How to Save When Buying an Engagement Ring

Est. Reading: 2 minutes
September 20, 2022
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The rules and myths surrounding how much you should spend on an engagement ring can be quite off-putting and almost enough to stop you from buying one. Many people believe that you should spend one, two, or even three times your monthly salary – which can put a lot of financial strain on proposing. There are cheaper rings available and in reality, your engagement should not be centred on the size and price of the ring but rather the union between two people in love. However, there are a few ways in which you can minimise the financial bite of buying your dream ring.

Cash for Gold

Gold bullion laying ontop of euro bank notesYou may not be aware, but you could be sitting on a small gold mine in the form of old gold jewellery, unwanted jewellery, gold coins, and basically anything that has gold in it. By using our cash for gold service, you could exchange your gold for cash and use it towards buying a ring. But what’s more, if you use your old gold as a store trade-in you could get up to 25% more towards the cost of the ring.

Layaway Service

Happy man smiling after using Martin Gear's layaway serviceYears ago, this used to be a popular service, but it has been in decline with the advent of easy personal loans from banks and credit unions. A layaway service is different in that each week or month you put away what you can afford until you have enough to buy a ring. While you may need to wait a while before you can buy one, a layaway service saves you from expensive interest and bank fees – because there are none. Furthermore, no credit checks are required, and anyone can avail of it regardless of the state of their credit rating. Speak to us to find out more.

Re-Modelling an Old Ring

A third option could be to remodel one of your old rings, whether it be a family heirloom or an old ugly duckling of a ring. Being a professional jewellery manufacturer, restorer, diamond setter, and master goldsmith, we can reshape and bring life back into almost any old ring. By using this service, you save on the cost of buying a new ring and only pay for the remodelling service and additional materials used. Such a service is perfect for creating a unique ring because it can be remodelled to suit your partner’s personality and style.

Promise Rings

While this option may not lower the cost of getting a ring, it can buy you time. A promise ring is an inexpensive ring that is given to your lover to symbolise your intent to marry, usually sometime during the next couple of years. Many people opt to get their partner a promise ring while they save up for an engagement ring.

Discover More

We will be more than happy to advise you on the best ways in which you can get an engagement ring as well as even be able to save you up to 60% when compared to the major chain-store jewellers. Come by our jewellery workshop on 5 Mary Street, Dublin City Centre, or contact us to find out more.

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