Diamond and Jewelry Coupons

How can I save money on diamonds and other jewelry? Do jewelry stores have coupons?  What else can I do to lower the price of a diamond engagement ring?

How to Save Money on Diamonds and Other Jewelry

If you have read through the main article on this site, you understand that a diamond price is heavily influenced by the diamond carat size (weight).  Consider trading off carats for other factors.  If you select a slightly lighter diamond, you can reduce the price much more than if you aim for a lower grade of color or clarity.

Next, once you know exactly which diamond you want, try pricing it across several retailers.  Try jewelry stores, discount stores, and online stores.  Of course, only work with reputable companies.  

But don't stop there! 

Do Jewelry Stores Have Coupons?

Yes, jewelry stores have coupons.

You can gather jewelry coupons by signing up for jewelry companies' newsletters.  According to one researcher, Zales sends a $50 off $300 purchase coupon soon after you submit your email address for their mailing list, plus future coupons and notification of sales events.

Other stores may advertise on the radio, newspapers, or coupon books.  The coupon site CouponFindr.com runs coupons from a jewelry store for jewelry repair and watch battery replacement.

What Else Can I Do To Lower the Price of My Diamond Engagement Ring?

The most important steps have already been covered.  You should understand why the diamond you chose is priced the way it is.  Then you can price the exact same (or extremely similar) diamond at several competitors.  Meanwhile, you should have gathered coupons and information on sales events.  

We can think of three more ways to lower the price of your diamond engagement ring.  

1) Negotiate.  If you walk in knowing what the diamond is really worth--or how much the other stores would charge for it--you may be able to calmly reduce the price on the diamond or (if the diamond is "nonnegotiable") the band or other items you planned to purchase.  If someone won't negotiate, they probably don't own the store.  Owners understand the true value of their goods and are more likely to negotiate.

2) Visit a place known to have multiple diamond jewelry vendors, like Chicago.  Plan in advance.  Make appointments.  Don't expect a traditional retail experience.  

3) Reuse a family heirloom.