Buy now or next year?

[drkewl]

Hi everyone.. I could use some educated opinions from all you diamond wizzes out there

Ok I am doing all my diamond research well in advance because i am only going to propose middle-end of next year... but I have unexpectedly quickly come up with the money i needed to buy the diamond (have about 15k now saved up)... my question is do u think i should find and purchase a loose diamond now, no rush in the setting yet but get that done in due time... or wait till next year and get it all together? I''m just worried about prices increasing faster than my savings interest rate of 3%!

Ps i''m looking for a stone ~1.5-1.8 carats and yea i''m sure i could make the budget higher by next year to get an even better stone, but I don''t want to buy a bigger diamond because it might be TOO big on her

What do you think? Now or later?

 

[strmrdr]

If your 100% sure your going to need it buy now.
While I cant predict diamond prices, (incert legal disclaimer here, please dont sue me if im wrong)

Every indication is that the price increases between now and then will be far more than 3% by a huge margin.

 

[belle]

i am not trying to get into any kind of personal issues here, but as i was pondering the question and trying to come up with a logical answer, my mind kept wondering...if you know you want to marry her and you are considering buying a ring at some point, why not propose sooner?

 

[icekid]

like storm said, it''s impossible to say how much prices will increase- but at the same time, you don''t want to buy a diamond and end up not needing it. is there any reason that you are waiting so long to propose?

 

[Kaleigh]

I agree with Storm. The prices are going to increase by how much I''m not sure. If you know that she will say yes then you are better off buying it now. But like belle said why the wait???

 

[Mara]

It''s a tough call. Alot can happen in a year...in more ways than one!

In terms of price increases, the area you are looking at has slim pickins to begin with....the price increases could be anywhere from 5-10% or even more...I''ve heard various numbers. But above and beyond price is availability. There may only be one or two stones with the specs you want available between now and the time you are ready to buy. Therefore I''d say if you are sure that in a year you will be ready to propose, I would buy a stone if you find one that fits all your parameters. Since you have alot of time, there is no reason to settle, so take this time and find THE best stone for your budget and your requirements. Not alot of people have a year, sometimes they have to rush into purchasing something.

So I''d say if the perfect stone comes along for you and you can afford it, get it and don''t wait til next year. Good luck!!

 

[drkewl]

Why the wait? Well, its kind of a mutual decision... I just finished my 1st year of med school, she will just be starting her first year of med school... We have thought the ideal time to get married would be right after she graduates (4 years... that seems like forever since we''ve been dating already for 3!!!

) Anytime inbetween, well at almost any given point one of us will have something important coming up (like boards!) and we don''t want to become tangled up with planning a wedding during our first 3 years in med school... If i propose to her in a month, we would be engaged for... mmm. 4 years? I think thats a little ridiculous, and won''t really change anything between us. I won''t love her more when we''re engaged. So we kind of loosely decided that about a 2-3 year engagement is more realistic and would allow us time to slowly plan the wedding without letting it destroy our grades in the process.

I have read threads here on how its perfectly fine to be engaged for more than a year.. i mean who cares what other people think? But i think 4 years is too long. If we weren''t in med school sure we surely would have gotten married earlier, but the scheduling would be too tricky and the stress of med school + wedding = too much, esp for her (she gets stressed easily!)

Anyways, i hope that gives you some insight as to why the ''delay'' in proposing. I personally love jewlery and hav e been itching to do diamond research for awhile, so yes I am doing it early... but If i have the money and can find a nice stone, maybe buying it this year wouldn''t be such a bad idea!

 

[drkewl]

PS I know some of you are thinking "two med students... this mayyy not work out"

All i can say is more than anything, we''re best friends and have been for 3 years, so this shouldn''t be too big an obstacle. Our families already adore each other so that potential hurdle is already out of the way lol. We know who we are and want we want for ourselves and for our lives, and we know what we want to do is compatible. So baring something truly unforseen, it is pretty certain this will all go close to what we have planned....


and if for some horrible reason it doesn''t? Well.... then i''ll just have a wonderful lose ideal cut stone that will be saved for another day. Either way I think buying sooner rather than later (provided a good stone is found) is a good idea.

Back to looking...