Advice on How to Buy a Diamond Engagement Ring and how to Get Insurance For It

There is much to to think about when buying a diamond - especially a diamond engagement ring! The tradition of presenting a woman with a diamond engagement ring when proposing began in 1477 when Archduke Maximilian presented a diamond ring to Mary of Burgundy - and in most of the cases, the woman you plan to propose to will expect a ring to accompany that proposal!

First, determine how you can afford on spending for the ring. Most people use the rule of the two months' salary. This means that the ring should cost the equivalent of two months of your current salary. Because you also have other bills to pay, saving up this amount of money may take quite a bit of time. You can also consider financing. Simply go to your favorite jeweler and tell them that you plan to buy an engagement ring, and that financing will be
needed. Go ahead and get the credit check out of the way, find out what your payments will be, and how much of a down payment is needed.

Now, have your mother, sister, or your girlfriend's best friend take your girlfriend shopping, and make sure that they take a look at the engagement rings to get an idea of what she might like. Make sure that the jewelry store you buy the ring from will allow you to return the it, if that is required, or allow your future wife to exchange it for another one if she isn't pleased with it!

Finally, when everything is settled and your girlfriend loves the ring, there is one more step to take that often people forget about: to insure the ring. This can be a very wise action to take and you would be surprised about the great number of ways in which one could lose the engagement ring. And if it happens, you need to be insured. Make sure you know exactly what your engagement ring insurance policy covers and most of all, make sure that you protect your precious diamond ring at all costs!