Are There Any Hidden Costs When Buying Engagement Rings?

Buying an engagement ring is a moment filled with excitement, love and a sense of permanence. Whether you’re planning a surprise proposal or choosing the ring together, it often marks the first major step in your journey as a couple. But while most people focus on the sparkle of the diamond and the beauty of the design, there’s one thing that sometimes catches people off guard: the real cost.

The price you see isn’t always the price you pay. When it comes to fine jewellery, there are several extra costs that can quietly add up, especially if you’re not aware of them from the beginning. Understanding what to expect will help you make informed decisions, avoid surprises and ensure the ring you choose fits both your budget and your expectations.

Let’s take a closer look at what those extra costs can look like when buying an engagement ring.

The Diamond Is Not Always Included

This is one of the most common surprises for first-time ring shoppers. Many rings on display, especially online, will show a price for the setting only. That means the band, design and metal are included, but the centre diamond or gemstone is not.

Diamond pricing is influenced by the four C’s: cut, colour, clarity and carat. Even a small difference in these factors can significantly change the total cost. For example, a one-carat diamond can vary in price depending on its clarity or how well it’s cut, and that variance may not be obvious in a photo.

Always double-check whether the price includes the stone. If it doesn’t, ask for a full quote including your preferred diamond, so you can make a fair comparison with other rings.

Resizing After the Proposal

It’s not uncommon to get the ring size slightly off, especially if the proposal is a surprise. While many jewellers offer one complimentary resize, this isn’t always standard across the board.

Some rings are more difficult to resize than others. Bands with diamonds around the full circle or shaped designs may require additional labour, or in some cases, cannot be resized at all. If you’re buying in the cooler months and proposing in summer, remember that heat can naturally swell fingers, so it’s best to discuss this with your jeweller ahead of time.

Insurance Is Worth Budgeting For

Engagement rings are not just emotionally valuable; they are also a financial investment. And like any valuable item, insurance is something to seriously consider. Most home and contents policies will only cover jewellery up to a certain amount unless it’s specifically listed on the policy.

For full protection against loss, theft or damage, many people opt for standalone jewellery insurance. This typically comes at a small annual fee based on the ring’s value, but it offers peace of mind that your ring is covered wherever you go.

Cleaning and Maintenance Over Time

Fine jewellery is made to be worn every day, but it still needs occasional care to keep it looking its best. Depending on the jeweller, basic cleaning may be complimentary, while more detailed services like polishing, tightening or re-tipping claws may incur a fee.

Over time, especially with daily wear, rings can show signs of wear and tear. Settings might loosen, claws may need reinforcing, or the band could thin slightly. These are normal occurrences, but it’s helpful to know they exist so you can factor in long-term maintenance.

Customisation and Personal Touches

Adding a personal touch to your ring is one of the most rewarding parts of the design process. Whether it’s a secret sapphire inside the band, a vintage-inspired setting or engraving on the inner rim, these elements create a ring that feels entirely your own.

However, depending on the complexity, custom features may add to the final cost. At Larsen Jewellery, we work with clients to be transparent about what is included and what can be added, so there are no surprises at the final stage. Customisation doesn’t have to break the budget, but it’s best to ask early and keep it in mind while designing.

Setting Expectations From the Start

The beauty of an engagement ring lies in the details, but those details are also where unexpected costs can hide. The good news is that with the right information and clear communication, these are all manageable and often completely avoidable.

When you’re beginning your search, take the time to understand exactly what the listed price includes. Ask for a full quote, including the stone, setting, custom touches and any resizing or aftercare. This will give you a clearer picture and help you choose a ring that fits comfortably within your budget.

At Larsen Jewellery, we believe transparency is key. From your first consultation to the final polish, our goal is to make the entire process feel clear, enjoyable and unforgettable. After all, choosing an engagement ring should be a joyful milestone, not a financial surprise.