Find your diamond
Find your jewelry
shape
carat
color
clarity

How do most of you pay for your stone?

Status
Not open for further replies. Please create a new topic or request for this thread to be opened.

pyramid

Ideal_Rock
Premium
Joined
Nov 10, 2002
Messages
4,607
Do most people already have the funds for their stone or are they financing it.

Has anyone saved beforehand particularly to buy a diamond. What time frame should be set aside to save when planning this in the near future?
 

Tarams

Shiny_Rock
Joined
Nov 26, 2001
Messages
228
That's your call, but I believe it's best to save and not finance. If you find that that's hard to do, you can always start small & trade up later!
 

golfer

Shiny_Rock
Joined
Oct 7, 2002
Messages
128
I hadn't really saved up, but took advantage of a credit card offer (0% interest checks or balance transfer for 12 months) to finance my e-ring for my GF, which will run about $10k.
 

tayd

Rough_Rock
Joined
Sep 27, 2002
Messages
37
FWIW, I charged the entire ring on my credit card that earns airline miles :) and then paid the whole thing off with my home equity, which has a lower interest rate than the bank card.
 

2MACHO

Rough_Rock
Joined
Oct 16, 2002
Messages
7
I got a loan from a bank then paid it off with a credit card with 1.7% for 12-months.
 

2MACHO

Rough_Rock
Joined
Oct 16, 2002
Messages
7
Forgot to mention that I only financed the diamond, I have been saving, and will pay cash for the setting I want.
 

rsilvers

Shiny_Rock
Joined
Oct 26, 2002
Messages
251
I think the low-interest for a year credit card card is the way to go. I personally saved up and paid wire-transfer.
 

diamatuer

Rough_Rock
Joined
Oct 15, 2002
Messages
25
I spent what I had saved intending to pay it off right away. Then Discover (why not get a little cash back??) told me I can make the purchase with 0% interest until March. So I will make the minimum payments, earn a little more interest, then pay it off in March.
 

jerseycat10

Rough_Rock
Joined
Nov 12, 2002
Messages
7
Hello. I am in the process of ring-hunting right now, now that I have saved up the proper amoung (~6000). I hate monthly payments, and figured it would make sense to avoid the unnecessary finance charges. I am in a fortunate situation to be able to save a lot of money quickly, so if you are in the same situation, I recommend you go that route. Also, if you walk into a jewelry store with a certified check, you have unquestioned bargaining power.
 

pyramid

Ideal_Rock
Premium
Joined
Nov 10, 2002
Messages
4,607
Thank you all for your experience. I am presently saving for the stone. I liked the idea about keeping the savings to accrue interest for a year whilst using a 0% interest credit card offer. (Especially good as long as one does not dip into the savings for other things.)

I will have to keep this idea in mind when I get nearer to purchasing time.
 
Status
Not open for further replies. Please create a new topic or request for this thread to be opened.
Be a part of the community It's free, join today!

Need Something Special?

Get a quote from multiple trusted and vetted jewelers.

Holloway Cut Advisor



Diamond Eye Candy

Click to view full-size image.
Top