3 Types Of Diamonds To Get For A Wedding To Save Money

So the closer I get to 30 the more I think about things like getting married and having kids, and me being the psychopath that I am, I like saving for things that are not even my radar. So although I’m single and I have no kids, these are still things that I save up for. Why save for something like that if you don’t have a wedding planned or kids on the way, because although on decades away from 65 I still invest for that age, because the man who fails to prepares, prepares to fail.

So in this video I’m going to break down the cost of an engagement ring and the different types, from natural, lab grown and even moissanite that not many people know about

Natural diamond, lab grown, moissanite and then you have the color diamonds

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Here is my perspective on wedding rings, it started out as a marketing ploy by a big diamond company but today it has become tradition and apart of the culture, so I have anything against it. I just don’t think you should spend a bunch of money you don’t have, to buy something that the only way to tell if its not natural or the highest quality is by looking under a microscope, literally no can tell lol. Plus that money is better spend on a house or a kid.

1. Moissanite

It’s the second hardest stone to a diamond ( rarely you can get the naturally grown one, most of the time its lab grown )

Close to a diamond in color

It has carbon and silicon in its chemical makeup, so the light shines differently so you get a little more color

Let’s talk money though

You have 3 types of moissanite, Classic, forever brilliant and forever one moissanite ( its different colors that you select on taste )

But the price ratio can be literally ridiculous

1 carat can cost you $1,405 while with a diamound that’s like 5k or 3 carats can cost you $3k vs 25k diamond

Cons:

Its hard to resell and it’s a poor investments

But these stones aren’t really for investing or reselling really

2. Lab grown Diamonds

Which average about 30%-50% less than a naturally minded diamond

The difference cannot be seen with the natural eye which why jewelry companies have machines to verify this stuff

They have the same hardness of 10, same color depending on the quality and they are made from carbon

3. Natural Diamonds

This is the stuff you get form the earth, from years heat and pressure that created these unique beauties

They don’t make for great investments what so ever but they do mean some culturally

I think it comes down to a personal decision

More Tips:

Consider Buying Used at pawn shops, you can get 30-50% of natural diamonds this way

Remember reseller have 10x markups on some of this stuff, so don’t think you are getting a deal

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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