To want to buy myself this?

[Neess]

I always wanted to get married, have a strong relationship… it wasn’t meant to be for me.

I am a single parent to a five year old. Ex pays his way and I have a good job. I’ve managed to save a bit. Would it be crazy to spend 5-10k on a ring for me? Would it lose value over time?

I’ll never have someone buying me a nice ring as life is so busy and my focus is dd but I’d love one…is it weird to buy one for myself?!

Buy yourself whatever you want. You don't need a reason.

But you will get a much nicer stone/ ring, for the same budget, if you look for something second hand or antique. It won't lose value to the same extent.

Where are you based? If anywhere near London go for a stroll around Gray's Antiques market near Selfridges.

And that’s your choice.
op wants to buy jewellery.
everyone is different

I think treating yourself is a lively idea BUT consider not spending so much, jewellery doesn’t retain value and most people do not spend that much on their wedding etc rings

A new lab diamond will collapse in value - they’re already much cheaper in the US than the UK because they’ve become so popular.

If the OP wants to buy a diamond ring, make it second hand and really well cut natural one - that will hold its value much better.

And that's what I said to her. I said think about why you want it and make sure it's actually what you want, as I would to anyone for any big purchase.

But to suggest that people saying it's too expensive or they'd rather have a holiday will have spent 10k on a handbag is a reach, and I was pointing that out.

It will totally lose money but you should buy it and enjoy it if you can afford it and it brings you joy.

I have beautiful (and expensive) rings that I see hundreds of times a day and never get bored of; one inherited and one engagement. I also bought myself an expensive watch that will also have depreciated the second I walked out of the door, although not as much.
No one I know would guess the watch is expensive I suspect as it isn’t a Rolex, I bought it because I like.

Lots of people spend 10s of thousands more than they need to on a car because it brings them joy, they also depreciate and they don’t last forever like jewellery.

It's your money but I think it's a really stupid idea. Invest the money instead.for thr future of you and your DD

It depends what you value in life, people spend more than this on their PCP for a car they don’t own. If it’s size or style of stone you like and worry about value look at alternatives such as lab diamonds. If it’s because you want to and love it, do it.

I have to admit I’m feeling panicky at the thought of wearing a ring worth that sort of sum in case I lost it!

If you can afford it and want to, then absolutely you should and no one has the right to tell you otherwise! Xx

I think it is a lovely idea but I might use some of the money for a holiday and buy a piece of jewellery when there. My DM bought me an opal ring when they went to Australia, or go to New York and go to Tiffany. Make a memory with your dc as well as buying the ring, it will then have real meaning when you pass it on to her.

You're right.

The insurance value of jewellery is for the cost of replacement - and a quick google reveals that jewellers often value even higher than replacement cost for some reason. The resale value is significantly lower - maybe a third of the retail price if you're lucky.

I'd get one for 800-1000, 5k is ridiculous for any ring.
Make sure you get the size tight too so there's no way it can fall off!

Hey OP

gold addict over here!

if you’ve worked hard the money and spending this much on you won’t affect your child, absolutely fucking go for it!!!

I’ve dabbled in buying and selling jewellery - best tips for your money:

buy secondhand - there are some amazing auction houses out there.
the big name jewellers hold their value more - think Cartier, Bulgari etc.
natural diamonds hold value more than the new jab created ones.
antique jewellery if it’s your taste and an outstanding design will hold its value!!!

if you are looking for a stone solitaire - you can absolutely buy the stone in a second hand ring for way cheaper than brand new from shops. Any good jeweller will reset it for you in a band you like

good luck and enjoy!

I’ve done exactly this OP, recently bought myself a beautiful diamond ring because I’ve always wanted one, and I wear it on my ring finger because I wear other rings on my right hand. I bloody love it and I don’t care if it loses value. I’m divorced and it’s nice for me to be able to wear a ring I’ve bought myself on this finger. Yes this might look like an engagement ring as mine is a solitaire but no fucks given about what anyone else thinks. If you want one get one but do look at Hatton Gardens or Birmingham Jewellery Quarter as you’ll get more for your money (or second hand if you’re lucky enough to find what you want).

This simply isn't true. Not all expensive jewellery is generic & mass produced! It doesn't all lose its value either.

And a £100 ring may symbolise the same thing as a £10,000 ring to some people, it's all relevant & entirely dependent on context

MN has a weird attitude to engagement rings imo. Competitive cheapness!

Op i adore jewellery. I'm fortunate enough to have some beautiful rings. I love them because of what they symbolise of course but I also love them because they are beautiful objects in & of themselves. I admire them every single day as I put them on. I couldn't care less what anyone else thinks of them. They're my dream rings

If you have the money & you would like a ring i say 100% go for it. Consider commissioning one. Have fun doing all the research & really enjoy the experience. Don't let other people makd you feel weird guilt about it.

And I think a beautiful, well made ring that you'll potentially wear for the rest of your life is a far better way to spend your money than a holiday (though I'm ridiculously fond of them too!)

Enjoy shopping for your dream ring & please feel free to share more about it with us!

I'd say definitely get a ring if that's what your heart is set on, but I would set a limit of say, £1k.

I quite like the symbolism actually of buying the ring for yourself.

With respect, 5K for a ring is only ridiculous for you.

You don't speak for everyone else.

I have rings that cost more than that many years ago & I didn't then & don't now consider it ridiculous.

I think if you would like to buy an investment piece you would need a bit of advice. Personally, i would never spend that much on a ring. My own engagement ring cost less than 2k. What about a watch instead?

They don't all lose their value.

Agree! Mine too.

It's not unreasonable if you can easily afford it i.e you're not spending all your savings on the ring.

It's mine and my husband's 40th birthdays this year, he's chosen himself a watch and I'm going to get a ring (although personally wouldn't spend as much as £5k, we thinking around £1-2k).

I think all of this depends. Our four rings are handmade by the same highend jeweller. 3 rings for me (engagement, wedding, eternity & wedding band for dh,)

Our jeweller told us they would buy back the rings at any stage & it would not be at a significant loss. There's a lot of 18ct gold (unplated white & yellow - the rings are heavy as well as top grade stones - diamonds & an emerald)

I have to say the experience of having a significant piece of jewellery designed & participating in the process is hugely enjoyable. They're memories that we have forever (as well as the actual rings!)

We have zero intentions of ever selling them & they will be our dd's one day.

Have you actually seen a ring of that value that you love? If so, I'd go for it. However, I don't think it's necessary to spend so much for a beautiful ring. My favourite ring is a diamond and sapphire ring I bought at an antique shop for £500. It's so beautiful and sparkly. Everyone compliments it.

Yes they loose loads !!
iv been burnt doing this !
your best if buying a good watch ! They hold there value and they have been going up in value recently ! I bought watch for around £4,000 it’s now in the shop for over £6,000 ! X