July 7, 2006, Newsletter Issue #44: Finding An Engagement Ring Through An Online Auction

Tip of the Week

Yes, you can find an engagement ring through an online jewelry auction, but the process can be difficult, and there are certain pros and cons. The first major advantage is obviously price. If you buy an engagement ring through an online auction site, you might very well be able to spend less than the traditional "three month's salary" guideline. Another advantage is the possibility of acquiring heirloom jewelry, allowing you to find an engagement ring with a bit of history behind it. The disadvantages of buying an engagement ring online, however, are considerable. If you're searching for a diamond ring, you have to be careful of fakes. Any seller of diamonds online should be able to provide certified appraisal paperwork for both the ring itself and the stone. If this information isn't available, then don't trust the seller.

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