;t need to learn it all<\/strong>, in fact you don&#8217;t need to learn that much to buy a great looking Diamond. <\/p>\n<p>For example, check out these <strong>awesome posts<\/strong> of mine to help you get started&#8230; <\/p>\n<table>\n<tr>\n<td><a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/great-diamond-ring-advice\/\">Great Diamond Ring Advice<\/a><br \/>\n<a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/how-to-read-a-gia-diamond-report\/\">How to Read a GIA Diamond Report<\/a><br \/>\n<a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/save-3000-on-a-1-00-carat-diamond\/\">Save $3,000 on a Diamond Ring<\/a><\/td>\n<td>\n<a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/does-diamond-clarity-affect-beauty\/\">Does Clarity affect Beauty?<\/a><br \/>\n<a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/diamond-symmetry\/\">Learn about Diamond Symmetry<\/a><br \/>\n<a href=\"https:\/\/www.jewelry-secrets.com\/Blog\/engagement-ring-advice-for-men\/\">Engagement Ring Advice for Men<\/a><\/td>\n<\/tr>\n<\/table>\n<p>\nWalking blindly into a Diamond purchase, with no knowledge of how Diamonds are priced, and why some Diamonds are doubled the price&#8230; <strong>Can really bite you in the butt<\/strong>. <\/p>\n<p><h2>So be Prepared!!!<\/h2>\n<p>\nYou are only going to buy <strong>one Engagement Ring your whole life<\/strong> (okay, for some of you, three or four&#8230;). And you wouldn&#8217;t spend that kind of money on anything else without checking it out thoroughly and doing your homework&#8230; <\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2015\/06\/Did-You-Pay-Twice-As-Much-For-An-Engagement-Ring.jpg\" height=\"1080\" width=\"640\" alt=\"Are you Paying Twice as Much for a Diamond Engagement Ring?\" title=\"Are you Paying Twice as Much for a Diamond Engagement Ring?\" border=\"0\"><\/p>\n<p><h2>So don&#8217;t do it with Diamonds! <\/h2>\n<p>Otherwise, you too may become a statistic, or <strong>you could pay twice as much as you should<\/strong>. And believe me, even though the examples in this post aren&#8217;t exactly <strong>DOUBLE<\/strong> (close though), you <strong>WILL<\/strong> find Stores and Diamonds and Rings that are! <\/p>\n<p><strong>It&#8217;s almost mind-blowing! <\/strong><\/p>\n<p><h2>Shop around, you&#8217;ll see&#8230; <\/h2>\n<p><strong>Feel me?<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Did you know, that the average consumer pays twice as much as they should for a Diamond Engagement Ring? TWICE!!!? That&#8217;s a crazy statistic, just think of what you could do with all that extra <a class=\"mh-excerpt-more\" href=\"https:\/\/www.jewelry-secrets.com\/Blog\/did-you-pay-twice-as-much\/\" title=\"DID YOU PAY TWICE AS MUCH?\">[Read More&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":5521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,3,10],"tags":[],"class_list":["post-5520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamond-guide","category-diamonds","category-engagement"],"_links":{"self":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/5520"}],"collection":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/comments?post=5520"}],"version-history":[{"count":1,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/5520\/revisions"}],"predecessor-version":[{"id":34824,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/5520\/revisions\/34824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media\/5521"}],"wp:attachment":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media?parent=5520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/categories?post=5520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/tags?post=5520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}