If you weren't able to make your big jewelry purchase before the busy holiday season started, and you need to have it before the January lull, there are still a few things you can do to save money. While diamonds will be at their most expensive during the late fall and early winter and are rarely discounted, many jewelry sellers offer sales on the cost of the setting during Black Friday, Cyber Monday if you're buying online, and other traditional holiday sales periods. If you have to buy during the busiest shopping season waiting for a sale helps you save.
You'll have to contend with crowds when shopping the holiday sales so do some research ahead of time so you have an idea of what you want. Sellers might not have as much time to spend with each customer, and rushed orders might bring additional charges. You'll also have less time to make a decision without worrying that the piece you have your eye on will get snapped up, so know your budget, know what you want, and go get it as soon as those holiday sales hit. It doesn't have to be hectic shopping for jewelry during a busy sale.
Everyone gets caught up in the holiday spirit of giving and receiving gifts, but with so much buying happening it can be overwhelming, and investing in a special jewelry purchase can add a strain to your wallet. If you can hold off until the rush is over you might be able to find your perfect piece for a reduced after-season price. In times of demand, jewelry prices can go up, so if you start looking around a few months ahead of when you want to purchase you can notice trends and get an idea of items in your price range.
You are more likely to find reduced prices on jewelry during slower times of the year. After the winter holidays, shops might want to move items that didn't sell during the Christmas rush so January can be an ideal time to nab some discounts. You'll have more time to browse without the hustle and bustle of the December shopping crowds and can spend more time deciding on which piece your special someone will love the most. You might be able to ask and see if a seller is willing to go lower on the price of that perfect item.
Maybe you'd spent too much over the holidays and prudently didn't want to make any big purchases in January. Then February rolls around with Valentine's Day and the second busiest time for jewelers when demand, and prices, are high. This makes March the ideal time for buying that signature piece you've been craving or a diamond ring for that special someone. After the dual romantic periods of Christmas and Valentine's Day are over it is the perfect time to make your valuable purchase and secure that perfect anniversary ring or diamond earrings for your beloved when prices are lower.
Another great time to see if the prices are down is in late May after everyone has bought and been given Mother's Day gifts. Sellers might be eager to move any stock that didn't sell before the summer dry season and offer special Memorial Day prices. If you've had your eye on a piece this might be the time to finally take the plunge and get the perfect gift to tell someone how you feel about them. Whether it's a birthday gift, engagement ring, or a long head start on Christmas shopping, late May is a great time to buy.
With no romantic or gift-giving holidays to celebrate during the long summer days, July and August are often a slow time in the jewelry business and a perfect time to buy. Usually, by the time the summer wedding season rolls around rings have already been purchased a few months in advance, therefore jewelers don't have the large influx of summer business that other wedding vendors do. You might be able to make a lower offer as sellers try to clear some stock before new inventory arrives in preparation for the busy holiday season.
During the slow summer months when demand is low the price of gold, silver, and even diamonds can also decrease which will ultimately affect the price of the final product and you'll be able to find quality jewelry pieces at prices you might not see in winter. Early autumn is also a slow time to buy, so planning a little further ahead for a Christmas gift or a Christmas proposal can save you some money or get you a higher value item for your budget. Buying during the slow months is less stressful and lets you take time for decisions.
We all love discounts and low seasons to buy our stuff, and like anything else on this world, engagement rings, diamonds, and jewelry in general are known to have some slow seasons where prices drop to a good extent.
Getting a diamond? You can benefit from several discount seasons listed below, as well as quiet times like after Valentine and before summer where prices tend to be a little low (not thousands, just to make it clear).
While this is true to some degree, we believe that with ample knowledge in what to look for in a diamond and what are the best times to make these purchases, you will be able to get yourself a nice stone without basically draining your bank account!
For instance, check this stunning Excellent 1.01 H VS2 diamond on James Allen, priced at $5940 at the time of writing this (Dec. 2022), feel free to check it once you read this and compare it to this time of year.
Over the past few years, it became very common for most merchants (diamonds as well as other industries) to extend Black Friday sales and merge them with Cyber Monday (which is the first Monday after Thanksgiving, usually comes around Nov. 25th to Dec. 2nd), since there are only 2 days between them.
With Christmas being only a few weeks away and the new year is coming on shortly, November is for sure a great time to finalize the payment on diamonds as you might not be able to get better deals any other time of the year.
Since Valentine is not a religious holiday, there are definitely more sales that go on during this period than during Christmas; as brands will try their best to make as many sales as they can before the next holiday rush season!
1. Variety of Options: Buying online will give you much more variety in collection, so for example, James Allen & Blue Nile combined have more than 1 million diamonds (at the time of writing this) to pick from, what local store will give you even 0.1% of that number?
The more information you have, the more sales you will come across and the more on-point your purchase will be. Take your time, explore different stores, listen to the deals they offer, and lastly, do your comparison sheet and get the most pocket-friendly option for you.
3) Whiteflash: Home Of A CUT ABOVEÂ Super Ideal Diamonds, they stand out from the crowd by offering premium diamonds cuts, tailored to those who love the details, at great prices too.
But, as far as the date goes, we have all seen the commercials that come out right around Christmas time for engagement rings from every major retail store in America. This is a big indicator. Engagement season is November through February, for the obvious holidays that exist during this time frame.
If you look at the fine print, you will realize that these discounts are not applicable towards the center stone of an engagement ring. (Remember I mentioned earlier that high quality diamonds NEVER go on sale?)
Seeing this, I know many people will assume the best time of the year to buy an engagement ring would be during the festive periods. After all, having some discount is better having no discount right?
During this busy time frame, the bench jewelers and back-end manufacturers will also be under significant pressure to rush out completed jewelry for deadlines. From experience, I can tell you this is the time where things have the highest possibility to go wrong.
Shop around, take your time, and know what you are buying. An engagement ring is very important, and will be worn with pride for many years, so it is worth it to find a thing of true beauty. Best of luck!
The best times of the year seem to be September through November. I know I have looked for a few years and price them out all the time (Blue Nile and James Allen). There is a big difference if you buy them at the right time.
There's no single best time to buy an engagement ring. It will depend on many factors, like your ring design and proposal date. But in general, it's safest to make the purchase 1-2 months before your proposal.
Still, you might get perks when you shop at certain times of the year. During specific holidays or seasons, retailers usually give perks, like cheaper settings. But they rarely discount the diamond itself, so don't expect massive savings.
September and October are off-season for the jewelry industry, so they're one of the best times to buy your ring. You can expect promos since retailers are eager for customers. You're also competing with fewer shoppers who might beat you to the ring you like.
But Thanksgiving shopping has major drawbacks you should consider. Due to the volume of orders, retailers need more time to make and ship your ring. So if you're planning a holiday proposal, you may want to buy the ring earlier.
You also don't have the luxury of time when you shop during Thanksgiving. Products fly off the shelves fast. You can't think about your purchase too long, unless you want another shopper to snag the ring you want.
But like other big sales seasons, holiday shopping can also be stressful. Expect the same problems, like limited inventory and delayed lead times. Plus, you're competing with buyers who want to give jewelry as holiday gifts.
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