Advice on Diamond ring price

I know this is not a diamond experts forum but I was hoping to get some advice from people who have purchased diamond rings in the past
I want to purchase the following diamond from DiamondsFactory. I've seen mixed reviews here and there about the quality of the diamonds, however the website allows you to customise your ring. I've chosen the following specs
White Gold Round Side Stone Diamond Engagement Ring
Certificate: DF
Colour: F
Stone Type: Natural Diamond
Clarity: VS2
Carat: 0.50
Metal: 9K White Gold
Shape: Round
Cut Grade: Good
Cost: £1,538
Do you guys this the cost of this ring is fair?
https://www.diamondsfactory.co.uk/design/white-gold-round-side-stone-diamond-engagement-ring-clrn42601?search=CLRN426_01

I looked for clarity, carat, cut grade and colour, is there anything else I should have looked for?

Thank you

Comments

  • Emmia
    Emmia Posts: 5,038 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 31 December 2020 at 4:26AM
    Personally, I wouldn't buy a ring costing this much online, I'd always go to a shop and look at the actual ring that I'd be purchasing, how the shape sits and looks on the hand/finger, the weight of the band etc. are all factors to consider - as well as the stone/metal etc.

    Is this an engagement ring for a planned proposal? If it is, what if it isn't the type of ring your intended would like (or it doesn't fit) - it will be more difficult to exchange to a different ring if you've ordered online. 

    However, given the shops are shut, if you want a ring to propose with, buy something with CZ or mossanite in sterling silver as a placeholder online, and go with your intended to a shop to pick something out, once things reopen.

    The ring (if it is an engagement ring) will (hopefully) be worn daily for the rest of someone's life, so getting it right is important. I chose my ring, and I love it - but it's probably not a design my husband would have chosen himself. 


    *sorry this doesn't directly answer your question.
  • Cpu2007
    Cpu2007 Posts: 724 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thank you Emmia, appreciate your input. It's an engagement ring and there's a 60 days return policy so I can return it for a different size(hopefully). I agree with you on the trying factor but with shops closed boxing day deals, I thought I'll take advantage of it
  • Pollycat
    Pollycat Posts: 35,539 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    edited 1 January 2021 at 11:10AM
    Emmia said:
    Personally, I wouldn't buy a ring costing this much online, I'd always go to a shop and look at the actual ring that I'd be purchasing, how the shape sits and looks on the hand/finger, the weight of the band etc. are all factors to consider - as well as the stone/metal etc.

    Is this an engagement ring for a planned proposal? If it is, what if it isn't the type of ring your intended would like (or it doesn't fit) - it will be more difficult to exchange to a different ring if you've ordered online. 

    However, given the shops are shut, if you want a ring to propose with, buy something with CZ or mossanite in sterling silver as a placeholder online, and go with your intended to a shop to pick something out, once things reopen.

    The ring (if it is an engagement ring) will (hopefully) be worn daily for the rest of someone's life, so getting it right is important. I chose my ring, and I love it - but it's probably not a design my husband would have chosen himself. 


    *sorry this doesn't directly answer your question.
    I'd go one step further and say I would buy an unset diamond and have a ring made.
    I know it's difficult with current lockdown rules but I'd wait and find a manufacturing jeweller or take a visit to Birmingham Jewellery Quarter or Hatten Garden.

    There are other online jewellers that you could use to check prices.
    I remember this one from Dragons Den:

    There are others if you google 'loose diamonds uk'

    What I'm not keen on on the website you've chosen is this:
    Approx. 0.5000 ct. wt. (0.500ct. x 1)

    I'd want to know exactly the carat of the diamond I'm buying - but then again I've bought lots of loose stones (including diamonds) and had them set in the design of my choice in India and Sri Lanka over the last 30 odd years.

    ETA:
    You might like to read this thread:


  • Cpu2007
    Cpu2007 Posts: 724 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thank you pollycat, that's a great piece of advice, something that I've considered previously but didn't know the best way to find a jeweller to make the ring
  • Pollycat
    Pollycat Posts: 35,539 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    A friend of mine was considering buying a diamond ring for his wife's significant birthday.
    Knowing that I'd bought precious stones, he asked my advice by saying 'a diamond is a diamond. Right?' :o
    I took him to a budget high street jewellery shop that sold large (2 carat) diamond rings that you can actually see the inclusions through the window with your naked eye. We noted the carat weight and price, then I took him to an independent jeweller and we saw a high quality diamond ring less than half the size but much more expensive.
    So, once we'd established that 'a diamond is not a diamond' :)  I sent him off with some pointers about colour, clarity etc to the shop I had used for repairs and alterations and he was amazed at the choice of loose diamonds he had and the help & advice about design.
    I think I found them on yell.com - it was quite a few years ago and you may need to widen your search to nearby cities.

    Are you buying the ring as a surprise?
    I agree with Emmia:
    Emmia said:
    The ring (if it is an engagement ring) will (hopefully) be worn daily for the rest of someone's life, so getting it right is important. I chose my ring, and I love it - but it's probably not a design my husband would have chosen himself. 

    I'd want a ring that I loved and would want to enjoy the search and discussion about something that is so special.

    Good luck with your choice.

  • Cpu2007
    Cpu2007 Posts: 724 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    what sort of terms do I use to search for these independent jewellers? i live near manchester
  • Pollycat
    Pollycat Posts: 35,539 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    It's a long time ago - probably more than 20 years - but try putting 'manufacturing jewellers' and 'manchester' into yell.com.
    Independent jewellers are just ones not part of a chain, like Ernest Jones, H Samuel.
  • Pollycat
    Pollycat Posts: 35,539 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    makdemon said:
    There are so many shapes, styles, cuts, etc in diamond rings. what do you want to know about?


    The OP was asking almost 18 months ago and last logged on to MSE 4 months ago.
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