As we work with couples find their dream engagement rings during different seasons of their lives, we understand that being able to afford an engagement ring is a concern for many soon-to-be-engaged or newly-engaged couples. While it's easy to dream of proposing with a beautiful ring that they show off to their friends and will love to wear every day, you also want to feel comfortable with making such a large purchase.

Though an investment, an engagement ring doesn't mean you have to empty your entire bank account or take on unwanted debt before you take the next step in your relationship together. Read on for tips on how to save for your dream engagement ring to take this next step with confidence.

1. Keep Your Eyes On Your Own Lane

First thing first— keep your eyes on your own lane. Toss the old ideas of two months' salary, or any ideas that an engagement ring needs to be a specific dollar amount. Purchasing a ring should not just make your partner happy, but also allow you to sleep well at night because you took the steps that were right for your lifestyle, desires, and budget!

2. Create a Ring Budget

When it comes to life's moments, it’s important to think about a realistic budget before you get too far in the planning process. Take a look at your proposal timeline, your finances, how you plan to save for and/or finance the ring, and come up with an engagement ring budget that allows you to still sleep well at night.

3. Find Their Style

While a surprise proposal can be amazing, a totally surprise engagement ring might not be as welcome. Even if you plan on handling the actual picking out or designing of the ring, it is still a good idea to try to uncover their ring style ahead of time. Finding out in advance if they prefer modern to vintage, or solitaire to halo— or even if they've always wanted a fancy color diamond— will direct your engagement ring purchase more than anything else.

4. Bring In the Experts

While exploring engagement rings online has its value, it's wise to take advantage the knowledge and resources of the experts when shopping for your engagement ring. Our online diamond education has easy-to-digest information that can help you make an informed purchase.

5. Understand What You Want to Pay For

There is a lot to consider when purchasing a diamond, so get to know the 4C’s to find the key characteristics that are most important to you and worth paying a premium for.

6. Protect Your Investment

Just like other larger purchases, it’s a good idea to protect your investment. Learn about our warranty here.


Ready to see our engagement rings in person? We invite you to visit our Clearwater showroom to view our full selection, or explore rings online HERE.


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"My husband and I went to the G&DS before we got engaged to look at diamonds and settings. We were immediately impressed with the friendly, professional atmosphere and the incredible selection of beautiful stones and jewelry. Cale and Debbie were extremely knowledgable and super helpful. We ended up buying all three of our rings from G&DS, and they were very accommodating making sure everything fit perfectly. Their customer service is superior and the quality and prices of their jewelry is unbeatable. Highly recommend!!!" — Kathi Y. on Yelp