Getting engaged is a super exciting time in a young professionals life, and it’s a big decision that comes with a lot things to do – and often things to purchase! One of the big purchases will likely be some sort of an engagement ring. This ring, which is meant to symbolize your love for your partner will be something they treasure for ever, and potentially pass down one day! If I could give you one piece of advice coming from a personal finance blogger, it’s to make the decision on your own in regards to purchasing a ring. Jewelry companies pay a TON of money for marketing, society will pressure you into thinking that a small or non-traditional ring says something about your lack of love for your partner, and friends/family might also pressure you too!

Figure out what you’re comfortable spending (and it doesn’t have to break the bank), figure out what your partner is looking for, and go with a ring that’s right for you!

One scenario that some young professionals will run into is the process of passing along a family heirloom ring or stone. This is a super special item to receive, and pass along to your significant other! However, a lot will come with the decision to pass along such an item, and there can be a few things to think through! What happens if you don’t love the design? What will happen if it’s in need of repair or cleaning? What if you’d prefer to make some adjustments and get the stone in a new ring? Let’s dive into a few of the unknowns to help you feel more confident in your big decision!

Creatively resetting

Lots of people are actually unaware of the fact that they can merely take heirloom stones and incorporate them into engagement rings. This is a really unique and special type of jewelry design that is offered by many jewelers. It’s wise to ensure it’s a jeweler you trust and feel good about before letting them work with a precious stone like the one you have!

This service is usually called ‘reconstruction’ and involves taking the stones from one piece of jewelry and incorporating them into a brand new piece of custom jewelry. If desired, you then can sell the leftover gold via a pawn shop to use the money for the rest of the ring or something else. You can completely transform the ring in order to come up with a bespoke jewelry design. You have an extensive choice of different metals and different ring settings. You can even add more gemstones or diamonds if you wish to do so. 

In addition to this, don’t forget how important it is to discover your partner’s ring size. There would be nothing worse than going to all of this effort and spending your hard-earned cash only to find that the wedding ring doesn’t even fit. The best thing to do is either ask your partner’s family or take a ring from her jewelry box that you know they still wears. 

Getting insurance

One other important thing to remember is to get the stone, and newly reset ring insured! Your standard homeowners or rents insurance policy does not cover valuable items like expensive jewelry and so you’ll need to purchase a separate policy for it. The good news is that valuable property insurance is not expensive (typically a few dollars/month) and can be added on easily with your existing policy. You certainly would never want to lose a family heirloom ring like that, but even more so, you’d hate to lose it and then be out all the money for it and have to replace it out of pocket!

If you are looking for a top jeweler, to provide you with this special reconstruction service, look online. Make sure they have good experience with engagement rings and custom-made jewelry design. They will be able to turn your heirloom stones into a gorgeous engagement ring that is assured to put a huge smile on your partner’s face.

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