5 Engagement ring myths explained

October 5, 2022 • 4 min read

Are you on the search for an engagement ring? Let’s get a few things straight – you shouldn’t take everything you hear for gospel!

When looking for the right ring, it is vital to understand the common myths often associated with engagement rings. The last thing you want is a myth to hinder the potential of your ring purchase because of a misconception.

Let’s break down five of the biggest myths around engagement rings.

1. It isn’t safe to buy an engagement ring online

One of the biggest myths is that buying an engagement ring online can be risky. This is NOT true. With the development of technology and accessibility, shopping online is becoming more and more popular and reliable. So, why not engagement rings if you can safely buy dress jewellery and clothes online?

Of course, you need to be smart about who you purchase from. Like you would for a jeweller in person, do your research and confirm you are buying a ring from a credible jeweller.

At Midas Jewellery, in addition to our Sydney boutiques, we sell a range of collections through our fully secure online store. This allows us to securely deliver our engagement rings across Australia, providing a convenient shopping alternative for those short on time.

2. The bigger the diamond, the bigger the carat

A claim often marketed to encourage the purchase of more significant carat diamonds, this myth forces people to believe they strictly need to buy the biggest carat possible for a large stone. Newsflash – this is not always the case!

While for some cuts, it is true the larger the carat, the larger the stone can be, it isn’t always necessarily the trick to getting a larger diamond. Certain cuts, like the pear and marquise, will look a lot bigger than they are. Because of the cut, it delivers the illusion of a larger diamond, despite it having a smaller carat weight.

3. An engagement ring should only use diamonds

When it comes to engagement rings, the go-to stone of choice is often the iconic white diamond. While this has long been the classic for engagement rings, it is essential to note that diamond engagement rings are not your only option.

Nowadays, the options are endless when it comes to your choice of stone. Not only can you choose a colour diamond, but you can have your pick from a range of gemstones, including sapphire, emerald, ruby, tanzanite and more. It is recommended to check the selected stone and ensure it is a durable choice for an engagement ring’s daily wear and tear.

4. You should spend three months’ wage on a ring

It is a dated theory or old rule that you are expected to spend a solid three months’ worth of wages on an engagement ring. This is not mandatory. The total amount of money you want to spend on a ring or the budget you have in mind should differ depending on the person.

Not everyone’s circumstances or tastes are the same, so the amount you spend should be up to you. Don’t feel like you should live up to this expectation. Instead, set a realistic budget and don’t be afraid to shop around and compare your options. You may get a fantastic deal or find an alternative that will deliver you a more impressive ring for an affordable price.

Diamond engagement rings are definitely not the cheapest jewellery piece, but you don’t have to spend beyond your means to get a good design.

5. Customising a ring is more expensive

Tailoring a custom ring can be more ideal than purchasing an already created design. It takes a lot more effort and can be designed specifically with your partner in mind. Because of this, many people think it will automatically be more expensive than an existing design. While this can be true, the price tag isn’t always necessarily more significant.

Depending on your design, the custom ring may end up being more reasonable than the price tags of the rings on display in-store. The best way to find out is to enquire with a jeweller. At Midas Jewellery, our master jeweller will sit with you, walking you through the process to create the best ring possible with your budget in mind.

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Still unsure about which myths are true and untrue? Speak to the experts at Midas Jewellers! As one of the leading jewellers in Sydney, we’ll provide you with unmatched service.

Our team wants to help you achieve your fairy tale ending, meaning we will answer all your questions in your search for the perfect ring. We invite you to visit one of our three Sydney boutiques or contact us through our website.