The question of how much to spend on an engagement ring is one that weighs heavily on the minds of many soon-to-be-engaged couples. It's a significant purchase, a symbol of love and commitment, and naturally, you want to get it right. At Morgan & Co, your custom jeweller Sunshine Coast, we understand the importance of this decision and are here to guide you through it.

There's no magic number or rigid rule. The truth is, the amount you spend should be what feels comfortable for you. Forget the old "three months' salary" guideline; it's outdated and unrealistic for many. What's important is creating a ring that reflects your love and fits within your financial means.

Factors That Influence the Cost of Engagement Rings Sunshine Coast:

• The Center Diamond: This is typically the most significant expense. The size (carat weight), clarity, colour, and cut of the diamond all play a role in its price.
• The Setting: The type of metal (gold, platinum), the design of the setting, and any additional gemstones will affect the overall cost.
• The Band: A diamond-encrusted band will be more expensive than a plain band.
• Customisation: Custom made engagement rings allow you to create a unique piece, but they may also involve additional design and labor costs.

Morgan & Co: Creating Dream Rings Within Your Budget

At Morgan & Co., we believe that every love story is unique, and so should every engagement ring. We work closely with you to understand your vision and create a ring that exceeds your expectations, without exceeding your budget. Our engagement rings start at approximately $5,500 for a basic solitaire with a 1ct lab grown diamond and increase in price from there, depending on diamond size and quality and metal chosen. 

While you might find engagement rings starting from around $3,000 at retail chain stores in places like the Plaza, it's crucial to understand that in jewellery, it's not a simple comparison. Cheaper prices often reflect compromises in quality. These mass-produced rings are frequently made overseas in bulk setting manufacturing, lacking the custom craftsmanship tailored to your chosen stone. The settings tend to be thinner, and the alloys used can be of lower quality. Investing in a cheap, mass-produced engagement ring can often lead to problems with the band and setting, requiring ongoing repairs and the frustration of being without your ring for weeks while it's sent overseas for servicing. At Morgan & Co, as an Australian made and family-owned business, we prioritise exceptional quality and unparalleled service. Our rings are meticulously crafted, and our attention to detail is second to none. For us, a great client experience and an incredible quality piece are paramount. Should any issues arise, we make it our priority to address and rectify the situation promptly and efficiently.

Here's how we make it happen:

• Personalised Consultation: We'll sit down with you to discuss your preferences, style, and budget.
• Diamond Guidance: We'll educate you on the 4Cs of diamonds (carat, clarity, colour, and cut), helping you understand how each factor impacts the price. We’ll show you options that will work within your price point.
• Setting and Design Options: We offer a wide range of settings and designs, and we can also create custom made engagement rings to your specifications.
• Transparency and Honesty: We'll provide you with clear and transparent pricing, so you know exactly what you're paying for.
• Australian Made Quality: We are proud to offer Australian made jewellery, ensuring exceptional craftsmanship and ethical sourcing.
• Lifetime Warranty: We stand behind the quality of our work, offering a lifetime warranty on band and setting.

Making the Most of Your Budget:

• Prioritise the Diamond: If the diamond is the most important aspect to you, consider choosing a slightly smaller diamond with higher clarity or colour.
• Consider Alternative Gemstones: If you're open to it, explore beautiful and more affordable gemstones like sapphires, emeralds, or moissanite.
• Choose a Simpler Setting: A solitaire setting is classic and elegant, and it's often more affordable than intricate designs.
• Explore Different Metals: 14ct gold is a more budget-friendly option than 18ct gold or platinum.
• Consider a Plain Band: A plain band is timeless and can save you money compared to a diamond-encrusted band.

Beyond the Engagement Ring: The Wedding Ring

Remember that the engagement ring is just the beginning. You'll also need to consider the cost of a wedding ring. At Morgan & Co, we can help you create a matching set that complements your engagement ring and fits within your overall budget.

Your Trusted Custom Jeweller Sunshine Coast

At Morgan & Co, we're passionate about helping you create the ring of her dreams. We'll guide you through the process, answer your questions, and ensure you feel confident and excited about your purchase. We believe that everyone deserves a beautiful engagement ring, regardless of their budget.

Don't hesitate to contact us today to schedule a consultation and begin your journey to finding the perfect engagement ring. Let us show you how we can create a ring that will blow her away, without compromising on quality or exceeding your budget.

With Love,
Morgan xo