Finding Great Jewelry

When I started thinking more seriously about heading into the professional realm, I realized that I needed to update my jewelry. I had been wearing fun costume jewelry for years, but it wasn't resonating with the people that I worked with or my clients. It was really frustrating, so I decided to head shopping to update my collection. It was amazing to see how big of a difference a nice new necklace and some conservative earrings made. This website is all about finding great jewelry that fits within your budget and your wardrobe. Check out this blog for more information.

Popping The Big Question? Say "I Do" To These Three Engagement Ring Financing Options


An engagement ring is one of the most expensive purchases someone will make – aside from a home and vehicle. While it's always better to pay for an engagement ring in cash, that isn't always a feasible option. So does that mean you'll have to save up and wait before you pop the big question? No.

Believe it or not, you can finance an engagement ring. While you won't have as many options as financing a home or vehicle, it can still be done. So what are your options?

1. Jewelry Loan

If you have your heart set on a ring from a specific store, ask them about loans. Many large jewelry stores offer financing for large purchases, such as engagement rings. Just make sure you read the fine print on the loan contract.

Oftentimes, there are very specific guidelines for jewelry store loans. For example, you may need to pay off the balance of the ring before a specific date to prevent high-interest rates. There might also be consequences for late payments. So make sure you thoroughly read over the contract before you sign and purchase the ring.

2. Credit Card

Credit cards are another option when it comes to financing an engagement ring. Most credit cards will allow you to purchase anything on them, so there won't be any issue when it comes to purchasing jewelry. However, credit cards do have a downfall. In order to avoid paying high-interest rates, you'll need to pay it off quickly.

If you don't have a credit card yet, shop around. You can usually find credit cards with introductory offers, such as no interest if paid in full within 12-18 months. These offers are extremely helpful, as it will give you the time you need to pay off the ring without interest.

Other credit cards might offer additional rewards, such as bonus money, for spending a certain amount of money within a set time-period (such as three months). These credit cards can also be helpful, as you can use the extra money earned to pay down the balance. If you do it right, you could wind up saving money. So it's definitely something to consider.

3. Personal Loan

If you don't want to use a credit card, consider taking out a personal loan. Ideal for a variety of large purchases, personal loans usually have a longer repayment period. For example, your personal loan may allow you to pay the balance in three or five years. This is a great idea, especially if the engagement ring is very pricey. However, you usually cannot avoid interest. So keep this in mind.

While having cash is always the best option, it isn't always possible. Luckily, these three financing options can make it quick and easy to finance an engagement ring. Contact a company like C & L Gold & Diamond Brokers for more information and assistance. 


18 July 2017